What are the New Zealand Company types?
There are various types of companies in New Zealand. The most common of these are listed below:
1. Limited Liability Company: This type of company is the most widely used and popular type of company. The owners of the company have limited liability for the company's debts.
2. Joint Stock Company (Public Company): This type of company is a public company and its shares are offered to the public. Owners' liability is unlimited.
3. Non-Profit Company: This type of company is a non-profit organization that operates for a purpose or target. It directs its income to its purpose and is controlled by its owners.
4. General Partnership (Partnership): This type of company is established by a partnership agreement between at least two people. An agreement is made between the partners regarding profit sharing and responsibilities.
5. Single Person Company (Sole Trader): In this type of company, one person is the sole owner of the company and makes all decisions. The owner's liability is unlimited.
6. Limited Partnership: In this type of company, there is at least one unlimited liability partner and at least one limited liability partner. The liability of unlimited partners is unlimited, while the liability of limited partners is limited to the capital they invest.
7. Joint Venture: In this type of company, two or more businesses come together and form a partnership to carry out a specific project or business. Partnership duration is usually limited to a certain period of time. For more information about company types in New Zealand, it is recommended that you consult official sources.
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