Three quick questions will help you

Choose a business structure

There are different ways to structure your business, each with different legal and financial obligations. Most businesses in New Zealand are sole traders, companies, or partnerships.

Help me choose a structure
The business is part of your personal finances and you’re responsible for all income and losses.

Sole trader

The business is part of your personal finances and you’re responsible for all income and losses.

Company

The business is a separate legal entity with one or more owners. Losses are not usually held against the owners.

Partnership

You and your business partners share the personal responsibility for income, losses and control of the business.