Questions and answers about Corporate Law
I hold a minority shareholding in a private company and the majority shareholders have stopped paying dividends and stopped giving me information, while awarding themselves generous salaries. I feel pushed out. Do minority shareholders have any legal protection?
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.
I own shares in a family company and want to transfer some to my sister. The constitution seems to say something about the board approving transfers. Can the company refuse, and what paperwork is needed to complete the transfer properly?
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 have been freelancing as a sole trader for a couple of years and my income is growing. An accountant friend suggests incorporating, but I am worried about paperwork and cost. What are the real legal differences between a sole trader and a limited liability company in New Zealand?
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?
Raising money from friends and family for our start-up, what are the rules? 1 answer
1 answerWe plan to raise investment from about ten friends and family members in exchange for shares in our start-up. We assumed we could just do a handshake deal. Are there laws that regulate offering shares in New Zealand?
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