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Valued Member
jaicam5
Posts: 31
Registered: ‎06-15-2012

Virtual offices.....good or bad?

I'm a little confused on reading the forums about this subject. In regards to getting started with Net 30 accounts and the SOS articles, it is ok to have a virtual office or a physical location? Does it really matter?

 

I have already recieved my EIN but want to do my articles for my LLC this week. I ask this question because I currently reside in one state and want to start the business in another state. I will move to the business location next year but in the meantime I want to get started establishing the business credit. I want to do this right. If I get a physical location right now I have to remember that noone will physically be in the office. Thanks in advance.


>Starting Score: EQ 517 TU 514 EX 517 (5/15/2012) Bankruptcy discharge 6/2012
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Regular Contributor
princechristian
Posts: 203
Registered: ‎07-20-2012

Re: Virtual offices.....good or bad?

Virtual offices are just fine.. I obtained ALL my Net 30s using one. They generally have mail forwarding available too. PM me for my opinion on your best option.

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New Contributor
mmmagique
Posts: 82
Registered: ‎04-05-2011

Re: Virtual offices.....good or bad?

OP, if you haven't established the LLC yet, (which it sounds like you haven't) you don't have an EIN for it yet. You get a new EIN for every business entity you create. (you have to apply for them *after* establishing the entity) : )

New Contributor
Project17
Posts: 137
Registered: ‎11-21-2012

Re: Virtual offices.....good or bad?

[ Edited ]

Always use the actual address where you do business even if it is a home office.. initially with the standard net 30's it won't be a issue but as you move on it may be.

Common virtual office addresses raise flags with certain companies and can get your credit file flagged.

 

I should add if you can find a small local virtual office those are very good to use as long as they don't show up easily on Internet searches.. Or better yet start your own virtual address service.. It's not to hard to find a cheap office space for let's say a couple hundred dollars and sell the service for $50 per month and limit the amount of clients you will have even just 10 and your making $300 a month and you usually just forward the mail once a week.

New Visitor
businesscenter
Posts: 1
Registered: ‎03-03-2014

Re: Virtual offices.....good or bad?

If you are a Small Businessmen and don't have a Porfessional Adderss, pissed off managing documents, can't afford much in hiring Back Office Staff, then using services of any Virual Office provider will definitely help you in all sorts. But make sure about their authenticity. Unless they are authentic, there is no harm using their services.

Senior Contributor
Open123
Posts: 3,849
Registered: ‎02-23-2011

Re: Virtual offices.....good or bad?


princechristian wrote:

Virtual offices are just fine.. I obtained ALL my Net 30s using one. They generally have mail forwarding available too. PM me for my opinion on your best option.


+1

 

These days with all the technology available, a virutal office is the way to start and build a business.  Never hire or pay any employees until you absolutely must in order to expand.  The key in business has and always will be to minimize costs and spend ONLY if it leads to an increase in revenue.

 

Credit wise, most will understand and accept virtual offices as quite normal these days.


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