A series of amido phosphinimine ligands of the type [(NAr1)‐o‐(Ph2P=NAr2)C6H4]– (2a: Ar1 = 2,6‐C6H3iPr2, Ar2 = 2,6‐C6H3iPr2; 2b: Ar1 = 2,6‐C6H3iPr2, Ar2 = 2,4,6‐C6H2Me3; 2c: Ar1 = 2,6‐C6H3Me2, Ar2 = 2,4,6‐C6H2Me3), which are electronic variations of monoanionic β‐diketiminates, have been employed to examine the coordination chemistry of zinc. Alkane elimination reactions of ZnR2 (R = Me, Et) with H[2a–c] in toluene or ethereal solutions at –35 °C afforded cleanly the corresponding organozinc complexes [2a–c]ZnMe (3a–c) and [2a–c]ZnEt (4a–c). Deprotonation of H[2a–c] with nBuLi at –35 °C generated [2a–c]Li (5a–c), which may be isolated as either solvent‐free complexes or solvated adducts depending on the reaction solvents employed (toluene, OEt2, or THF). Metathetical reactions of 5a·OEt2 with Zn(OAc)2 in THF at –35 °C produced [2a]Zn(OAc) (6a). These amido phosphinimine derivatives all display solution Cs symmetry on the NMR timescale. The mononuclear nature of the three‐coordinate alkyls 3–4 and four‐coordinate acetate 6a was confirmed by single‐crystal X‐ray diffraction analyses. Interestingly, the alkyl complexes 3a–c and 4a–c are all active initiators for the catalytic ring‐opening polymerization of ϵ‐caprolactone, whereas the acetate 6a is comparatively inactive.