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Legal requirements
In many jurisdictions, businesses are required to have a physical address in order to register for a business license or other legal requirements. For example, in the United States, limited liability companies (LLCs) and corporations must have a registered agent, who must have a physical address in the state where the business is registered.
Meetings with staff
If you have employees, you may need a physical address to hold meetings and provide a workspace for them. This is especially important if you have a team that works together on a regular basis.
Meetings with clients
If you meet with clients face-to-face, you will need a physical address where you can meet them. This could be a traditional office space, a coworking space, or even a coffee shop. Having a physical address can make your business more professional and credible in the eyes of your clients.
License requirements
Some businesses, such as real estate brokers, are required to have a physical address in order to obtain a license.
Visibility
Having a physical address can help to increase the visibility of your business. For example, if your business is listed in local directories or online maps, your physical address will be displayed. This can help potential customers to find your business.
How to get a physical address
There are a number of ways to get a physical address for your business. Some of the most common options include:
Differences between coworking, mailbox services, virtual mailboxes, and executive offices
The following table summarizes the key differences between coworking, mailbox services, virtual mailboxes, and executive offices:
Feature | Coworking | Mailbox service | Virtual mailbox | Executive office |
---|---|---|---|---|
Physical address | Yes | Yes | Yes | Yes |
Office space | Yes (shared) | No | No | Yes |
Amenities | Desks, meeting rooms, Wi-Fi, etc. | None | Mail scanning and forwarding | None |
Price | Varies | Varies | Varies | Varies |
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