The business world has evolved rapidly in the wake of computers, wifi and other technology. A key example, and one of the most beneficial developments for workers and companies everywhere, is the Virtual Office, or the Virtual Address. Here we will discuss why the Virtual Office is on the rise and rise, and why it’s the best choice for people who want their businesses to be competitive into the future.

A Virtual Office is an address which all company documents can be sent to instead of your personal address. By and large, registering a virtual office address means that your documents will be stored efficiently and securely. This is also allows you to separate your business from your personal affairs – making the process of running your business smoother. 

Here we will discuss the benefits of having a Virtual Office and why it’s in your interests to register one. 

Security

Having your documents sent to a physical dress isn’t without its hazards. Firstly, there’s the chance that they may be misplaced or accidentally destroyed. Many businesses opt to have their formal mail sent to a nominated virtual address so they are kept safe and secure. 

Example

NewBank has nominated their registered address to be a virtual office in the city. The virtual office address informs NewBank whenever important documents arrive. This means that there’s no opportunity for the documents to get cluttered or lost on the company premises. 

Privacy

Privacy is always a key concern for new business owners. When you nominate an address during the company registration process, it goes on the public record. This means that if you nominate your personal address, anyone can see it online at any time. Many people aren’t comfortable having this information displayed for the world to see, but it’s compulsory to provide an address. 

Virtual office addresses are a solution to this, as the only address on record will be that of the virtual office. You will still receive all your company documents, it will just be in a more secure way.

Example

NewBank’s office is the residential address of one of the directors. NewBank do not want all of their official documentation being sent to the director’s home. Similarly, the bank does not want the personal address of the director to be displayed on the website. NewBank subsequently decided to register a virtual office address. People who search ‘NewBank’ online can now only see the virtual office address.

Registering a virtual address for your company is a great way to manage your business. Your business’s documents will be secure, and your privacy will be maintained. 

Don’t know where to start? Contact a LawPath consultant on 1800 529 728 to learn more about customising legal documents and obtaining a fixed-fee quote from Australia’s largest legal marketplace.

Jackie Olling

Jackie is the Content Manager at LawPath and manages the content team. She has a Law/Arts (Politics) degree from Macquarie University and has worked in the legal industry since 2014. She's interested in legal tech and the opportunities it offers to not only the legal industry, but all people.