implications for correspondence address with ltd company?

Question

Hi, I am starting a ltd company with 2 friends. I live with my parents and they rent flats. We have looked into setting up the company and having the company's registered address at the accountants that we register with.

So if the registered address is with them and the correspondence/ banking address is with one of us, what implications does that have on the address that we use as the correspondence address. Will I mess up my parents' capital gains/insurance/mortgage on their property just by having a business correspondence address there? Would it be better to use my friends' rental addresses?
Thanks

Answer 1

There are many companies that will rent you a mailing address.

Typically these are small copy & print shops like The UPS Store™ and Mail Boxes Etc.® .

You might also want to get a phone number to be used only for the company.

By doing this your company address stays the same if the people within it move. This is very important as once you give out a mailing address and/or phone number its difficult to locate all the people to notify of the change/

Answer 2

You can have various addresses for your company, but you must put your registered address on your company headed paper, if you have an address on there (you can also have no address on the headed paper).
There definitely should not be any capital gains implications for your parents, and there would only be insurance implications if your registered company address was at your parents (they'd have to pay business insurance as the insurance company would assume they had stock stored there). I'm not sure about mortgage, but I don't see why there should be a problem as there would be no official record of the link between your business and that address.
It would be simpler to just get a PO box for your correspondence, and register the business at the accountants or solicitors. They charge, but if youre using them anyway the charge is very reasonable.
Hope that helps, Gav.