Setting up a LLC?
denalipop
28th August 2009, 09:35 AM
I need to setup an LLC in NZ.
I have been granted permanent residence, but won't arrive until November.
Is it possible to setup the LLC before I get there?
nycstarbucks
28th August 2009, 11:12 AM
Hi! For the newbies like me can you also clarify what an LLC is? Im making sure i read these things just incase i end up needing to know!
Ta louise
emaino
28th August 2009, 11:17 AM
I've no idea what a LLC is.
KerryS
28th August 2009, 11:41 AM
LLC = Limited Liability Company
James 1077
28th August 2009, 01:33 PM
LLC = Limited Liability Company
They aren't shortened to LLCs in NZ - almost all companies are limited liability so you just say "company". The suffix is Ltd (short for Limited).
The process for setting up the company is relatively straightforward - the Companies Office tells you what to do:
http://www.companies.govt.nz/cms/how-do-i/form-a-new-zealand-company
If you need to set it up before you arrive though then you are probably best to ask an accountant or lawyer to do it for you as it will make things easier!
denalipop
29th August 2009, 07:02 AM
Thanks for the info!
In my situation, I will be working as a self-employed contractor for a company based in the US. I was told that setting up an LLC would be a smart move.
What I'd like to find out is if I should setup an LLC in the US, NZ, or both places.
Has anyone been in a similar situation?
