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Merit and Demerit of One Person Company One Person Company is a type of modern business entity. It allows operating a corporate entity by a single entrepreneur with limited liability protection. OPC is also said as a combined package of a Sole Proprietorship business and a Company, borrowing the best of both worlds. It came into existence after the Companies Act, 2013. The purpose of this type of business organization is to encourage startups. With this kind of business entity, any person can start business individually…