New Zealand Law
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If you want to offer shares then there are very heavy requirements under the various statutes which govern the issue of financial services. I would not recommend raising money in this way because of the initial cost and the ongoing compliance costs.
Anyone offering financial products for sale needs to comply with financial markets legislation. The Financial Markets Conduct Act 2013 (FMC Act) defines these people as issuers and other offerors.
There isnt any real way to avoid the effect of this legislation. AS soon as you start to offer to the public you need to comply
Issuers are people who are involved in first making a financial product available. For the legal definition see section 11 of the FMC Act. They include:
I think you should definitely seek expert advice on this issue. What you propose is not a small float because of the number of shareholders, as you realise. The cost of compliance would likely eat a fair percentage of the money raised