A One Person Company (OPC) is owned by a single individual with full control but limited funding options. A Private Limited Company requires at least two directors and allows easier fundraising through shares. For scalability and investment, Pvt Ltd is generally more suitable.
In exports, payments are mainly received through Advance or Letter of Credit (LC). In Advance, the buyer pays upfront, reducing risk. In LC, the buyer’s bank guarantees payment, but correct documentation is required. For new exporters, advance payment is generally safer.