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View Full Version : Creating your own Fund In New Zealand



Dazza
16-02-2011, 06:26 PM
Hey guys,

just been pondering about business ideas and i thought i might go out and create my own fund?

This is pretty much how warren buffett started, he just got together a few people, started a PARTNERSHIP , took 25% of all profits.

What are the implications of doing this in nzl?

Eg ill put my own lets just say 50k in the partnership, ill take onboard $10k lots up to a maximum of $200k per say.

It is done as a partnership, with myself calling the shots, rules would be simple - cannot take money out etc etc.

I know if i create a 'fund' as such - there are legal implications and tax implications etc etc.

If i create a business as such that is done as a partnership, would this essentially side step all the legal implications of a 'fund' or mutual fund.

Thoughts apprecaited thanks

CJ
16-02-2011, 06:48 PM
Limited partnership would work well.

I think you can only offer to family and sophisticated investors, otherwise a prospectus is needed.