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03
Step Three

What's Involved

The process of setting up your chosen structure - from registration to the documents you'll need.

6 min read

Once you have decided on a structure, we handle the setup. Here is what that process looks like.

For a company

Setting up a company involves several steps. We handle most of these for you.

Company incorporation

We register your company with the Companies Office, reserve your company name, and set up the basic structure. This usually takes a few days.

Constitution

We prepare a constitution that suits your situation. This governs how the company operates - shareholder meetings, director powers, share transfers. A standard constitution works for some; others need customisation.

Shareholders' agreement

If you have multiple shareholders, we prepare an agreement covering decision-making, profit distribution, what happens if someone wants to exit, and dispute resolution. This is critical for multi-owner businesses.

Share structure

We advise on appropriate share classes and ownership percentages. This needs to reflect your intentions for control, profit sharing, and future flexibility.

For a partnership

Partnerships do not require registration to exist, but they absolutely require a partnership agreement. We prepare an agreement covering:

  • Capital contributions and profit shares
  • Partner responsibilities and decision-making
  • What happens if a partner wants to leave
  • Dispute resolution
  • Income tax registration
  • What happens on death or incapacity

Working with your accountant

We coordinate with your accountant on GST and IRD registration, tax implications of the chosen structure, and any asset transfers required. You should not have to be the middleman between your advisers.

Timeline

A straightforward company setup usually takes a few weeks from decision to completion. More complex structures involving trusts or multiple shareholders take longer. We give you a realistic timeline at the outset.

What we do at this stage

We handle the paperwork and coordination. You provide information and make decisions; we do the legal work. We explain each document before you sign and ensure you understand what you are committing to.

Next Step

Company Obligations

Director duties and company compliance

Need help setting up your business structure?

We handle company incorporations, partnership agreements, and trust deeds for Hawke's Bay businesses.

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