Some options for offering shares.
The COVID-19 pandemic has paved the way for innovation, and many New Zealanders spent 2020 investing time and money into their new or existing businesses.
A recent decision by the Supreme Court highlights the consequences of breaching directors duties, even if the director believes they are acting in the best interests of their creditors.
With the change in alert levels, many businesses are now back fully operating, although we know there will be many still struggling with the ongoing effects
With more businesses returning to work as lockdown restrictions are eased, questions around the use of the 12-week wage subsidy are arising. One question we’d like to focus on here is around contractors who received the Wage Subsidy in a lump sum payment but who have since been able to return to work at Alert Level 3.
With the spread of Covid-19 across multiple continents, a contemporary endemic disease has seen the world experience its most recent pandemic. As at 3.30pm on the 16th of April the total number of confirmed cases of Covid-19 in New Zealand was 1,401.
There are a myriad of government measures to help support the business community while the rest of New Zealand concentrates on saving lives by observing the lockdown. The government’s objective is twofold. Firstly, to reduce the risk of businesses going under as well. Secondly, to maintain a healthy workforce so the business community can restart the economy once the restrictions are lifted.
On March 17, the Government announced a wage subsidy to support businesses affected by the Covid-19 crisis, particularly those struggling to meet their obligations to their employees. Here’s what you need to know about the wage subsidy.
