When you are starting a new business, you must think about the address carefully, since this will be required for you to receive most services including mail, a telephone line, and open a bank account. However many startups face challenges especially when they are using a residential address, or a postal address which are never the best choice for business purposes.
When you decide to use your immediate residential address, you will receive a lot of mail from B2B marketing companies, in an attempt to market their products and services to you. Additionally, some customers or clients may take advantage because they now know where you live and check in any time, including non-office hours. You will also need to list your business telephone numbers and addresses in directories for people to reach you more easily.
Depending on the home office location, delivery companies may have logistics challenges when delivering packages during regular office hours and probably miss on an important delivery. You may also face challenges with mortgage lenders since they will demand more from you when they find out that your office and home addresses are the same. It is notable that postal addresses are not acceptable to most lenders, they cannot be used to deliver parcels, and when you are getting business permits and licenses, you must have a physical address. (more...)