Business Address?

[gamez-over]

Hi guys,

Does anyone know if it is possible to open a bank account and use a virtual office address?

Thanks

 

[gemd89]

Why cant you have one to your own address? Seems abit dodgy

Gemma

 

[gamez-over]

Basically I have a office for a ltd company of mine however i'm trying out a new venture and want to keep this completely seperate from my current business. For this venture I do not need any sort of office space.

Therefore I do not wish to register the business bank account to my home address, as that's where my current account is linked to.

There is nothing dodgy about that!! I'd appreciate advice and not any comments like that!!

 

[saxondale]

but what if the virual office address has some very bad accounts already assosiated with it?


you dont need to seperate them, no one looks

 

[Tej]

Therefore I do not wish to register the business bank account to my home address, as that's where my current account is linked to.

The bank would still want your home address.. whatever happens.
So as Saxondale points out.. makes no difference.. no one looks

 

[gamez-over]

What would you advise then?

Having a business bank account linked to a home address may not be allowed from my mortgage lender...

 

[MASSEY]

What would you advise then?

Having a business bank account linked to a home address may not be allowed from my mortgage lender...

Why wont it? are you guaranteeing your home against a business loan?

 

[Tej]

Open another account with your bank in the name of the new company... same address etc.
You can explain to the bank that you want these Comnpanies separate.. Don't think they worry.. if you are a good customer in your other business!

 

[gamez-over]

Why wont it? are you guaranteeing your home against a business loan?

Nope...it's from research i've been doing on the net.

Tej....I just might do that, thanks for the advice

 

[gamez-over]

Actually..am I required to have a business bank account if I run a business as a sole trader?

 

[Tej]

Actually..am I required to have a business bank account if I run a business as a sole trader?

Don't think so... but I believe you could have a separate account in your trading name. Keeps the accounting side tidy I think.

 

[MASSEY]

I dont think you are,

 

[gamez-over]

Cheers Tej!!

Massey...???

 

[MASSEY]

Cheers Tej!!

Massey...???

I was saying i dont think you are required to have a business account as a sole trader,

surely you gathered that...............................:|:|:|:|:|

 

[gamez-over]

Lol...sorry...I don't know what I was thinking...

Thank you!!

 

[MASSEY]

Lol...sorry...I don't know what I was thinking...

Thank you!!

No problemo

 

[MASSEY]

but what if the virual office address has some very bad accounts already assosiated with it?


you dont need to seperate them, no one looks

How's it goin? You haven't been on in a while?