You must provide this information to the Companies Office when registering your business. It`s never too early to think about intellectual property (IP), which includes your company name, logos and trademarks. When you protect intellectual property, for example by creating a trademark for your company name or trademark, you protect the time, money and effort you spend on a business. While there are no major barriers to becoming a sole proprietor, starting a partnership or business in New Zealand, it`s always worth thinking about why you`re doing it and which choice is best for you. The structure you choose can affect your ability to grow or sell the business, so it`s important to get it right. Before you can manage a company`s records on the registry and transact on its behalf through our online services, you must confirm that you are authorized to do so. If an individual has created a corporation on behalf of its directors using an organizational account (for example, an employee of an accounting firm or law firm), eligibility for that corporation is automatically confirmed with all users associated with it. To make the process of starting a business easier, New Zealand doesn`t require you to create a completely unique constitution or statutes. If you choose not to create your own incorporation, your company will be subject to the Companies Act 1993 by default.
If you think this might be right for you, visit our website for more information on registering your business and next steps. You can search for shareholders by personal name and company name. Each search result contains: There are several ways to structure your business, whether you are a contractor, self-employed, partner or operating a business. Here`s information about each option, including the pros and cons, to decide which structure is best for you or your business. If you`re looking to start a business or have done it before, but don`t know what it is, here are some tips and information that can help. If the Companies Office approves these forms, your company will be formed. Whether you`re a small business or an entrepreneur, deciding to start a business is an important step. Legally, you choose to separate your business from itself, which brings with it new responsibilities, such as how taxes are paid and your relationship with government agencies. There are many things to familiarize yourself with your company`s finances and stay on top of things. Before you start your business, you should look at options for managing your finances, such as online accounting software and/or an accountant or accountant.
Online accounting software often includes free trials and some accountants sometimes offer a consulting session to help you decide if you want to use their services. Once a company has been formed, any other person or organization that needs to manage a company`s information must confirm their authority to do so. This is explained below. You can apply for an IRD number or a GST number when starting your business. You can also do this later or let your accountant do the application process. If your business intends to hire employees, you will need to register as an employer when filing your tax return. Although only businesses have a company number, any business in New Zealand can get an NCBN – including sole proprietors, partnerships and trusts. If your company interacts with other types of companies, such as sole proprietors, you can apply for their NCBN and access their information in the NCBN registry.
Is a business the best structure for your business? Use our business structure selector tool to check if it is right for your business needs. Just three quick questions and you`re on the right track. When you search for a company`s data, you have the option to search the Securities Register (RSPP). This can help you learn about a company`s secured debts. There is a fee for each PPSR search. For more information, visit the NZCO website. An authorized individual may be someone who has an individual online services account with us (e.g., an in-house accountant who manages a company`s information) or someone who has an organizational account (e.g., an accounting firm with multiple employees who need access to manage their client`s business information). It`s important to keep your company`s data up to date. If something changes, the commercial registry should be the first place you update your information. This will also automatically update your NCBN records. A business does not pay income tax if it incurs a loss, that is, if its expenses are greater than its income. The power may be revoked in certain circumstances, such as when a director leaves office or an authorized person ceases to work for the corporation.
Although the identity of the sponsors must be registered with the Registrar, this information is not publicly disclosed. Each limited partnership must have a limited partnership agreement. However, unlike a corporation`s articles, this agreement is not registered with the registrar and is not published. If you are a director or authorized person acting for the Company, you may ask us to confirm your authority through our Online Services. You need: Losses can be attributed to shareholders to reduce the amount of taxes they have to pay, or the transparent company can carry losses forward to the next fiscal year. The legal form of a company means that the amount of corporate debt for which shareholders are liable is limited to the value of their shares. This is called a limited liability company – you will see the short form “Ltd” at the end of company names, for example Sweet as Candy Ltd.