Coworking spaces have risen in popularity over the past several years due to the many benefits they provide for small startups and entrepreneurial ventures. In addition to the increased collaboration provided by the blend of companies and ideas, coworking spaces also mean a decrease in real estate costs since small businesses don’t have to cover all the expenses of a private office.
However, these benefits can come with a few drawbacks when it comes to receiving Services of Process and other legal correspondence. Below are three reasons why using a Registered Agent service will help you overcome these coworking space shortcomings.
You can maintain confidentiality
Operating your business out of a shared work environment usually means visits from your clients and vendors are visible to other companies in the space. When it comes to receiving Services of Process, this visibility may be a drawback. Using a registered agent will preserve your business’s privacy by providing another address where your legal correspondence will be delivered. This allows you to keep your company’s affairs confidential.
You can have a flexible work schedule without missing essential correspondence
Many companies that utilize a shared workspace enjoy the freedom of setting their own, nontraditional hours. While this may work well with an entrepreneur’s schedule, it doesn’t work with the 8-5 delivery schedules of legal correspondences and Process Servers. By using a registered agent service, you can keep your preferred hours without worrying about missing important legal deliveries. Your registered agent will be available during all normal business hours, so you can take sick days, use vacation time, or follow whatever schedule you like best.
You can enjoy the benefits of having a larger staff without all the extra cost
A registered agent can provide your small business with some essential services without the need for a larger staff. Keeping up on annual report dates, corporate compliance, and legal filings is a responsibility that often requires the full attention of at least one employee, if not more. Using a registered agent will allow you to minimize your staff while still receiving the full range of compliance and filing services.
Utilizing a registered agent is an excellent option for businesses operating out of a shared workspace. Their services allow such companies to enjoy all the perks and freedom of a coworking environment while still maintaining confidentiality and compliance.