When you are first setting up your new company, the process can be confusing. You have to give many details and ensure that you follow the rules. In particular, business owners get confused when it comes to addresses. Specifically, they believe that a registered office address and a business address are the same thing. In some cases, they can be. But, they have different means, which causes confusion.
For example, people ask whether it is compulsory to work as a registered office address since it is a legal requirement. This guide is going to answer this question once and for and clear up misunderstandings
What is a Registered Office Address?
First, it is important to understand what a registered office address is. This is going to help with all the confusion and put things into perspective. Essentially, a registered office address is the official address of your company. This is going to be available on Companies House and it is required by law when you are creating a company. The registered office address should be in the same country as your new business. It is where all of your mail will be directed from organisations such as HMRC and Companies House.
A registered office address can be anywhere you want. For example, this could be:
- An owned office building
- A leased office building
- Your residential home
Some people decide that they want to use a virtual office as a registered office address. Indeed, this is something that is allowed and it can mean acquiring an impressive location that your customers associated with your business. For example, W1 Virtual Office provides a registered office address service London. This allows you to gain an impressive address in Mayfair, which is what will be displayed on your website and where your mail will go to. Check out their website if you want to learn more about this popular service.
Do You Have to Work at a Registered Office Address?
We have touched upon the fact that having a registered office address for your company is a legal requirement. But, the big question is, do you have to work at this address on a permanent basis? The answer is no. This is not something that is compulsory and it will be up to you whether you are working from a registered office address or another location. So, know that there is no obligation for you to do this. You can choose another business address where you want to carry out tasks from.
For example, some people choose to have a registered office address in an impressive area of the country. For example, they have a virtual office in London. This allows your customers to be impressed by the fact that their address is in the capital city, which is known for being a commercial hub. But, they have the freedom to work from another area where it is easy for them to conduct business. For some companies, they have the opportunity to go fully remote and employees can work from home.
Should You Care What Your Registered Office Address Is?
The answer to this question is yes. You always want to select your registered office address carefully. It can be a reflection of your business, and this is why you do not want to choose any old location. Here are some reasons to be mindful of what address you choose.
It Can Impress
Customers do thorough research before they buy products from a new company or use its services. They do not rely on things like price anymore and will not dive into a purchase. Instead, they will research you and make sure that you tick all of their boxes. One of the details they will look at is your address. They want to know where you are located and whether this is a place they like.
This is one of the most important reasons to select a registered office address carefully. You do not want to waste their opportunity to impress. Indeed, you can select a city that is known for certain industries or prestigious. Then, customers get a positive image of your company in their heads.
It Can Create Trust
Using the right registered office address can create trust between you and a customer. They can know that you are from a good part of town or somewhere that businesses are known for. For example, if you are using a residential address, this can look unprofessional. Customers might question whether you are a legitimate business. Therefore, do not pass up on this opportunity to create trust. They could be a loyal customer for life.
You Will Receive Mail There
Let’s not forget practical things like your registered office address receiving your mail. They are going to get all of your packages delivered there since this is your official address that people know. So, you want to make sure you choose a location that you are able to visit. Indeed, you will have to pick up that mail. Alternatively, you need to choose a provider that can forward the mail to you. This can be an additional service you need to pay for. But, it can allow you to select the allocation you like.