A One Person Company (OPC) can be a good option for starting a small business in India, but it has both advantages and disadvantages to consider:

Pros:

Limited Liability: An OPC offers limited liability protection, separating your personal assets from business debts. If the company faces financial trouble, your personal belongings are generally safe.
Easy Setup and Compliance: Compared to other company structures, OPCs are easier and faster to set up with fewer compliance requirements. This allows you to focus on growing your business.
Sole Decision Making: As the sole member, you have complete control over the company's decisions, leading to faster and more efficient operations.
Tax Benefits: OPCs are taxed as separate legal entities, potentially offering lower tax rates compared to a sole proprietorship. Additionally, they can avail of tax benefits like presumptive taxation.
Enhanced Credibility: An OPC has a more professional image compared to a sole proprietorship, which can be helpful when seeking loans or attracting clients.
Cons:

Limited Funding: Raising capital can be challenging for OPCs as they cannot raise funds through public offerings. You might rely on personal savings, bank loans, or attract angel investors.
Single Point of Failure: The success of the company heavily relies on your skills and efforts. If you become incapacitated, it can significantly impact the business.
Conversion Requirements: If your business grows beyond a certain size (turnover or number of members), you might need to convert the OPC to a Private Limited Company, which involves additional compliance procedures.
Scrutiny and Transparency: While compliance is less stringent than a Public Ltd company, OPCs still face some regulatory oversight, requiring financial record keeping and filings.
Overall:

An OPC is a well-suited option for entrepreneurs starting small businesses where you have complete control and limited funding needs. However, if you plan for rapid growth or require significant capital, a Private Limited Company might be a better long-term choice.
https://www.registerkaro.in/types-of-companies