Why Set Up Limited Partnership New Zealand?
Why Setting up partnership New Zealand ? A limited partnership is a company structure with separate lawful personality (similar to a company) which provides limited liability to investor partners. A limited partnership has full ability to carry on or commence any trade or activity, do any act, or enter into any transaction, both within as well as outside New Zealand. On the other hand a limited partnership has pass-through tax treatment in New Zealand, which signifies the tax results of the partnership's activities flow straight to the investor partners. There is no split layer of corporate tax. Set Up Limited Partnership New Zealand Partners in a Limited Partnership Any individual (legal or natural) may be a partner of a limited partnership. A partnership underneath the Partnership Act 1908 or else an overseas limited partnership registered under the Act may also be a associate. To set up limited partnership New Zealand must have at least one universal and one limited p...