The One Person Company (OPC) was recently introduced as a strong improvement over thesole proprietorship. It gives a single promoter full control over the company while limitinghis/her liability to contributions to the business. This person will be the only director andshareholder (there is a nominee director, but with no power until the original director isincapable of entering into contract). So there's no chance of raising equity funding or offeringemployee stock options.