When you setup your company, you’ll find a few questions about your business address details.
Below is an explanation of what you need to know when setting up your business structure or changing your business address details.
The virtual address is simply an address that you can state your business operates out of if you don’t need to have a real physical presence e.g.you run an online business.
A virtual office can offer options for mail collection, scan and email your mail and also office space and meeting rooms that you can use by the hour.
The registered office is the address is an address to receive correspondence.
Your registered address needs to be a street address. Now, the registered address does not need to be the same as your principal place of business but it cannot be a PO box address.
The registered office address is important and you’ll need to be able to access mail that gets sent to it. Its your official address for legal notices.
The business address may not matter so much if your business does not have a physical address.
If you want to indicate the location of where your business operates, you can rent a business address.
If you are on the road for whatever reason you need to make sure your registered office is reliable.
That is, whatever the address e.g. friend or family address or a paid registered office, that you are able to either have your mail physically forwarded to you or scanned and emailed to you.
Also, erring on the side of caution, it’s preferable if you can get both the physical option and the scan/email option.
If you travel overseas or just can’t always get to your mail, the options we discussed above can be purchased from businesses like registeredoffice.com.au. And no, we don’t get any kickbacks for mentioning them.
As always, get advice if you are in doubt.
Got questions or comments? Leave them below.
I wish you every success in all your ventures!