In the case of Common Ledger, an online platform that lets accountants access clients’ financial data regardless of the software format they use. Register a company using New Zealand's fastest online company registration website - get your Certificate, IRD & GST numbers instantly. You or your accountant can get your NZBN on the NZBN website. But she’s not sure whether to set up as a sole trader or a company. Include banking information, proof of your income — including cash income — expenses and cashbooks. So make sure you understand what it is and why it’s important. In New Zealand, you can register (incorporate) a company online through the Companies Office. There is a small fee, currently NZ$150. You must give this information to the Companies Office when you register your company. GST registration. In a legal sense, you’re choosing to separate your business from yourself, which comes with new responsibilities, eg how tax is paid and your relationship with government agencies. If you wish to run a franchise business, you would register a private company. They go to the bank to borrow $40–50k based on their own predictions. For others, it may be the next step in a journey that started as a one-person, sole trader business, or you may be a contractor who sees the benefits of operating as a registered company. Is a company the best structure for your business? Company Folder is a collection of statutory documents every company must maintain in order to legally operate (“under the Companies Act 1993”) in New Zealand. The product was then developed, tested, and investors were found who believed in them enough to back them, and their product, financially. If you’re not confident about looking after your books, think about getting online accounting software and/or a bookkeeper or accountant to help, ideally before you start. Before you start a new business, it’s really important to research your market and find out what and who you’ll be competing against. The tool provides her with a task list she can follow, along with an outline of some of the costs she can expect to pay to set up her company. You can always adopt a constitution later. Pay by VISA, MasterCard, Direct Credit or Cheque. Here’s where you’ll find information about: You’ll also find templates to help you get started. The most common structures are a company, sole trader or partnership. Use our Choose Business Structure tool to check that it’s right for your business’s needs. It is presented in a high-quality ring binder/folder, which is specifically designed to keep all necessary company… People often start a business because they want to make a living from certain skills they have. Whether you’re a small business or a contractor, deciding to start a company is a big step. Even if you outsource to an accountant or bookkeeper, it helps to understand the types of tax and levies you may have to pay as a business owner. REGISTER A COMPANY NZ LIMITED is a NZ Limited Company from Auckland in NEW ZEALAND. Register online with Inland Revenue. If you’re importing goods worth more than NZ$1,000, you need a client code and a supplier code. While Ha consciously decides not to take on debt, loans can be a viable option for those who carefully assess whether borrowed money can be paid back on time and put to good use. Ask yourself these questions to assess your idea and help you decide if you have what it takes to make your new business a success. IP will be important throughout your business’ lifespan. This means your company will be taxed like sole traders or partnerships. How much money do you need to start a business? The more expenses you claim, the lower the tax will be, so it pays to understand what you can and can’t claim for. How to form a company in New Zealand yourself for only $160.22. Every company must have at least one share and one shareholder, with a record of this on the company’s own share register. You can register for GST at the same time you register your company. Are you planning to fund your business yourself, borrow money, or bring on investors? These include: Personal property securities; Shareholders pay tax on the company profits at shareholders’ tax rates. If you’re going to advertise your business name, you need to know before registering the name that someone else doesn’t already own the trade mark. Your professionalism and customer service is totally satisfying and greatly appreciated. You've reached New Zealand's online company registration website. Example company limited: Public: NZBN: New Zealand Business Number: 9429123456789: Public: Status: The status of the entity on a register. The directors of a company can only apply for removal from the register if the company's constitution allows them to. All other registers. Your company can claim back many of the costs of doing day-to-day business to help reduce its company tax bill. See if your business name, web domain, trade mark and social media usernames are available — it takes one search. When you protect IP, eg by creating a trade mark for your company name or brand, you’re safeguarding the time, money and effort you put into a business. The unique number assigned to the entity on a register. You may own the whole company or share ownership with other people who’ve invested in it, ie shareholders. An annual return is not a tax return or a financial statement. It was incorporated on 11 Jun 2007 and has the status: Registered. Learn more about how Common Ledger got started. Shareholders in small companies may also be able to take drawings — loans — from the company. If your company is in liquidation First, you’ll need to get a login for the Companies Office website — use your RealMe® login to access the site. It includes the: There’s a small fee to file an annual return. What you pay will be based on your company's business activity. Choosing a name for your business is a big decision, especially if you’re planning to build a brand around it. Use our free ONECheck tool to check available business names, trade marks, web domains and social media usernames in one quick search. Becs logs on to the Choose Business Structure tool to help her make a decision on her business structure. When it comes to capital, Vicki Ha, owner of Wellington’s House of Dumplings, believes in only spending what she has. But it’s important to think about what suits your working style too. Test your knowledge of expenses and allowances by taking our quiz. What do you get when you put a lawyer, accountant, marketer and IT programmer in a room together? Company number: Public: Name: The registered name visible on a public register. Our guide gives you the complete picture of what's involved in starting up, from testing your idea to registering a trade mark. You’ll need: a RealMe login an IRD number of the sole trader, partnership or trust you’re registering for an NZBN. A company with staff has obligations to government, eg handling ACC and tax, and to its employees, eg health and safety and legal employment agreements. Look-through companies must file a tax return (IR7) every year. The registers administered and maintained by the Companies Office contribute to New Zealand’s efficient and transparent business environment. Use our ONECheck tool to look up business names, web domains, trade marks and social media usernames. Registered Inland Revenue Tax Agents (optional). Get updates for small businesses from across government about new services, law changes and more. After the initial development came six months of market research, speaking with accountants around the world. 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