Searched over 200M research papers
10 papers analyzed
These studies suggest that one-person corporations offer benefits like promoting entrepreneurship and flexible corporate forms, but also face challenges such as governance, creditor protection, and legislative imperfections.
20 papers analyzed
The concept of a One-Person Corporation (OPC) has emerged as a significant innovation in corporate law, providing a new form of business entity that combines the benefits of sole proprietorship with the advantages of a corporate structure. This synthesis explores the key insights from various research papers on the topic, focusing on the legal frameworks, advantages, and challenges associated with OPCs.
Legal Framework and Recognition:
Advantages of OPCs:
Challenges and Criticisms:
Protection of Creditors:
The One-Person Corporation represents a significant innovation in corporate law, offering numerous benefits for individual entrepreneurs and SMEs, including limited liability and simplified compliance. However, challenges such as high capital requirements and governance issues need to be addressed to fully realize the potential of OPCs. Legal frameworks in countries like India and China are evolving to better protect creditors and ensure the effective functioning of OPCs.
Most relevant research papers on this topic