Privacy-for-business
Using Virtual Addresses and Privacy Strategies for Business
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Overview
This wiki page serves as a resource for members interested in enhancing privacy and managing business registrations through the use of virtual addresses and other strategies. Here, we discuss considerations, solutions, and services that can assist in walling off personal information from business entities.
Virtual Addresses for Business Registration
Benefits of Virtual Addresses: - Allows businesses to keep their personal addresses private. - Provides a legitimate mailing address for receiving business correspondence. - Often necessary for registration of businesses where physical addresses are required.
Popular Virtual Address Services: 1. UPS Store Addresses: Provides mail handling and forwarding services but may have limitations on use for business registration. 2. Anytime Mailbox: Offers a variety of locations and services, including mail scanning and forwarding, but be aware of potential fraud flags when signing up with certain devices or VPNs. 3. America’s Mailbox: Geared towards RV owners and others needing a reliable physical address, offers mail forwarding and scanning services, typically costing around $300 per year.
Incorporating Privacy into Business Structures
LLC and Entity Formation: - Creating an LLC can provide a separation between personal assets and business liabilities. - Using services like Anderson Advisors can streamline the process of entity formation and compliance, handling state and federal registrations and renewals.
Cost Considerations: - Initial setup costs and ongoing maintenance for virtual address services and LLC formation vary. Ensure to budget for these expenses ahead of time.
Legal Advice: - Consult with an attorney to understand the full implications of using virtual addresses and forming an LLC, ensuring all legal requirements are met.
Additional Resources
Anderson Advisors - Entity Formation and Compliance Anytime Mailbox - Virtual Mailing Solutions
Tips from Community Members
Explore all options before settling on a virtual address provider, considering factors like cost, services offered, and specific business needs.
- Ensure your business banking and website are set up prior to registration with services like SAM (System for Award Management)
Questions from Community Members
Q: Is the renewal with Anderson? 1500 annually? A: It is not, $150 for me but depends on what services you want, you get access to their lawyers and can ask legal questions. I’ll use them for this year and break away to manage myself. I set up everything with them and registered on SAM and now have won several SBIRs so now in position to hire some help.