How To Choose Your Business Address
How To Choose Your Business Address
I’m Gina Bongiovi, and I’m a lawyer who works with start-ups and small businesses. In this video series, I’m walking you through the steps on how to start a small business in Las Vegas. We already covered naming your business so if you missed that video it’s on the link below the like button. Now we’re going to talk about how to choose your business address.
This seems like a silly issue, but it can actually have some ramifications.
You want to keep in mind the business address you register with the secretary of state is public record. If you’re doing anything that you might have people who don’t really like you very much, you might not want to use your home address. You can use a P.O. Box for the secretary of state site which is where you would register your LLC or your corporation. That’s fine.
However, once you get to the point where you are registering for your local business license with the city of Las Vegas or Park County or North Las Vegas some of those jurisdictions will not license businesses that list a P.O. Box. You actually have to have a physical address instead. The county sometimes will license businesses at a P.O. Box, sometimes not. It depends on the business category. You either want to double check that before you determine what your business address is going to be or just choose something that has a physical address. You don’t necessarily have to have a physical office. We have other solutions here in town that are less expensive, especially for start-up businesses.
What I really like to promote to my clients is virtual offices or executive suites. Instead of having, I tell my clients that having a physical office is kind of like inviting people to a wedding because you have your base rent. You have your cans, which are the sort of shared expenses, liked your homeowners dues. You need to insure your business. All of the equipment in your business. You have to put computers in there. You have to have utilities, internet, phone, blah, blah, blah, hiring a receptionist to be there when you’re not there. The expenses of having a physical office go from your base rent with all of these add-ons.
In the alternative, you can do something like one step down, which is an executive suite, where you have a physical office, but you share reception services and things like that. Or you can go one step even less expensive, which is a virtual office, which is a physical building that allows you to hang your license. Sometimes you can use their reception services. They will have physical offices in there that you can grow into, and that’s the point. That’s what I really like about virtual offices, especially for start-ups, because you have the ability to hang your license somewhere with minimal overhead. Then you can grow into the services they provide. You start with $75 or $100 a month to hang your license. You get a physical address so you’re clear with all the jurisdictions to get your local licenses. Then once you grow, you can start using their reception services.
You can start using their secretaries. You can start using their transcription services.
Once you get all that handled, then you can start growing into a physical office. The other good thing about a virtual office is that through this entire growth process, you don’t ever have to change your address. You don’t have to pay the filing fees with the secretary of state to update your address, or the city, or the county. You also don’t have to change any of your marketing collateral. That’s one of the benefits that I see of a virtual office. Make sure that you choose a good physical address for your business. Pay attention to the jurisdiction and explore the possibility of a virtual office. Thank you for watching. If you like this video, please click the like button, and stay tuned for the next episode.
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