Are YOU making this common LLC address mistake? Find out now! 💼🚨 #LLCmistakes #businessknowledge

When registering for an LLC, the state is going to ask you for two different addresses. The first one is the business address, and the second one is the registered agent address. The business address is for the general public, for when they want to send mail to your business or visit your business. You can use your home office address for this, a physical office address if you have one, a virtual office address, and sometimes even a PO Box depending on the state. Now the second address is the registered agent address, and this is basically just to be used by the government for when they want to send you official documents or by somebody who wants to sue your business by serving you with a lawsuit. Keep in mind, you can list yourself as the registered agent, but this information will be publicly listed on the state's website. Also, if you list yourself as the registered agent, then you'll have to live in the state that the LLC or corporation is registered in, and you'll have to be present at that address during normal business hours. So that means you cannot use a virtual office address as the registered agent address. So basically, if you don't like the idea of your name and address being publicly listed or you cannot be available at that address during normal business hours, or you don't live in the state that the LLC or corporation is registered in, then you'll have to go with a third-party registered agent service. Third-party registered agent companies charge around $100 to $200 per year, and they provide you with a name and address to be listed when filing for your LLC or corporation. Keep in mind that you should not use the registered agent's address as your business address unless the registered agent specifically says that you're allowed to do that. But overall, you really just shouldn't do this, and it could subject you to piercing the veil of protection that is provided to your LLC or corporation. So generally what people do is they use a virtual office address as the business address or their home address, and then they hire a third-party registered agent company to be listed on the state's website. Thanks, and follow me for more business-related tips.