Acorn Heroes

Becoming a liability (but just a limited one)

by on May.14, 2009, under Setting up

Sam and I find ourselves relentlessly marching towards becoming grown ups one day.  Some would say that having children, wives and mortgages would do the trick, but it hasn’t yet.  But the latest step has been for us to create a company for our iPhone work.  So Acorn Heroes has now become Acorn Heroes Ltd, a limited liability company.  We’re still getting to grips with what this means, what we pay for and what the company pays for, but to date it’s been a remarkably easy process.

Setting up a company in New Zealand is a simple process.  There’s a useful (though not particularly pretty) web site that guides you through the whole process.  The site guides you through a bunch of steps; reserving the company name, nominating contacts / directors, allocating initial share parcels, getting a tax number and of course paying your NZ$160 bozo filter.  At the end of it you get a Certificate of Incorporation that you can print out and use to bolster your ego and impress your friends.  It was all done in about half an hour, and the only thing you need is your tax numbers.

We wanted to get the company up and running before we joined Apple’s Developer Program, as we’ve heard that starting with a personal license and migrating it to a company one is a real pain.  Once we had a company registered, the next step was to see the nice people at KiwiBank to sort out a bank account.  Once again, it couldn’t have been easier, and now we have a business account that can accept all the millions we plan to make – or at least enough to help cover getting a new stove.

Our enrolment in the Developer Program is underway, a process which is apparently taking up to six weeks at the moment.  No doubt there’s a blog post to come from that process too!

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