Is one person company advisable for online startup?

An important feature of startups are their scalability. Once the business grows, the startup should have the capability to accommodate new investors/ owners to fuel its growth. However, in case of OPC, there cannot be more than 1 member as its owner. Hence it is not advisable for an online startup operate as an OPC.




Comments

Popular posts from this blog

What is presumptive taxation under the Income Tax Act?