{"id":780,"date":"2019-07-03T06:13:58","date_gmt":"2019-07-03T06:13:58","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=780"},"modified":"2020-01-15T15:54:07","modified_gmt":"2020-01-15T10:24:07","slug":"one-person-company-vs-sole-proprietorship","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/","title":{"rendered":"One Person Company vs Sole Proprietorship"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Introduction\" title=\"Introduction\">Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Assets_Liability\" title=\"Assets &amp; Liability:\u00a0\">Assets &amp; Liability:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Taxation\" title=\"Taxation:\u00a0\">Taxation:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Succession\" title=\"Succession:\u00a0\">Succession:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Compliance\" title=\"Compliance:\u00a0\">Compliance:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Conversion\" title=\"Conversion:\u00a0\">Conversion:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#Wrap_it_up\" title=\"Wrap it up!\u00a0\">Wrap it up!\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is definitely for you. In this article, we will take an overview of some differences in <a href=\"https:\/\/aktassociates.com\/blog\/documents-required-for-gst-registration-of-proprietorship\/\">sole proprietorship<\/a> and <a href=\"https:\/\/aktassociates.com\/blog\/one-person-company-opc-features\/\">one person company<\/a> to help you understand which one suits you the best. So let&#8217;s begin!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">A-One Person Company is a company, which is limited by shares and is owned and managed by a single person all by himself. Whereas a sole proprietorship is an enterprise, which is also managed and owned by a single person but there is no legal distinction between the sole owner and the business entity.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-782 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/Add-a-heading-1-1.jpg\" alt=\"OPC vs Sole Propritorship\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/Add-a-heading-1-1.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/Add-a-heading-1-1-300x171.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/Add-a-heading-1-1-20x11.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Assets_Liability\"><\/span><b>Assets &amp; Liability:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In a sole proprietorship, the liabilities of the business are unlimited. This states, if the business incurs any losses, then the debts will be paid by using the assets of both the company and the owner. However, if the business suffers from losses in OPC, the liabilities at the owner&#8217;s end will be limited as the OPC is a separate legal entity.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Taxation\"><\/span><b>Taxation:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The One Person Company concept was introduced through the Company Act of 2013 and is treated as a <a href=\"https:\/\/aktassociates.com\/blog\/compliances-for-private-limited-company\/\">Private Limited Company<\/a> and also there are no separate tax provisions made for OPC in the <a href=\"https:\/\/aktassociates.com\/blog\/notices-issued-under-the-income-tax-act-1961\/\">Income Tax Act<\/a>, therefore it is subjected to taxes accordingly as a Private Limited Company. For Sole Proprietorship, the taxation process is different as the income of the business is treated as the income of the sole owner and thereby subject to taxes accordingly.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Succession\"><\/span><b>Succession:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In OPC, the members of OPC must designate a nominee in order for the succession of the OPC. So, if the member of the OPC dies, the privilege for running the OPC will be then passed down to the nominee. Given that, the nominee should necessarily be a citizen of India (Resident Indian Citizen). On the other hand, there is no difference between the business and the sole owner in a sole proprietorship. Hence, the succession of a sole proprietorship can only be carried out by testament and execution of the will, which may or may not is challenged by the court of law.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Compliance\"><\/span><b>Compliance:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A-One Person Company should mandatorily comply with all the necessary annual compliances as a Private Limited Company and must audit its financial accounts and file its annual returns in the stipulated time period. However, the sole proprietorship is required to audit its account under section 44 AB, only if its annual turnover crosses the threshold limits, which may be specified under the provisions of the Income Tax Act.\u00a0<\/span><\/p>\n<h3><a href=\"https:\/\/aktassociates.com\/blog\/annual-compliance-for-one-person-company\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1038\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/One-person-company-3-1.png\" alt=\"One person company\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/One-person-company-3-1.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/One-person-company-3-1-300x64.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/One-person-company-3-1-20x4.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Conversion\"><\/span><b>Conversion:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The conversion of One Person Company into a Private or Public Limited company is allowed, only when it has a paid-up share capital of over Rs. 50 lakh and the average turnover exceeds 2 crores for three consecutive years. On the contrast, the sole proprietorship is unable to convert itself into neither public nor private company, irrespective of the revenue it earns.\u00a0<\/span><\/p>\n<p>If you want to know more about <a href=\"https:\/\/aktassociates.com\/blog\/one-person-company-registration-procedure-documents-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">one person company registration<\/a>, then we have a detailed guide on it. Please don&#8217;t forget to take look at it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Wrap_it_up\"><\/span><b>Wrap it up!<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">From above, we can see that both One Person Company and Sole Proprietorship got its own pros and at the same time some disadvantages too. One has a simple registration process and on the other complex taxation process. While the other has simple registration but complex compliances to be fulfilled. Therefore, it&#8217;s not easy to conclude which one is best, the OPC or the Sole Proprietorship. Although, the decision remains up to you. But if you are having any complications or queries related to the above forms of company, then you can contact us through the comments section.