Do anyone know whether a correspondence address can be used for business registration instead of a permanent address?

Pro tip: If you use a virtual office for tax purposes, make sure it doesn’t trigger “nexus” issues in states with high taxes. Some places might consider your virtual address as your tax base and hit you with extra taxes.
I am trying to register my company but I don’t want my real address to link for all the bills, legal notice, parcels, or mail. So, can I use a correspondence address or do authorities demand a permanent address.
 
Pro tip: If you use a virtual office for tax purposes, make sure it doesn’t trigger “nexus” issues in states with high taxes. Some places might consider your virtual address as your tax base and hit you with extra taxes.

Yup, especially California and New York. Even if you don’t live there, just having a “business presence” via a virtual office can screw you.
 
Yup, especially California and New York. Even if you don’t live there, just having a “business presence” via a virtual office can screw you.

This is why I incorporated in Wyoming. Low taxes, no personal info published, and no BS “economic nexus” rules.
 
At the end of the day, using a virtual address is fine for most things, but you’ll still need a real address for certain legal and banking purposes. Just don’t be that guy who ignores official mail and then panics when their company gets dissolved.
 
At the end of the day, using a virtual address is fine for most things, but you’ll still need a real address for certain legal and banking purposes. Just don’t be that guy who ignores official mail and then panics when their company gets dissolved.

100%. If you’re gonna use a virtual address, make sure someone actually checks it. Don’t be the guy who gets audited and realizes all their IRS letters went unread.
 

Users who are viewing this thread

Back
Top
[FOX] Ultimate Translator
Translate