If you have an address change for your business (within the same state), there are certain organizations you will need to contact in order to update your business address information. In some cases, Collective may be able to assist you. Generally, you will need to update your information with the below organizations:
How to update your address
1. Update the State
Generally, 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 these types of updates.
2. IRS form 8822-B - Change of Address or Responsibility form
Complete the IRS change of business address form.
You'll 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 can vary between state, cities and counties. Go to the 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 your new business address details.
5. Payroll and Accounting Software
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Gusto
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Send us a message stating 'Please update my business address in Gusto,' and our team will handle the address updates for you.
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Xero: To update your business address in Xero, please visit this link or go to Xero Help Center for more details.
6. Your Collective account
If you have a business address change, please let us know by sending us a message in the Message Center on your Dashboard. We will update your business address in your Collective account settings and regenerate a new W9 form for you.
7. Auto-billed items
If you have any auto-billed items, make sure to review and update your business address as necessary
8. Your clients
Do not forget to update your clients about your business address change, especially if you expect them to send you checks or any other written material. You can provide them with a copy of your new W9 form by accessing it from the Document Center in your Dashboard.
9. 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 legal, financial, or tax advice. It is not intended to be a substitute for obtaining legal, accounting, or other financial advice from an appropriate and/or licensed adviser, or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.