Orchestra is designed to meet all private companies’ legal requirements in New Zealand. This will range from companies with one investor to companies with thousands of investors. The requirements will vary from company to company, depending on their size, which Orchestra prices for accordingly. Smaller companies will benefit from Orchestra’s smorgasbord of additional tools, such as the storage of important company documents, document signing and investor communications. Larger companies will benefit from all of Orchestra’s tools, including the share registry aspect which simplifies the management of hundreds, if not thousands, of investors.
The main concern companies have is that they think they are too small to need Orchestra. Our answer has always been that it is far more beneficial to start being compliant early, so when you do become so big that you need to be compliant, you don’t have to chase your tail. When onboarding new investors to your share registry, it is essential to remember that the records you keep now will be the reference point for years to come.
Think of it as a car service: you might not like spending money on servicing the car now, but you would rather do it than spend 10 times the amount repairing the engine down the road. The same principle applies to your company’s share registry. If the documents, transactions and agreements that you maintain now are incomplete, incorrect or poorly managed, the problems will compound when you have to reconcile the information in a few years.
Spending the money on outsourcing your registry now to a reliable third party can save you thousands in lawyer's fees and several headaches down the road. This ensures that all past, present and future information will be stored securely, with a robust and transparent history of movements within a company.
Orchestra also offers attractive 'start-up' pricing, starting from as low as $20 per month to make this decision to get started easier.