If you have an address change for your business, below are the companies and/or organizations that you will need to contact in order to update your new business address information. In some cases, Collective will assist or complete the address change step for you.
How to update your address
1. Update the State
You'll need to notify the state that your address has been updated. The method of updating can vary by state, so you'll need to do some research to determine how your state processes updates.
2. IRS form 8822-B - Change of Address or Responsibility form
You will complete the IRS change of business address form.
You will need to sign the form and send it directly to the IRS. Learn more about how to notify IRS of the address change.
3. Business License
Updating your address for your business license varies from city to city in the state of California. Go to the city government website where you filed your business license to find out how to update your address.
4. Bank Accounts and Credit Cards
Contact all of your banks and credit card companies to update them with your new business address details.
5. Payroll and Accounting Software
QuickBooks Online (QBO): To update your QuickBooks Online business address, follow the directions here or go to QuickBooks for further details.
Xero: To update your business address in Xero, please visit this link or go to Xero Help Center for more details.
7. Your Collective account
If you have an address change, we will automatically update your business address in your Collective account.
8. Auto-billed items
If you have any auto-billed items, make sure to review and update your business address in necessary
9. Your clients
Do not forget to update your clients about your address change, especially if you expect them to send you checks or any other written material.
10. Your vendors
If you plan to receive any physical items (i.e packages) from any vendors you're working with (i.e Amazon), make sure to update your business address with their records
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.