Coworking can be a really very convenient work format for a young business. But before choosing to place your team in a regular office or in coworking, it would be worthwhile to understand which is better and what are the advantages.
Residents of coworking can, in fact, take advantage of an additional service - the provision of a legal address. The legal address, according to the law, is the location of the elected sole or collegial executive body of a legal entity.
It is at this address that any government agency (primarily the tax offices) and your contractors can contact you. In connection with this, a legal address may be needed by individuals who have decided to register a new company, open a startup, or by an existing legal entity in the event of a change of its current location.
In the first case, when registering a company, an individual is obliged to make a decision on creating an organization and indicate a specific postal address with an index.
In the second case, when a business is already in the course of its operational activities, a company may decide to change its location on its own initiative, or may be forced by a registration authority.
In a situation of voluntary change of legal address, the company has the right to:
- move from one region to another;
- move from conducting their tax office to another within one region;
- move to another legal address within the tax area without changing the region.
In all these cases, interested parties must find a reliable legal address. Currently, there has been strict control practice on the part of the tax authorities of most countries regarding the compliance of data regarding the written location and the actual location of the company.
In recent years, lawmakers have provided the registration authorities with extensive power to control legal addresses, for example, if the owner does not confirm the location of the company during a verification. Then, a record about the inaccuracy of the location of the company is usually inserted in the databases.
This might have various kinds of legal, strategic and reputational consequences:
- the bank blocking your current account with freezing funds, causing the inability to continue normal operations;
- the inability to draw up a credit or leasing agreement;
- the closure of access to state competitive channels and purchases of large enterprises;
- distrust from partners and counterparties;
- forced liquidation by the company registration authority.
Given all the factors, entrepreneurs should carefully approach the issue of selection and execution of documents for a legal address and the analysis of the integrity of the owner of non-residential premises.
The coworking that our site provides you with can become a long-term and reliable partner for you when addressing the issue of a legal address! Moreover, our team is always ready to help you with the selection and execution of needed documentation.
