I use a registered agent and a mail service. Basically, if the RA receives mail for my business they digitally scan it and email it to me. Costs $200/year and can go up to $600/year depending on how much mail you receive.
Updates to US verification requirements
31–40 of 95 posts
Re: Updates to US verification requirements
#32I understand there are some larger compliance-related issues that need to be solved and that this seems like it's an unintended consequence of the regulatory requirements put in place to solve this. But there are huge consequences for small business owners in requiring a physical address. I don't need or want anyone to ever physically appear at an address I provide, because providing _any_ address for my business is…
Your business's primary place of business is your home (referring specifically to the parent comment, not businesses in general). That you can also carry out the business where ever you physically are does not change that basic fact from a legal or tax perspective. Zoning compliance is not required for a home office (assuming white collar type work). Many, but not all jurisdictions require business licenses, even for…
Pragmatically, there's a lot of great reasons to not use your personal address as a business address. I still have unemployment claims and financing offers chasing me for a company I started five years ago and closed four years ago.
Re: Updates to US verification requirements
#33Earlier quoted context omitted.
What if I never do business in my home, but instead operate out of libraries, coffee shops, or client's locations? Picture a carpet cleaning van parked on the street, for example.
The address here would presumably be the one where you can be physically served a lawsuit. My concern is that if I had an online business that I worked on at home, I still wouldn’t want my home address to be given out by my payment processor.
This is what I was thinking. Trying to do Service on a lawsuit/etc is a huge PITA.
Re: Updates to US verification requirements
#34Earlier quoted context omitted.
Your business's primary place of business is your home (referring specifically to the parent comment, not businesses in general). That you can also carry out the business where ever you physically are does not change that basic fact from a legal or tax perspective. Zoning compliance is not required for a home office (assuming white collar type work). Many, but not all jurisdictions require business licenses, even for…
What if I never do business in my home, but instead operate out of libraries, coffee shops, or client's locations? Picture a carpet cleaning van parked on the street, for example.
When I bought my house many many years ago, I think I got something in the sale agreement about being able to operate a business out of my house provided it was just a mail-order business without associated traffic. (The seller was continuing to live next door.)
So I'm not sure about zoning in most places--especially today--but it wouldn't surprise me if there were some restrictions on business-related commercial traffic.
Re: Updates to US verification requirements
#35I understand there are some larger compliance-related issues that need to be solved and that this seems like it's an unintended consequence of the regulatory requirements put in place to solve this. But there are huge consequences for small business owners in requiring a physical address. I don't need or want anyone to ever physically appear at an address I provide, because providing _any_ address for my business is…
> I don't need or want anyone to ever physically appear at an address I provide
I think this is the crux of it: who could see this information? Where is it flowing to now, and where can it flow to in the future?
Re: Updates to US verification requirements
#36Many people at RenFaires and music festivals use Stripe. This is going to wipe them out as customers. Also fully remote businesses. It's clear to me Stripe wants brick and mortar businesses, or online businesses that have an office. Which I find sad, because they're abandoning a bunch of customers depending on them. Though it is an opportunity for some startup to cater to those customers.
A physical biz address does not mean you have to have an office. I’ve been using my home address as the business address of my company ever since I first created it, and before that I did the same for my sole proprietorship.
Something I enjoy doing is looking up the true landlords of managed properties to see if they're absentee. More often than not, their business address gives me their home address somewhere across the country.
Just a thought. Nearly every landlord I've had has been an absentee landlord. Quite interesting.
Re: Updates to US verification requirements
#37Earlier quoted context omitted.
What if I never do business in my home, but instead operate out of libraries, coffee shops, or client's locations? Picture a carpet cleaning van parked on the street, for example.
If you're a sole practitioner (what this article is about) - by definition - your business is you. And you are most often in your home. It's not that complicated. You want the benefits of a business while not having to worry about angry customers annoying you at your house. I don't blame you. We all want to have cake and eat it, too.
you are most often in your home
Yet another baseless assumption.
You want the benefits of a business while not having to worry about angry customers annoying you at your house
Or one may wish to continue making money to feed themselves even though they cannot afford housing. Have you ever had to apply for apartments on self employment income?
Re: Updates to US verification requirements
#38Earlier quoted context omitted.
What if I never do business in my home, but instead operate out of libraries, coffee shops, or client's locations? Picture a carpet cleaning van parked on the street, for example.
When I bought my house many many years ago, I think I got something in the sale agreement about being able to operate a business out of my house provided it was just a mail-order business without associated traffic. (The seller was continuing to live next door.) So I'm not sure about zoning in most places--especially today--but it wouldn't surprise me if there were some restrictions on business-related commercial tra…
In what jurisdiction does the former owner of a property have any say regarding what the new owner does with the property?
Re: Updates to US verification requirements
#39Earlier quoted context omitted.
Your business's primary place of business is your home (referring specifically to the parent comment, not businesses in general). That you can also carry out the business where ever you physically are does not change that basic fact from a legal or tax perspective. Zoning compliance is not required for a home office (assuming white collar type work). Many, but not all jurisdictions require business licenses, even for…
What if I never do business in my home, but instead operate out of libraries, coffee shops, or client's locations? Picture a carpet cleaning van parked on the street, for example.
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Re: Updates to US verification requirements
#40Another classic issue with draconian regulations that could be easily solved with Web3 payments.