A One Person Company (OPC) is a relatively modern business structure that allows a single individual to incorporate a company. This concept was introduced to support entrepreneurs who are capable of starting a venture by allowing them to create a single-person economic entity. One of the biggest advantages of an OPC is that it combines the flexibility of a sole proprietorship with the advantages of a company, such as limited liability and separate legal identity. This structure is particularly prevalent in India, introduced under the Companies Act, 2013.