There are a few things to consider when thinking about expenses when forming an LLC, and you are going to be doing it part time. If you are considering going after government contracts, then the virtual office address cannot be a P.O. Box. It must be a physical address. For example, there is a service named IPostal , where people who have used the service are getting rejected when they try to apply for government contracts, with the reason being that they “virtual office” is not a “psyhical” space that can receive timely correspondence.
This is especially important when you get correspondence from the state regarding renewal or other paperwork that is essential for your business.
As I am going through my personal journey through setting up my business and making decisions as I go along the way, I will be sharing insights and things I have found helpful. I will personally be using this virtual office setup.
I came across an interesting site about how you no longer need an office to operate your business. The great part about this is your payments are reported to the credit reporting bureau as a trade line, which is what you need to apply for funding opportunities. Click the link below and let me know what you think.