Legal and Employment
When buying a business what business structure will you use? Your business structure needs to be carefully planned and customised to your needs. You will also need to gain a good understanding of the consumer law that governs your business. In NZ your employees will be covered by the Employment Relations Act (2000) and other legislation, what will this mean for your business?
When people decide to start or buy a business, they generally do so in one of three ways: as a sole trader, in partnership, or through a company.
The dynamics and stresses involved in the ownership of a family business are unique. Therefore the structure needs to be very carefully planned and customised for each individual family circumstance.
Are you looking to buy a business? Have you stopped to think about whether you want to employ some or all the existing employees?
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