What Address To Use For A Limited Company (LTD) - Explained In 60 Seconds #BusinessAddress

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What address should you use for a limited company? Here’s what you need to know in under 60 seconds…

#shorts #UKbusiness #businessaddress #limitedcompany

What is a business address?
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A business address is the location of where your business is based. In most cases, it’s where you are physically operating your business from – but there can be some exceptions to this.

There are three main types of addresses…

Registered Office Address
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This is the address of your business that is registered with Companies House. It will be used for government bodies to send communications to, such as Companies House or HMRC. This address will be publicly displayed on record at the company house and must be legally shown on your website and stationary.

Individual Service Address
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This is the address of a company officer (a director, company secretary or shareholder) designated to receive government mail, such as communications from Companies House or HMRC.

It will be publicly displayed on record at the company house and must be legally shown on your website and stationary.

Business Service Address
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This is the address where all general business mail will be received, such as communication from banks, suppliers and customers.

It is not needed to set up a limited company or LLP, won’t be available to the public record at Companies House and isn’t a legal requirement to list on websites or stationary.

Why Do You Need A Business Address?
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You need a business address to set up a limited company or LLP. It is required as it will be where all your official communication is sent.

By law, your Registered Office must be:

- A physical address in the UK;

- In the same country your company is registered in, for example, a company registered in Scotland must have a registered office in Scotland.

- Your company address will be publicly available on the online register and cannot be removed, so think carefully about whether you want your home information made public before you decide on what could be used as your Registered Office.

Instead of a Registered Office, you can submit a service address of:

The person who will manage your Corporation Tax – you must get their permission first;
A company formation agent who will give you an address to use.

This needs to be in place before you can register your company.

Should I Use My Home Address?
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The answer to this question is up to you and the people that you live with. There are both pros and cons to using your home address as your Registered Office address.

Firstly, using your home as your Registered Office is the cheapest and quickest solution on offer. If you want to get set up fast and want the convenience, then this is a definite option for you.

However, using your home address as a Registered Office address comes with many downsides that you need to be ready to accept, such as:

- Having details of where you live being publicly available on the Companies House, which means that customers (good and bad) will be able to knock on your front door at any time of day.

- You’ll be opening up your home to a number of cold callers and sales pitches. So, get ready to accept that your phone will be ringing almost non-stop and your letterbox will be full of flyers and leaflets among your official government communications.

- Your reputation will suffer. Having a residential premise as your Registered Office will look amateur and unprofessional to some, which could cost you customers and perhaps even get it refused from bank loans and services like Google My Business, CheckATrade, etc.

Unless you live alone and are totally fine with the above, it’s recommended that you don’t use your home as your Registered Office.

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DISCLAIMER: The information contained in this video is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk. Always consult with a qualified professional for advice tailored to your individual situation.