One major benefit of OPC is that it provides greater opportunities and limited liability. OPC’s liability is limited to the value of the shares you own, the individual can take more risks in business without jeopardizing or losing personal assets.
OPC can easily raise financing and get loans approved faster from banks and financial institutions. Obtaining finances gets easier as a result. This sort of business is popular among banks and financial institutions because of its legality and continuous succession clause.
The compliance requirement is basic. There are certain exemptions in the compliance aspect that lowers the risk of non-compliances or liability from non-compliance.
There is only one person as a member and therefore the complete control of management stays with the shareholder. This helps in faster decision making, and easier management process, and better control.
An OPC is a separate legal entity and has legal recognition in the eyes of law. The OPC is a distinct legal body created to protect the person who established it. The OPC has its own identity and functions as a separate body.