One person company was introduced by the companies act 2013. It is consist of single ownership as well as corporate structure considering separate entities of the owner and the business. It allows a single person to run a company limited by his/her share. It’s a new form of a business hybrid sole proprietorship and a company, encouraging and appreciating the talented entrepreneurs to start and run their own venture.
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QuickBooks Error H505 mainly occurs when you open a company file in multi-user. To fix this error conveniently, read the article here. You can also get in touch with the professional team of QuickBooks ..