Posts Tagged ‘company’
TRUST VS PARTNERSHIP VS COMPANY VS LTC FOR RENTAL PROPERTY
Note also that in the case of rental property owned by individuals, income or loss can only be unevenly distributed if this is what is on the title.
Read MoreCLOSING A COMPANY IN NEW ZEALAND
Closing a Company in New Zealand Closing a company in New Zealand is a process that involves careful planning, legal compliance, and coordination with government authorities. Whether your decision to close stems from completing the company’s purpose, financial difficulties, or a strategic shift, understanding the necessary steps is crucial. This guide provides a detailed roadmap…
Read MoreTHE ULTIMATE GUIDE TO BUSINESS STRUCTURES AND RECORD-KEEPING
Want the ultimate guide to business structures and record-keeping in New Zealand? You’ve come to the right place! Managing a business in New Zealand involves careful planning, choosing the right structure, and maintaining meticulous records. This guide explores the most common business structures in New Zealand and provides practical tips on record-keeping to ensure compliance…
Read MoreWHY USE A LOOK-THROUGH COMPANY?
Why use a Look-Through Company? In New Zealand, a Look-Through Company (LTC) is a special type of company that allows its income, expenses, tax credits, gains, and losses to be passed directly to its shareholders. Here are the benefits of using an LTC for New Zealand investors: 1. Flow-Through Taxation Pass-Through Income and Losses:…
Read MoreBEST RENTAL PROPERTY OWNERSHIP STRUCTURE
Many clients ask us “what’s the best structure for my investment property?” We set out here to outline some of the pros and cons.
Read MoreCOMPLIANCE REQUIREMENTS – LTCS AND COMPANIES
COMPLIANCE REQUIREMENTS – LTCS AND COMPANIES. What are the Compliance Requirements for your LTC (Look-Through-Company) or standard Company? First let’s talk about your obligations as a director.
Read MoreNZ FIRE SERVICE LEVY AND YOUR LTC
NZ FIRE SERVICE LEVY AND YOUR LTC… you might receive a letter from the New Zealand Fire Service asking you to make a Statutory Declaration.
Read MoreBEST OWNERSHIP STRUCTURES FOR INVESTMENT PROPERTY
9 times out of 10 an LTC is the best structure for owning a rental property: “You have the benefit of limited liability, a legal structure that is clearly a separate entity yet under your control, and yet it is treated at tax time like a partnership: the best of both worlds.”‘
Read MoreSHOULD I GET THE COMPANY TO BUY ME A CAR?
SHOULD I GET THE COMPANY TO BUY ME A CAR? That’s a good question. It depends on whether your company is a Look Through Company (LTC) or not
Read MoreWHAT IS A SOLVENCY RESOLUTION?
WHAT IS A SOLVENCY RESOLUTION? A solvent company is one where the assets are more than the liabilities. An insolvent company is the opposite
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