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Business Profile2023-11-02T13:25:50+13:00

Our Tools

Business Set Up Tool

Afirmo sets your business up with the right business structure for you.

In New Zealand your business will be Set Up in one of three types of business structures – a sole trader, a partnership, or a limited liability company.

Some are easier to Set Up than others, but some offer more protection for you should the business fail. Afirmo can Set Up these business types for you in The Business Set Up Tool.

What are New Zealand’s three main business structures I can choose between?

  • Sole Trader – the cheapest and easiest business structure to Set Up and maintain – and usually suited to contractors and freelancers. This suits single owner businesses only. Read more here

  • Limited Liability Company – a more complex business structure to Set Up and maintain, it has the benefit of offering limited liability to the owner should the business fail. It is suitable for businesses with one or more owners. Read more here

  • Partnership – suitable for multiple owner businesses that do not need to limit the liability of the owners. Read more here

What does the Business Set Up Tool do?

The Business Set Up Tool fast tracks the great idea you have, from just that, an idea, to the next level – to sorting your business structure, and getting you registered properly.

After you Set Up a user account with Afirmo, you’ll be invited to create an organisation in your account at the same time. You can have multiple organisations in your account, and you can invite other Afirmo users to access any of your organisations.

If you have already Set Up an organisation yourself, be it a sole trader, partnership or company, then you can import these details via a NZBN code when you create your organisation with Afirmo.

This takes seconds to streamline your onboarding journey.

You can also Set Up a completely new business when creating an organisation in your account, using Afirmo’s Business Set Up Tools. These differ slightly depending on the business structure you are wanting…

Sole Trader

The Sole Trader Business Set Up Tool takes you through a very simple Set Up process if you need to set one up. Afirmo takes care of all the important registrations.
Just follow the Sole Trader Set Up Tool process and get trading.

Once your business has been Set Up, you can maintain your business’s details in the Business Profile and store or register important numbers from there, like Setting Up an ACC Cover Plus account.

What are the benefits of the Sole Trader Set Up Tool?

Limited Liability Company

Afirmo’s Company Formation Tool takes you through a speedy Set Up process. Download our Director and Shareholder Consent Forms and follow the easy step-by-step instructions.

You can choose Afirmo’s template legal documents as part of the company formation process (including shareholders agreement and company constitution) or use your own or come back and add these later.

You can maintain the company information, including updating shares, shareholders and director details with Afirmo. Afirmo will sync with the Companies Office once you approve the changes to ensure you are compliant.

What are the benefits of the Company Formation Tool?

Partnership

The Partnership Business Set Up Tool takes you through a very simple Set Up process recording all the key partnership terms in the Set Up Tool. You can use Afirmo’s template Partnership Agreement if you choose.

Once the Partnership has been Set Up, then you and your business partners can maintain business details in Afirmo’s Business Profile and store or register important numbers from there, like setting up an ACC Cover Plus account.

What are the benefits of the Partnership Set Up Tool?

Product Pricing

Sole Trader Set Up

$50 +GST Afirmo sets your business up with the right business structure for you. In New Zealand your business will be Set Up in one of three types of business structures – a sole trader, a partnership, or a limited liability company. Some are easier to Set Up than others, but some offer more protection for you should the business fail. Afirmo can Set Up these business types for you in The Business Set Up Tool.

Company Formation

$270 +GST for a standard Company Formation Set Up and $370 +GST if you use Afirmo’s expert legal agreements (Shareholders Agreement and Company Constitution)

Partnership Set Up

$100 +GST for Setting Up a partnership including the use of Afirmo’s expert legal agreement (partnership agreement)

Frequently Asked Questions

Should I trade as a Sole Trader, Partnership, or Company?  2023-05-25T13:32:59+12:00

When you log in to Afirmo, we will take you through an onboarding process (only takes a couple of minutes) during which, you can either Set Up a new business or tell us your existing NZBN and we will import your data automatically into the app to save you time. Afirmo’s Set Up Tool will help you choose the right business entity option for your circumstances.

Can I Set Up a Company if I live outside New Zealand?2023-05-30T11:50:33+12:00

Yes, you can Set Up a company if you live overseas and with Afirmo, but there are some specific rules you will need to follow. You will need either (i) a New Zealand resident director or (ii) an Australian resident director who is also a director of an Australian company. You will also need a physical New Zealand based mailing address as your registered office address. In good news if you are an overseas based Afirmo customer, we can offer you a registered office address service or a nominee director service. Easy!

Do I need an IRD number to start trading?2023-05-25T13:33:34+12:00

Yes, if you intend to carry out an activity (trade) you will need an IRD number. If you are a Sole Trader, your personal IRD number is used as your business IRD number. For a company, when you register with Afirmo, we will obtain an IRD number for you. Partnerships also need a business IRD number. We will help you with all that within Afirmo’s Business Set up Tool.

Does Afirmo help with work and other visas?2023-05-25T13:34:05+12:00

Afirmo does not currently offer immigration support but if you appoint us as a nominee director for your company, we can support your local visa applications.

How can I get a brand and get online?2023-05-25T13:20:38+12:00

Afirmo offers a range of digital marketing services including domain names, a logo builder and a website builder. These will help you get online quickly and at a price point that makes sense, and personalise your business stationery, including sales invoices and quotes.

Should I get business Insurance when I first set up my business?2023-05-25T13:21:12+12:00

Refer to our Insurance FAQ for Insurance related questions.

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