A firm must register an official address with the government as its registered office. All legal correspondence must be sent to this address, which needs to be a physical address. The answer to the question of whether a company can have two registered offices is no. A corporation is only permitted to have one registered office, and it must be situated in the nation in which it was founded.
However, some businesses might decide to have both a registered office and a virtual office. Without the need for an actual office space, a virtual office service offers firms a physical mailing address, phone number, and other business services. For small firms and startups without the resources or demand for an actual office location, this is a common choice.
Virtual offices could have certain advantages, but there are also drawbacks to take into account. One of the primary drawbacks is that a virtual office might not provide your company a professional image. Customers and clients can be apprehensive to work with a company that lacks an actual office.
A virtual office might not offer the same level of security as an actual office location, which is another drawback. If important documents and confidential data are not kept in a secure area, they may be in danger.
So how does a virtual company operate? A virtual firm may not even have a physical office space; it runs purely online. As long as there is an internet connection, this form of business can be operated from any location. Virtual companies may provide goods or services, and they may interact with customers through social media and other online channels.
Regus is an illustration of a virtual office. Without the need for an actual office location, Regus offers businesses a physical mailing address, phone number, and other business services. This enables companies to project a professional image without incurring the exorbitant expense of office space rental.
And last, can a home-based firm obtain a DUNS number? You can, indeed. An organization’s DUNS number serves as a distinctive identity and is used to monitor credit and financial data. You can still apply for a DUNS number if you run your business from home. If you want to later apply for credit cards or business loans, knowing this number can be helpful.
A firm may choose to establish a virtual office in addition to its registered office, but it is only permitted to have one registered office. Virtual offices may have some advantages, but they may also have drawbacks, such as a lack of security and a professional image. Virtual companies may not even have a physical office space; they run their whole operations online. One company that offers virtual offices is Regus. In order to track credit and financial data, home-based enterprises can still seek for a DUNS number.
It is feasible for a business that operates under a DBA (Doing Business As) name to receive a DUNS number. A DBA is a made-up name that a company uses in place of its actual name. The DBA name is the name the business uses for marketing and advertising even while the legal name of the business doesn’t change. So long as the legal name is also provided in the application, it is OK to use the DBA name instead of the legal name while requesting a DUNS number.