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction If you want to start a new business but confused in deciding whether One Person Company or the Sole &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"One Person Company vs Sole Proprietorship\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#more-780\">Read more<span class=\"screen-reader-text\">One Person Company vs Sole Proprietorship<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One Person Company vs Sole Proprietorship: Major Differences<\/title>\n<meta name=\"description\" content=\"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One Person Company vs Sole Proprietorship: Major Differences\" \/>\n<meta property=\"og:description\" content=\"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\" \/>\n<meta property=\"og:site_name\" content=\"AKT Associates\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-03T06:13:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-15T10:24:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Arun Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Arun Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\"},\"author\":{\"name\":\"CA Arun Tiwari\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\"},\"headline\":\"One Person Company vs Sole Proprietorship\",\"datePublished\":\"2019-07-03T06:13:58+00:00\",\"dateModified\":\"2020-01-15T10:24:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\"},\"wordCount\":630,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png\",\"articleSection\":[\"Registration\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\",\"name\":\"One Person Company vs Sole Proprietorship: Major Differences\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png\",\"datePublished\":\"2019-07-03T06:13:58+00:00\",\"dateModified\":\"2020-01-15T10:24:07+00:00\",\"description\":\"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.\",\"breadcrumb\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png\",\"width\":500,\"height\":300,\"caption\":\"One Person Company vs Sole Proprietorship\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/aktassociates.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One Person Company vs Sole Proprietorship\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"name\":\"AKT Associates\",\"description\":\"World&#039;s first WhatsApp based Tax Compliance Firm\",\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/aktassociates.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\",\"name\":\"AKT Associates\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"width\":70,\"height\":70,\"caption\":\"AKT Associates\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\",\"name\":\"CA Arun Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"caption\":\"CA Arun Tiwari\"},\"url\":\"https:\/\/aktassociates.com\/blog\/author\/arunsir\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"One Person Company vs Sole Proprietorship: Major Differences","description":"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/","og_locale":"en_US","og_type":"article","og_title":"One Person Company vs Sole Proprietorship: Major Differences","og_description":"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.","og_url":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/","og_site_name":"AKT Associates","article_published_time":"2019-07-03T06:13:58+00:00","article_modified_time":"2020-01-15T10:24:07+00:00","og_image":[{"width":500,"height":300,"url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png","type":"image\/png"}],"author":"CA Arun Tiwari","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Arun Tiwari","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#article","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/"},"author":{"name":"CA Arun Tiwari","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d"},"headline":"One Person Company vs Sole Proprietorship","datePublished":"2019-07-03T06:13:58+00:00","dateModified":"2020-01-15T10:24:07+00:00","mainEntityOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/"},"wordCount":630,"commentCount":0,"publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png","articleSection":["Registration"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/","url":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/","name":"One Person Company vs Sole Proprietorship: Major Differences","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png","datePublished":"2019-07-03T06:13:58+00:00","dateModified":"2020-01-15T10:24:07+00:00","description":"If you want to start a new business but confused in deciding whether One Person Company or the Sole Proprietorship is best, then this article is for you.","breadcrumb":{"@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#primaryimage","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/One-Person-Company-vs-Sole-Proprietorship-1-1.png","width":500,"height":300,"caption":"One Person Company vs Sole Proprietorship"},{"@type":"BreadcrumbList","@id":"https:\/\/aktassociates.com\/blog\/one-person-company-vs-sole-proprietorship\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/aktassociates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"One Person Company vs Sole Proprietorship"}]},{"@type":"WebSite","@id":"https:\/\/aktassociates.com\/blog\/#website","url":"https:\/\/aktassociates.com\/blog\/","name":"AKT Associates","description":"World&#039;s first WhatsApp based Tax Compliance Firm","publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aktassociates.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/aktassociates.com\/blog\/#organization","name":"AKT Associates","url":"https:\/\/aktassociates.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","width":70,"height":70,"caption":"AKT Associates"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d","name":"CA Arun Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","caption":"CA Arun Tiwari"},"url":"https:\/\/aktassociates.com\/blog\/author\/arunsir\/"}]}},"_links":{"self":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/780"}],"collection":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=780"}],"version-history":[{"count":4,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/780\/revisions"}],"predecessor-version":[{"id":3418,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/780\/revisions\/3418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media\/784"}],"wp:attachment":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}