Limited Liability – The directors’ personal property is always safe in a private limited company, no matter the debts of the business.
Greater Credibility –As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.
Continuous Existence – Sole Proprietorships come to an end with the death of the proprietor. As an OPC company has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.