The Companies Act of 2013 introduced the concept of the One Person Company (OPC) to support small traders and entrepreneurs in establishing their own businesses. The primary benefit of an OPC is that it can be formed by a single individual, allowing for complete control over the company. This contrasts with a Private Limited Company or a Limited Liability Partnership (LLP), which requires a minimum of two members. The introduction of the OPC concept, as recommended in the J.J. Report, was aimed at empowering entrepreneurs to bring their ideas to fruition. With the advancements in information technology and the expansion of India's service sector, the OPC was designed to facilitate and encourage this growth.