Still wondering if this move is worth it? Here’s what you get by switching:
| 🔍 Feature | 🧍 Sole Proprietorship | 🏢 OPC |
|---|---|---|
| Legal Status | Not separate | Separate legal entity |
| Liability | Unlimited (personal risk) | Limited (personal assets protected) |
| Compliance | Low | Moderate but structured |
| Credibility | Moderate | High – seen as more professional |
| Fundraising | Difficult | Easier to secure loans/investments |
💬 Think of it as going from a solo gig to a legit business empire — without losing ownership!
Before you get started, check if you qualify:
👤 You're an Indian citizen and resident (lived in India ≥ 120 days in the last financial year)
💰 Business turnover is under ₹2 crores
💼 Only one OPC per person allowed
🧾 You’re ready to appoint a nominee (a backup person to take over if needed)
Here’s your easy-to-follow blueprint:
All your filings with the Ministry of Corporate Affairs (MCA) are online. So first, get your DSC (think of it as your digital identity).
📝 Required:
PAN & Aadhaar
Email & mobile
Passport-sized photo
You’ll be the Director of your new company, and every director needs a DIN.
🎯 Good news: You can apply for this directly within the incorporation form (SPICe+ Part B).
Head to the MCA portal and reserve a unique business name using RUN or SPICe+ Part A.
📌 Format: [Your Brand Name] (OPC) Private Limited
📍 Pro tip: Do a quick trademark and MCA name check first!
Get your paperwork ready:
| 📁 Document | ✏️ Purpose |
|---|---|
| MOA (Memorandum of Association) | States your business objectives |
| AOA (Articles of Association) | Rules for running the company |
| NOC from Sole Proprietor | Your approval for conversion |
| Affidavit/Declaration | Confirms compliance with the law |
| Proof of Registered Office | Rent agreement or ownership docs |
| Business Transfer Agreement | Transfers assets & liabilities |
Now, it’s time to formally apply for your new company. Submit the SPICe+ form along with all attachments.
🧑💼 This single form covers:
Company incorporation
Director DIN
PAN & TAN application
GST, EPFO, ESIC registrations (via AGILE-PRO form)
📬 Result? A full-fledged Certificate of Incorporation delivered to your inbox!
Now that your OPC is live:
Sign a Business Transfer Agreement
Move your:
Assets
Liabilities
Contracts
Licenses (like GST, MSME)
Inform vendors and banks about the new entity
✅ Open a company bank account
🔄 Apply for new GST & MSME registrations
📣 Update your clients, vendors & invoices
📊 Maintain proper accounts & file ROC returns
Here’s everything you’ll need, in one glance:
| 🧾 Required | 📌 Notes |
|---|---|
| PAN & Aadhaar (owner & nominee) | Identity proof |
| DSC & DIN | For MCA filings |
| MOA & AOA | Company foundation |
| NOC from proprietor | Allows conversion |
| Proof of office address | Utility bill, rent agreement |
| Business Transfer Agreement | Legal asset handover |
Upgrading to an OPC isn’t just about compliance. It’s about future-proofing your business:
✨ You look more professional
🛡️ Your personal assets stay safe
🏦 Funding becomes easier
📈 You’re legally ready for expansion