Questions and answers about Corporate Law
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?
An overseas investor has offered to buy a stake in our New Zealand company. I do not know whether there are restrictions on foreign ownership or approvals needed. What should we be thinking about before we agree?
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.
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?
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?
I recently became a director of a family-run company and did not realise it came with legal obligations of its own. Nobody explained what I am personally responsible for. What are the main duties of a director in New Zealand, and can I be held personally liable?
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?
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?
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