Do You Need a Business Address When Setting up an LLC?
Did you know that there are around 32 million small businesses operating in the United States of America? Starting a business is a complicated task, especially if you want to separate your personal assets from your business assets. Starting an LLC holds a lot of appeal to entrepreneurs since this route offers great protection if the business should end up failing.
A big hold-up that many potential business owners run into is the business address that they plan on using. This isn’t a big deal unless you plan on setting up an LLC for your business needs.
The good news is that you’ve found the perfect guide to get the answers that you need about business addresses when you’re running an LLC. Keep reading to learn more today!
Reasons to Have a Business Address
If you plan on starting a business in the next year then it makes sense to take the proper steps to protect yourself and the company that you’re building. While having a virtual business address is a great option, having a physical address offers a number of benefits that could make your life as a business owner easier. Here’s a closer look at why you need a business address.
Trust
A major reason why many businesses choose to have a physical address for their business is the fact that it creates a sense of trust with your target audience and customer base. It shouldn’t come as a surprise that some customers will avoid purchasing from a business that doesn’t list an address or that only lists a P.O. box as the business address.
There is a fear that a business that doesn’t have a business address could disappear without a trace. No one enjoys getting scammed, and the lack of an address is a big red flag. Offering a physical address when starting an LLC will allow your customer to feel safe and secure when making transactions with you.
Professionalism
Another reason why businesses need to have a business address when setting up an LLC is the professionalism side of things. The fact is that many small businesses are run from the home of the owner. Sadly, many businesses and customers look down on small businesses that get run from the owner’s home.
Having an address for your LLC will shake that preconceived notion of what your business is when you’re looking for new customers or clients. Having a virtual business address or a physical address will dispel that image of someone sitting at home in sweatpants running a business while still getting web access to postal mail.
Meeting Place
The business address that you list for your startup will also provide a meeting place for other businesses that are interested in working with you. Having a location where you can meet with potential clients will foster a feeling of goodwill and trust between both parties.
Steps to Take for a Business Address
You have plenty of options that you can use if you’re set on starting an LLC and setting up a business address or a registered agent. You will need to set some money aside to cover the expenses of these options, but they’ll allow you to start your business and list an address on your website.
Here’s a closer look at your best options for business addresses.
Virtual Office
A virtual office makes a lot of sense if you’re running your startup from the comfort of your own home. They are synonymous with a virtual address, and they make it easy for you to set up your business while maintaining your privacy and security in your home. You will gain a mailing address that looks professional to your customers and potential clients.
You can also get receptionist services and meeting spaces for meeting with clients when you need a business spot. It’s a great alternative to using your home address for starting an LLC.
Mailbox Services
Another viable option that you can use when setting up a business address is to use mailbox services at places like the UPS store. This is a great alternative to using your home address if you’re looking to start a successful business. It’s also a great option if you’re looking to ship your goods to your customers since you can get that service through a business like UPS.
Coworking Spaces
Coworking spaces work in a similar manner to a virtual business address and they’re a great way to create a space where you can meet and entertain clients. Coworking spaces offer offices that you can rent as well as conference rooms where you can pitch your products to other businesses and customers.
You can make use of the physical space and gain access to high-speed WiFi for your business operations. It will also provide a professional address that you can list on your website to add credibility to your business operations.
Registered Agent
Hiring a registered agent makes a ton of sense if you plan on starting an LLC. It’s the best option if you want to set up an LLC while running your business out of your home since it meets all of your legal requirements. You can appoint a member of the LLC to serve as the registered agent.
It’s important to remember that you cannot use a PO box as a business address if you start an LLC. A registered agent will allow you to start your LLC without making your home address public. Find a local attorney that is willing to act as your registered agent if you want to move forward with building a powerful LLC.
Now You’re Ready to Choose a Business Address
Having an understanding of what it takes for starting an LLC will help you to determine the best path to take for your business address. Using a virtual business address will allow you to continue operating from home while providing more trust and credibility to clients. You can also hire a registered agent to represent your LLC and remain compliant with all legal requirements.
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