Reasons Why Startups Consider Virtual Offices
In the virtual world of today, it is really surprising that physical offices and stores still exist. Availability of the modern technology, it gives the impression of a real office could be abandoned by just about every business and chooses a virtual office instead. However, hundreds of companies open up every month, but only a few stay alive doing business. One of the main weaknesses that startups have to put up with is not having a physical business address. In developed countries like Singapore, it is mandatory for any legal entity to register a business address, in order to obey regulatory requirements. While it is essential to have a registered business address, this is often not a feasible option for startups. New entrepreneurs might not have the required funding to invest in a business address. Using a residence address, as a company address becomes one of the satisfactory alternatives. However, this is not all the time the best choice, especially when trying to show a ...