When starting a new business in New Zealand, or expanding an existing small business, having the right business structure is crucial. Your business structure can affect your:
- tax obligations;
- legal risk;
- legal costs; and
- level of asset protection.
The most notable business structures are sole trader, partnership, company and trust. There are pros and cons for each structure, so understanding what these are is important.
To assist you, LegalVision’s lawyers have drawn on their experience to write a series of articles which will assist you to make the right decision. Of course, if you have any questions, or need assistance from our business structuring lawyers, please contact us.
