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Legal Forms of Companies

Sole Trader or Proprietorship

Number of partners: One natural person
Capital (max/min): No minimum capital required
Shareholders and liability: Liability is unlimited

Limited Liability Company

Number of partners: Minimum 2. No limit. Under the Companies Act 1993, there must be one or more shareholders and directors (who can be the same person).
Capital (max/min): NZD 1
Shareholders and liability: Limited to the amount of share capital subscribed  

Trust

Number of partners: Minimum: 1 trustee
Capital (max/min): NZD 1
Shareholders and liability: Trust property

Limited Liability Partnership

Number of partners: Minimum: 2 with (one general, one limited); no maximum.
Capital (max/min): No minimum capital required
Shareholders and liability: Limited partners only liable to the extent of their contribution to the partnership. Joint and several liability for general partners.

Business Setup Procedures

Source: Doing Business - Latest available data.