3 Reasons Why You Should Have a Virtual Registered Office Address
Thinking of transitioning to a virtual registered office address? Let us convince you why you should.
To register a company, the Australian Securities and Investments Commission (ASIC) requires applicants to disclose a registered office address to send important communications to. There are three primary requirements guiding what can be listed as a registered office address:
- It must be in Australia and cannot be a Post Office Box;
- It must be capable of receiving communications and notices from ASIC; and
- If your company does not occupy the address, you must obtain written consent from the occupier.
Under these requirements, there is no reason that your registered office cannot be a virtual registered office address. LawPath now offers a virtual registered office service which will allow you to register one of our listed addresses as your registered office address. LawPath will notify you when we receive mail on your behalf and scan the document onto your LawPath account for easy access. There are many benefits to having a virtual registered office address, 3 of which are explored below.
1. Centralised Storage of Official Correspondence
Transitioning to a virtual registered office will allow you to receive notices digitally and facilitate centralised storage of important communications. LawPath’s virtual registered office service will allow you to store all of your important ASIC communications in your LawPath account: easily accessible and centrally managed.
2. Backup of Communications
Scanning ASIC communications onto your LawPath account ensures that important paper communications are backed up. This will benefit your business as it will reduce the likelihood of losing or misfiling paper communications.
LawPath can send you your original documents upon request for an additional fee.
3. Enhanced Personal Privacy
Using one of LawPath’s virtual addresses as your registered office address allows you to maintain your personal privacy. It is also helpful in the following situations:
- You own your own office address but do not want to receive ASIC communications there; and
- Your occupier has not consented to listing the address as a registered office address.
The Virtual Registered Office Address – a Choice Worth Making
Whilst using a virtual address as a registered office address may be appropriate, it is not appropriate to use a virtual address as a principal place of business. This is because ASIC requires a principal place of business to be a place where the majority of business is conducted. Confused about the difference? LawPath has a detailed guide explaining the difference between a registered office and principal place of business which can be useful for understanding your legal position.
LawPath can assist you with your company registration by providing a virtual registered office address.
Need more help? Contact a LawPath consultant on 1800 529 728 to learn more about customising legal documents, obtaining a fixed-fee quote from Australia’s largest legal marketplace or to get answers to your legal questions.
Ashlee is a legal intern working in the content team at Lawpath. She is interested in information technology law, and all things innovation. Ashlee is currently completing a Dual Degree of Law/Commerce at the University of New South Wales.