HOW DO YOU SET UP AN LTC?

Jan 28, 2013

LTCs: How do you set up or form an LTC* in New Zealand? It’s quite straightforward:

1. Form a company

2. Complete an LTC election and send it to IRD

3. File your annual returns with IRD and NZCO^

However, there are a few decisions you’ll need to make:

  • Who will be the company directors?
  • How many directors will you have?
  • Who will be the shareholders?
  • How many shares will they own?
  • What will be your company name?
  • Will you have a website, and if so, is a suitable domain name available (which ties in with your company name)?
  • What will be the address of your registered office?
  • Will the company be an LTC?
  • Will the company be registered for GST?
  • Will the company be an employer?
  • Will you maintain your own NZ Companies Office records?
  • Will you file your annual NZ Companies Office return?

If this all sounds a bit daunting, don’t panic.  There is lots of helpful info at companies.govt.nz, and they have a toll-free hotline.

Note that prices for company setup vary wildly in the marketplace, hence it pays to shop around.  We can set up your LTC quickly and cost-effectively.  Contact us for help and a free quote. Alternatively, if you’re ready to get started then go straight to our LTC set-up questionnaire here.

* Look-Through Company

^ New Zealand Companies Office

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