I used a formation service to set up my LLC and they offered a virtual address as an add-on. I went for it because I work from home and didn't want my apartment listed on public records. Now I'm wondering if I actually need it or if I should just use a PO box. Anyone else been through this?
Virtual Address
My formation service offered a virtual address as an add-on
What kind of address is it? If it's a real street address that allows mail forwarding, that's usually better than a PO box for business registration.
PO boxes can be a problem in some states when registerinv an LLC. Registered agent addresses are fine, but a plain PO box might get flagged. Your virtual address is probably safer.
I used one and and it turned out to be just a mail forwarding service with a suite number. It was fine for the first year but then they raised the price. I switched to a mailbox at a local shipping store. Cheaper and I can pick up packages.
Did the service mention if they scan mail for you? That's the main reason I keep mine. I don't want paper stacking up somewhere I can't check.
Yes, they scan and email me anything that comes in. That part is convenient. My bigger concern is whether banks or payment processors might reject a virtual address as a business location tbh.
Some banks will ask for a physical address for the business. Usually they'll accept the virtual one if it's a proper street address, but not always. You might need to provide your home address separately as a secondary.
Yeah, merchant accounts can be picky too. I've seen people get flagged for using a registered agent address on payment processor applications. Not sure how common that is though.
If its just for privacy and mail, and you already paid for the year, I'd just keep it and see how it goes. Switching to a PO box might cause more headaches than it solves.