Starting a new company requires focus, an unwavering desire to build a scalable brand, and a credible business image. An excellent place to begin your brand building is in choosing the right location for your business premises. When you start a company in the UK, you’ll need to give it a temporary registered office address. This ensures that your business can’t be held liable for personal debts and can’t be shut down as soon as it begins operating. In addition, you need a registered office service to enhance your corporate image and immediately start raking in the profits.
What is the significance of a registered office address?
It’s a legal requirement for all UK companies and partnerships to have at least one registered office in the UK.
Registering an office address not only allows you to inspect your company’s statutory registers, but it also lets you receive legal documents from various government entities, like HMRC, Companies House, etc. Your registered office address can be in the same area as your principal trading activity. However, it must be a complete, physical postal address within the UK.
A registered business address can be both a residential and non-residential address. Many people use the latter option to keep their homes private. An official address of a company is part of the public domain. Most people prefer not to display their residential address for the world to see.
A credible formations company will make sure your business stays on the right side of the law. They’ll also provide you with an address for your registered office, which is mandatory for all limited companies.
Why do limited companies need registered office addresses?
In the UK, you must have a registered office address to start or run a private limited company because registered office addresses are required under UK Company Law. Corporate transparency aims to make it easy for the public to find out where your business is based. As long as it’s within the same part of the UK jurisdiction, there are no legal restrictions on where you establish your company.
Registered office address for a limited liability partnership company (LLP)
Similar to a private limited company, Limited Liability Partnerships must also have a registered office address located within the same UK jurisdiction to where the partnership is incorporated.
Using home address as registered office
Although you’re allowed to use your home address as the registered office address, it’s not mandatory or recommended. A separate registered office address is far more professional and helps to keep your home address private.
Following are some of the better reasons that may disabuse you of registering a residential address for your office;
- Using a residential address means that anyone can find out your business details.
- Registering a business in a prestigious location can help you attract customers and investors.
- A professional office address can contribute to your company’s credibility. It gives an air of professionalism.
- Having a separate business address is an excellent way to keep your work and personal lives separate, especially if you live with family or friends and don’t want to worry about other people seeing your mail.
- Companies with a registered office in a large, renowned city have a much wider geographical reach than companies based in small towns or remote areas