What is the difference between one person company and sole proprietorship firm?
Wondering what is the difference between one person company and sole proprietor business? Check out responses from experts on this page.
We know that any person can start a sole proprietorship business. Opening a current account in a bank will act like a registration for the sole proprietor business firm. All the tax liabilities of such businesses are linked to the PAN card of the owner of the firm. Recently, I heard about One Person Company (OPC). How OPC is different from sole proprietorship business? Will there be a separate PAN card issued for OPCs? Throw some light on sole proprietorship vs one person company.