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The only checklist you need to start and scale your NZ startup. Verified, actionable, and built for founders.
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Proprietary Founder Checklist, with Verified Sources (April, 2025)
1. Decide on Your Business Structure
Choosing the right legal structure is critical to your startup’s foundation. In New Zealand, most founders choose a limited liability company for its scalability, tax efficiency, and investor preference. Use this step to formalize your business and align your structure with your growth ambitions.
2. Secure NZ IRD Number & Tax Registrations
Before trading, you must set up your Inland Revenue number and assess if you need to register for GST. If your revenue will exceed NZD $60,000 annually, GST registration is mandatory. Confirm any employer obligations if you plan to hire (PAYE, KiwiSaver).
3. Legal Compliance & Governance
Establish your legal foundation with formal company registration, governance records, and agreements. A shareholders' agreement, while not legally required, is highly recommended to set clear rules between founders and protect long-term interests.
4. Visa & Immigration (If Applicable)
If you’re an international founder, check eligibility for Entrepreneur or Investor visas. Ensure your business plan aligns with visa requirements, and engage a licensed immigration adviser if needed to navigate the process confidently.
5. Open a Business Bank Account & Set Up Payments
A dedicated business bank account keeps your finances clean and investor-friendly. Set up Stripe or similar payments infrastructure early to ensure you’re ready to accept payments from day one.
6. Set Up Accounting & Record-Keeping Systems
Build a scalable accounting system from day one. Use cloud tools like Xero or MYOB and ensure you’re tracking GST, income, and expenses correctly for compliance and future due diligence.
7. Post-Launch Compliance & Scaling
After launch, stay disciplined with your tax filings, compliance, and growth strategies. Use this stage to explore new markets, raise capital, or prepare for eventual acquisition.
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