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Hidden costs that you must be aware of for Shared offices

Posted by GoSpaze on September 18th, 2019

Surely, getting your own space for your business and its office is tough. However, the use of shared office space in Bangalore has helped many businesses. However, the use of shared offices comes with a price, and not knowing these could actually hurt you in the long run.

To ensure that you know what you are going into when you sign the contract, here is a list of some expenses that may prop up and you need to keep in mind to ask before you sign:

  1. Upgrade costs: Although not all shared spaces are shady, there may be some officials who might give you the wrong impression. However, when you hear an official talk about upgrades and how it may benefit you, consider asking the costs of the same before you sign anything.
  2. Maintenance costs: These costs are pretty normal. No matter which Shared office space in Bangalore you choose, these costs will always be there. However, it is the amount that should concern you. Before you sign up with a company, remember to ask the ballpark and what all costs you will be paying every month, which ones are recurring and which ones need to be paid once a month.
  3. Taxes: Since you are being given service, it is only natural for the companies to charge taxes as well. However, you need to consider if the taxes are inclusive or exclusive. Compare the charges, have a look at the taxes you pay before you write them a cheque.

Although shared office spaces are a boon, there is always a chance that a company may try underhanded means of taking your money. Whenever you short-list a company to set-up an office in, you should make sure that you ask all the relevant questions and you know what you’re paying for.

Also See: Shared Office, Office Space, Shared Offices, Own Space, Shared, Office, Costs

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