3 Factors to Consider Before Choosing an Address for Your Registered Office
Starting a business is an exciting time for young entrepreneurs and upcoming business people, but there are many things you need to consider before choosing a registered office. Most importantly, you need to consider acquiring investment, having a business model, and how you’re going to cater to your intended market. However, after accomplishing these big goals, you may need to divert your attention to other things that will make up the success of your business.
Of all factors to consider, choosing an address for your registered office may end up being a big deal in the eyes of your customers and brand image. Here we look at some of the deciding factors that go into choosing an address for your company and how it may impact your business.
1. Brand Image
As a growing business, a lot can go wrong if you’re not careful when building your brand image and establishing yourself in the larger market. Contrary to popular belief, your brand image is not the image of your company you’re trying to portray; instead, it is the public perception of how your market views you.
Choosing an address for your registered office which doesn’t align with your business may impact how people view your brand. At the end of the day, it’s all about location. You want customers and potential investors to take you seriously. For example, if the choice of your address requires residents to be inconvenienced through traffic or other congestion issues, it could portray your company negatively. It will make people think you only care about your own interests instead of those of the community.
Perhaps the most important factor in choosing an address for your registered office is how accessible it is for customers and investors. For example, having your office located on the outskirts of the population center may require customers and stakeholders to plan out their journey because it might take a while to get there. Look for convenient office spaces that maybe aren’t located in crowded commercial districts but certainly close enough to the city center for easy access by all parties. Alternatively, if you are located deep in the heart of an urban center with the scarcity of parking and poor public transport, that could also provide transport obstacles to those trying to reach you.
3. For Legal Purposes
Depending on the type of company you’re registering, you may be required by law to run your operations within the state. In this case, you have no other choice but to run your operations from a specific location. However, this gives you free rein to choose from several different markets and their proximity to your office. This way, you can control your operations much more effectively. If your markets lie in some other state, you can look into regional offices or even franchising to boost your business; however, taxation laws for both states will then apply.
Choose Aadmi for Setting up Your Business
Starting a business can be a daunting task for most people considering all you have to deal with. Aadmi’s unparalleled service into corporate establishment reaches beyond borders and helps you cement your business in foreign markets. You can even take advantage of our corporate maintenance services, allowing you to focus on business needs while improving compliance. Contact us today to learn more about our services and how we can add value to your business.