We offer fast, easy, online, professional and affordable LAQC company registration. Your company will be formed by highly qualified and experienced professionals to ensure that it is legally compliant, tax efficient, and protects your assets.

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A Guide to Forming an LAQC in New Zealand:

1. What is an LAQC?
2. What are the advantages of an LAQC?
3. Who can form an LAQC?
4. How do I do form an LAQC?
5. How much does it cost to form an LAQC?
6. What will I receive when I register an LAQC?

1. What is an LAQC?
LAQC stands for loss attributing qualifying company. It is a company that has elected to pass on any losses it makes to its shareholders.

2. What are the advantages of an LAQC?
The shareholders can offset the loss against their other income, effectively reducing their income for tax purposes, resulting in lower provisional liability or a refund of PAYE (pay as you earn) tax.

3. Who can form an LAQC?
Anybody can form an LAQC provided that the following criteria are met:

• Must not be a foreign company
• Must have fewer than 5 shareholders
• All shareholders and directors must have elected that the company become an LAQC
• The directors must have elected to become personally liable for their share of any income tax not paid by the company
• All shares in the company must carry the same rights

4. How do I do form an LAQC?
It is easy to form a loss attributing qualifying company (LAQC). You can apply online in as little as 5 minutes. You will need a physical address in New Zealand (this can be your residential address) and be willing to give your consent to act as a director and shareholder in the company. You can pay by direct credit, credit card, or cheque.

5. How much does it cost to form an LAQC?
The fee for LAQC formation is $399 NZD (includes GST and delivery).

6. What will I receive?
When you register an LAQC with us you will receive the following:

1. Certificate of Incorporation
This is the founding document of your company.

2. Registration with Inland Revenue
We will help you get to grips with your tax obligations. You will receive the appropriate Inland Revenue forms for LAQC registration, IRD number application, GST registration, and employer registration. A prepaid envelope is included.

1. LAQC registration
   You will receive a form which enables you to elect to be either a qualifying company or a loss attributing qualifying company (LAQC).
2. IRD number application
   When setting up in business you need an IRD number. This number is an 8 digit number which then becomes your business identification number the IRD know you by.
3. GST registration
   You must register for GST if you expect your turnover (sales and income) to be more than $60,000. But there are good reasons to register for GST even if your turnover is under $60,000. The most important is that you will be able to claim back the GST on all your business expenses that have a GST component.
4. Employer registration
   As soon as you start employing one or more people, you must register as an employer.

3. Comprehensive Company Folder
All companies are required to produce a variety of company records under the Companies Act 1993. Many companies offer LAQC registration, however, if they do not provide you with the mandatory company registers your company will be operating illegally and you could face fines of up to $10,000!

The company folder you will receive from CompanyFormation.co.nz fully complies with the statutory register requirements of the Companies Act 1993. It should be kept at the Registered Office of your company. Our company folder is one of the most comprehensive available so you can start your business with confidence.

All documents are personalised with your company name and number, and are organized in a professional, corporate folder, facilitating easy access to your documents.

1. Certificate of Incorporation
   This is the founding document of your company.
2. Company Minutes
   We will prepare the opening minutes for your company (required by law). We will also provide you with blank forms so that you can easily and professionally record the minutes of all future directors' and shareholders' meetings.
3. Sample Resolutions
   Sample resolutions are provided if you decide that you do not wish to hold annual meetings or appoint auditors. 
4. Company Registers
   You will receive company registers required by the Companies Act 1993:
   1. Location Registers
      Registered Office, Address for Service, Address for Communication
   2. Share Registers
      Register of Share Transactions, Register of Shares Issued and Payments Made, Register of Share Transfers, Share Register, Register of Share Certificates Issued, Share Certificates
   3. Register of Directors
   4. Directors' Interests Register
      Directors' Interests Register - General Disclosure of Interest, Directors' Interests Register - Specific Disclosure of Interest, Disclosure of Information, Acquisition or Disposition of Relevant Interest, Disclosure of Share Dealings by Directors on Reregistration, Payments or Benefits Received by Directors, Register of Directors' Certificates
   5. Other Registers
      Directors' and Employees' Indemnity and Insurance, Register of Charges, Register of Documents Sealed, Register of Documents Executed Equivalent to Deeds, Register of Statements of Rights Issued.

4. Information CD for Company Directors
This CD will help provide you with the information you need to run your business smartly and effectively.

1. Getting started
2. Marketing
3. Managing your finances
4. Taxation
5. Maintaining your company records
6. Getting help

 » Form an LAQC now