Friday, February 25, 2022

Picking Your Business Address and Location


Picking your business address location is a strategic decision. The state, city, and neighborhood you choose to set up your business will determine taxes, permits, licenses, zoning laws, and state and federal regulations. 

Home Address

Using your home address as your business address will work for some types of industries. For example, if you are in a service industry, such as a hairdresser or personal trainer, it may not be feasible to conduct your business from home unless you have a separate space for the business. However, if you’re a freelancer or consultant, it may work well for you to use your home address. I did when I formed my LLC and then decided to add a co-working space to meet with clients and receive mail, packages and faxes. 

Another important aspect to consider about using your home address is that it won’t be able to protect your privacy. If you care about protecting your personal information, a home address is not the best business address option. 

PO Box

You can rent a PO box in 3 easy steps. Before signing up, there are 5 reasons for renting a PO box you might consider. It is an option if you’re concerned about your home address being made public. However, if you run an LLC, corporation, or partnership, a PO box is not accepted. 

Commercial Business Address

You can use a commercial business address to register your LLC or corporation. The requirement is a real street address, not a PO box. 

You can use these options for your commercial business address: 

Virtual Mailbox - This gives you a real business address to receive mail and packages. When you receive mail, it is scanned and sent to you digitally. You’ll get real-time notifications when it is processed in your online mailbox. Then, you log in and decide whether to forward, recycle, or trash the mail.

Coworking Spaces - These are shared spaces in an office building used by individuals or a team. They provide access to amenities such as meeting rooms, open collaboration spaces, work desks, and more space than your home, but without the corporate atmosphere of a traditional office.

Private Mailbox - These are rented mailboxes from a Postal Annex, UPS Store, PostNet, or located somewhere in a retail center. Your mailbox will be linked to that address, so it still provides you with a physical address.

Commercial Office - Commercial property can be land, property, or facilities that are either zoned for or used exclusively for business purposes.

Virtual Office/Business Centers - A virtual office gives businesses a physical address and office-related services without the overhead of a long-term building lease and administrative staff.

Think about your choices carefully before deciding. 


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