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What are the annual compliance obligations for a New Zealand company? 1 answer
1 answerI formed a small company last year and am a bit confused about what I must do every year. My accountant handles tax, but I am not sure about company law obligations. What are the ongoing requirements to keep the company in good standing?
Our company received a demand from the Commerce Commission, what does it want? 1 answer
1 answerWe are a small supplier and received a letter from the Commerce Commission asking for documents and information about our pricing arrangements with a competitor. We did nothing wrong as far as we know, but we are worried. How seriously should we take it?
A supplier says we agreed to buy stock for the year based on email exchanges and a verbal chat with our manager. We never signed anything formal. They are now claiming a large sum for goods we did not take. Can a contract exist without a signed document?
Do I need a lawyer for a non-disclosure agreement with a potential investor? 1 answer
1 answerA potential investor has asked me to sign a non-disclosure agreement before I show my business plan, and separately I want them to sign one before I share more. I am not sure whether NDAs are actually enforceable or how strong they are. What should I look out for?
My co-director is rarely available, misses meetings and is not contributing, but is also a shareholder. I would like to remove them from the board. What is the process and do I need their agreement? I have never dealt with anything like this before and would like to understand my options clearly.
My business partner and I are drifting apart, do we need an agreement? 1 answer
1 answerWe started a small company together with equal shareholdings and no written agreement beyond the constitution template. Now we disagree about direction and I worry about what happens if one of us wants out. Would a shareholders’ agreement help now, and what should it cover?
Is a director’s loan to the company risky and how should it be documented? 1 answer
1 answerI have lent money to my own company to keep it running. There is no paperwork and the accountant has just recorded it as a shareholder loan. If things go badly, where do I stand compared with other creditors?
We received a statutory demand for a debt we believe is disputed, and it says we have a short time to pay or face liquidation. I have never dealt with one before and I am panicking. What does a statutory demand mean and what can we do?
We can no longer pay our creditors, should we liquidate or try something else? 1 answer
1 answerOur company has fallen behind on supplier invoices and tax, and I am the sole director. I do not want to make things worse or face personal liability. What are the options besides simply closing the doors, and when do I need to act?
I chair a community sports club that is an incorporated society. Members mention that a new law requires us to update our rules and re-register. What has changed and what happens if we do not comply? I am not sure where to start or who I should be contacting about this.