Whether you have an established business or starting out, there are many aspects to get right both for your business and for your own personal protection.
We work closely with other advisers (in particular tax and accounting advisors) to try to find the best structure for each person. There will be issues of asset protection, interest deductibility and fixing procedures and rights for others involved in the business.
As a result there is a wide variety of structures which might be considered including such things as:
- Closely held company or;
- Company with several parties with different rights
- Joint ventures
- Trading trust
- Simple sole trader
What is right for one person may not be right for another – and full consideration needs to be given to your particular business, your situation and those around you.
Especially if you are in business with others or have dependents, you may need also to talk to life agents and ensure that you have a buy sell agreement with your business partners; and appropriate covers in place if things go wrong.
We do a wide variety of commercial work with all sorts of business transactions and commercial disputes, including setting up new businesses, dealing with contracts terms and conditions, leases, employment issues, financing, restructuring and debt recovery.
We can review your existing arrangements to ensure you are properly protected; we can help you with a start-up and we can help with every stage in between.
Useful links are:
To check an existing company or to register a new one – www.business.govt.nz/companies
Our commercial law specialists: