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The revolutionary new concept of one person company has been introduced in the Companies Act 2013. Often we see many
Sole Proprietorship concern working in its individual name as a proprietorship concern. Sole means single and
proprietorship means ownership. Sole Proprietor is the business which is owned and controlled by a single owner
and have unlimited liability. This mean if a proprietor is failed to meet his debts or obligation, his personal
property can be used to dispose off or to satisfy the liability, but OPC creates a separate legal entity and allows
for the limitation of liability. The biggest reason to start an OPC would be that it could be converted in to private
limited company in future