Explain the following concept: One Person company

Explain the following concept:

One Person company

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

In this company, only one person is a member.
It should follow all rules and formalities of a private company.
It is conducted by one promoter with limited liability.
Such a business organization is better as compared to a sole trader.

4 views Answered 2023-02-05 15:29

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