3 quick questions will help you choose your business structure
Answer three quick questions using our tool to help you decide what business structure will work best for you:
- sole trader - the business is part of your personal finances and you're responsible for all income and losses
- company - the business is a separate legal entity with one or more owners. Losses are not usually held against the owners.
- partnership - you and your business partners share the personal responsibility for income, losses and control of the business.
The structure you choose will impact your finances and risk, the amount of control you have and your ability to grow and sell the business.
More information about business structures
Choosing the right business structure
Before you can start doing business, you’ll need to pick the right structure for your situation. The business structure you choose will impact your finances and risk, the amount of control you have and your ability to grow and sell the business.
Other business structures
Sole traders, partnerships and companies are the most common business structures – but in New Zealand you have other options, which come with their own legal responsibilities and operational considerations. If you're considering one of these options, it's important to understand how they work and get professional advice before you start.
Starting a business
Starting a business is a big step, and there’s a lot to think about. You might build something from scratch, buy an existing business, or take on a franchise. This page outlines each option and covers the essentials – from planning and structure, to funding and tax.