Zen is a well-known app for mindfulness and meditation that has become very popular in recent years. The app offers a variety of functions, such as guided meditations, stress-relieving music, and mindfulness activities, making it a valuable tool for anyone trying to unwind and de-stress. Who owns Zen is a topic that many have been asking in the wake of the app’s growth.
Although the response to this query is not simple, it can be linked to Zen Labs LLC, the firm that created the software. Zen Labs LLC is a U.S.-based software development firm that focuses in producing health and wellness apps. Hetal Pandya and Zubin Davar, two people, launched the business in 2012.
Since its founding, Zen Labs LLC has become more well-known, and its software, Zen, has become a household name. However, Zen Labs LLC’s ownership changed in 2018 when Prudential, a Singaporean business, bought it.
Although Prudential is the owner of Zen Labs LLC, Pandya and Davar, the company’s original creators, continue to be in charge of the day-to-day management and operations of the Zen app. The app’s functionality and quality have not been impacted by Prudential’s acquisition, and users who want to enhance their mental health and wellbeing frequently choose it.
Moving on, the answer is yes to the related query, “Can a New York LLC have an out-of-state address?” Any company, including an LLC, is permitted to have an out-of-state address. This is referred to as a “registered agent” address, which is a company’s registered address for receiving legal and tax paperwork on the company’s behalf. Regardless of where the company is physically located, this address can be found in any state.
You have a number of options if you don’t want to use your home address for business purposes. Use of a virtual business address is one of the most well-liked solutions. A virtual address is a legitimate street address that may be used as your company’s registered location. It can be used for many types of official papers, including marketing materials and business registration forms. Many businesses charge a fee for virtual business addresses, and some of them also include extra services like mail forwarding and phone answering.
An LLC’s drawback is that it can be expensive to establish and keep up. There can be filing fees and yearly maintenance fees, depending on the state you’re in. LLCs must also pay self-employment taxes, which may be more expensive than standard income taxes. Additionally, it may be challenging to conduct business globally because LLCs are not generally recognized in other nations.
In conclusion, Prudential, a Singaporean company, owns Zen Labs LLC, the business that created the Zen app. However, the app’s original inventors, Pandya and Davar, continue to be in charge of its daily management and operations. An LLC is permitted to use an out-of-state address, and companies who do not want to utilize their home address frequently choose virtual addresses. The disadvantage of an LLC is that it may not be recognized in other countries and might be expensive to establish and maintain.