In recent times the structure of One Person Company (OPC) came into existence as a refinement of the structure of Sole Proprietorship firm. In an OPC, a single director acquires full authority over the organization accordingly, limiting his/her risk towards his commitments to the entity. Accordingly, the said individual will be the director as well as Sole Shareholder as well (A nominee is available but has no authority over director). Likewise, there will be ESOP’s available for employees to contibute into equity funding as well. Moreover, on the off chance that an OPC has a turnover of ₹2 crores threefold years continuously in succession and over or gets a settled up asset of ₹50 lakh and over, it must be changed over to a Public Limited Company or Private Limited Company in six months or less.