With ever changing scenario of business the new concept of One Person Company has been emerged as per Companies Act 2013. It is a hybrid of sole proprietor business and company form of business. Although this concept of Entrepreneurship is new in India and it will require time to be accepted amongst the people. There is a need to provide one person or young entrepreneurs a full freedom to contribute in the economic activities. This paper is therefore an attempt to understand the concept opportunities and threats related with one Person Company in India. OPC is completely different from Sole proprietary in terms of law and workings. One person Company and Sole proprietary sounds just like words. OPC is treated as a personal company solely having a separate legal entity and liability.“One Person Company” could be a company that has only 1 person as a member. And it's treated sort of a personal Company. each one person company shall need to a minimum of hold one meeting of the Board of administrators in every 1/2 a yr and also the gap between the 2 conferences isn't but ninety days. A sole proprietary isn't a legal entity sort of a partnership or a company. The advantage to sole proprietors quite entrepreneurs needn't enter into board conferences and annual conferences. Returns area unit signed beneath their name. they need versatile operating hours. financial gain and losses area unit taxed on the individual’s income instrument. It merely refers to an individual WHO owns the business and is in person to blame for its debts. This was looked upon as a barrier in forming private limited company by businessmen who do not want any other participant in their business. Since OPC is a new concept and a gift from the new Act, it is important to understand some of its salient features and how best the professionals can expand their activities by forming OPC. Till now professionals have been more comfortable working either as sole proprietorships or partnerships or by forming ‘limited liability partnership’ or often times, through an unwritten code of understanding and arrangement between the partners. However, the new structure of doing business through OPC has opened up vast opportunities before the professionals and other entrepreneurs. Broadly, the beneficial aspects of the OPC structure are its separate legal entity, perpetual succession, limited liability and freedom from complying with numerous formalities associated with doing business otherwise through the traditional limited liability structure.

KEYWORDS: One Person Company (OPC), Companies ACT – 2013, Sole Proprietorship.