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LETS GET DOWN TO BUSINESS.

Question :
What is the best structure for a new business to provide agronomy services? This is soil testing from an indigenous perspective of a recycling position ie. composting not using fertilisers, soil quality and making it better to ensure no soil erosion, water ways degradation etc. higher yield of product, more healthier products and also communal benefits with future employment opportunities. Also are there any funding options? Thank you.

Question submitted 17/08/20 @ 10:21am
Industry: Primary Industry
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  • Hi there – good question. Structure could be a range of options, from self-employed in your own name or under a partnership structure or a limited liability company. When you are early in the business, there is no issue with keeping things flexible, unless you are super convinced that you know your market, know the opportunity and are convinced with forward work that this is what you will be doing for the next few years. In which case, typically the easiest is to set up a Limited Liability Company – just google that, it is super easy to set up in NZ and you can largely do it yourself.

    Regardless of structure, you will need a name, brand to sell/position in the market.

    In terms of funding – there are not that many out there unless you are currently unemployed and/or on a benefit – check this out – https://www.workandincome.govt.nz/products/a-z-benefits/self-employment-start-up-payment.html

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