The OPC is aimed at eligible solo founders who want to run a business through a formal company while remaining its only member.
It offers a separate legal identity and a limited liability framework without needing multiple shareholders at the outset. It may suit individual entrepreneurs, consultants, small business owners, and solo founders who want more formality than a sole proprietorship but are not ready for a multi-shareholder company.
Individual entrepreneurs
Consultants
Small business owners
Audience
Who is this for?
Solo founders
Eligible solo founders and individual entrepreneurs.
Limited liability seekers
Consultants and small business owners who want limited liability.
Formal identity
Sole proprietors seeking a formal corporate identity.
The process
What it involves
An OPC can add credibility, legal identity, and limited liability, but it comes with eligibility conditions, nominee requirements, compliance obligations, and future conversion considerations. It should not be chosen just because it looks simple; the business’s future plans should be weighed.
Eraqus helps assess whether an OPC fits, discuss eligibility, prepare nominee documentation, coordinate incorporation, and understand ongoing compliance.
01
Assess whether an OPC fits
02
Discuss eligibility
03
Prepare nominee documentation
04
Coordinate incorporation
05
Understand ongoing compliance
06
Plan for future conversion
Before you begin
Key considerations
01
Eligibility conditions for an OPC.
02
Nominee requirement and documentation.
03
Ongoing compliance obligations.
04
Future conversion if investors or co-founders join.
05
Weighing future plans rather than choosing for apparent simplicity.
After incorporation
Ongoing compliance and the right choice
An OPC can suit a single eligible promoter, but it should be reviewed carefully if the business may later need investors, co-founders, or a broader ownership structure.
Describe where your business stands and what you plan next. The team will help you understand the structure, documentation, and compliance that fit your situation.