Thinking of starting a limited company?
You might want to start your own limited company, so clients or customers trust your work. Or, as a sole trader , you might believe your business would benefit from being limited .
You have probably looked up how to set up a company . Once you have established that you can use the company name of your choice, you may be wondering, "What address do I use for my business?" Read on to learn the difference between a business and registered office address — and how to register a business address.
If you’re starting in business or are a remote worker, you may not need an office. However, having an official company address is essential. The difference between a business address and a registered address and their roles isn't always easy to understand. So our experts have set out the main differences between the two.
Business Address
Registered Office Address
A virtual office address is a type of business address service available for companies to rent or buy. Despite what the name suggests, a virtual office address is an actual physical address somewhere — anywhere — around the world.
Virtual office spaces are found in almost all countries and major cities. They are genuine addresses you can use to register your business. A virtual office isn’t a proper office, though. While it is a registered address, it cannot function as a work environment. Consider a virtual office as a kind of PO box — but with a proper postal address.
Businesses such as Mint Formations can acquire property in locations like London to use as virtual office addresses. We allocate addresses to this property ( in a similar way to flats), which allow us to have multiple addresses from a single property. You can then “rent” these addresses from Mint Formations, allowing you to access this address without having to secure your own office space.
Company formation agents, like Mint Formations , commonly sell popular London business address services. Here’s how they work:
1. To Avoid Public Disclosure of Residential Addresses
People usually like to retain the privacy of their personal addresses. So buying a registered address is advisable as this means you won't have to publicly disclose your residential address, which you would if you registered from home. The public register lists all registered office addresses — and the public can view them. Buying a registered address avoids this problem.
2. Stop Unwanted Callers
Companies that carry out controversial or sensitive work — such as animal testing — may encounter protests or unwanted visitors. Unwanted visitors or unhappy clients could also turn up at your home unannounced. A separate registered office address prevents this.
3. Reduce Unwanted Mail
All of a company’s listed addresses generally receive a lot of junk mail. These addresses will often be the target of marketers and advertisers. While they can sometimes offer useful services, sorting through large amounts of mail can be an unwanted distraction. Having a registered office address can save those running a company the time and effort of sorting out what is spam and what is important.
4. Prestige
A well-known address — in central London, for example — could give your business prestige that increases the confidence of your suppliers and customers. It could even help improve business.
5. Business Owners without Residence in the UK
A company operating in the UK must have a UK registered office address. If you live abroad, a London office address can be a useful choice.
Are you ready to form your company? If you have any questions about business addresses or want to discuss your options,don’t hesitate to contact us.
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