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Temporary office space can lend a degree of credibility and professionalism to your business. This is particularly true if you're a new startup business, a lawyer starting her own practice, or interested in immediate executive office space. With a temporary office you don't need to worry about setup time or the overhead costs of other options. But a temporary office, or a virtual office, is just that: temporary. Your ultimate goal is to someday establish a permanent space for your company to grow in. What are the advantages of having your own permanent space? Credit Building Owning an executive office boosts your credit score, especially when you pay reliably every month. This helps your company boost its purchasing power. A temporary office space doesn't offer that advantage. Tax Benefits Unlike a temporary office space, an executive office lease is a fully tax deductible business expense. The deduction also applies to all the fees related to the property, including property taxes, garbage fees and more. Improved Flexibility You can brand your permanent office with your logo, colors, and the look and feel of your company. That kind of customization and flexibility just isn't possible in a virtual office or other temporary space. Stability There is a negative perception of businesses rely for too long on temporary office space, or companies that move frequently. The perception of a stable, reliable business, with a future of growth, can be helped by owning a permanent office. Revenue Opportunity Owning your own permanent space means the opportunity to sub-lease your excess space to other tenants, providing an additional source of revenue. Plus when you lock in your commercial mortgage long-term, you're guaranteed clear, fixed costs for the life of your loan. Equity Building As your increases in value over time, it can help build equity for your company. And it can even function as a retirement fund when you sell the building and business and retire. Establishing a permanent space for your company to grow is likely what you hope to achieve one day and with the many advantages of owning it's a good goal to set. But if you're a startup business or perhaps starting your own practice, a temporary office can provide credibility and professionalism to your business without the overhead costs of other options. If temporary office space seems like a good option for you, visit Avanti online, their virtual offices and executive suites could be just what your business needs.
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virtual office, executive office, executive suites,
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