Sole Proprietorship Registration is best business formation to doing the business in India. Sole Proprietorship Need Minimum 1 Person for the Registration. The person called sole proprietor. a sole proprietor is the owner of the business. Sole Proprietor can be hired also someone to running their business as the employee but can’t authorized signatory for the legal documents signing purpose.
ONE PERSON COMPANY (OPC)
If there is only one promoter/founder, One Person Company (OPC) is the best way to start a company. OPC is one of the significant milestones of the Companies Act, 2013, introduced to encourage self-employment with a backbone of India’s legal system. OPC requires one member and one nominee, who becomes the member of the company in case of death or any other incapacity of the original member..