It’s wonderful news that you’re hoping to go public. The procedure to change over from private to a public limited company is easy, however, will take 30 to 35 days to finish, as there are numerous levels included.
Every business needs some form of investment to keep the business alive, and mostly they go for procuring loans.
A sole proprietorship company cease to exist after the death of the business owner. But, in case of an OPC which operates as a separate legal entity would pass on the nominee director and continue to exist.
OPC is completely controlled and managed by a single owner with few compliances to be followed.