How to start real estate business with small budget.

Trank room

To operate a storage room service in New York, you generally do not need a specific license if you are running a self-storage business. However, if you plan to store consumers’ household goods for a fee (like a traditional storage warehouse), you will need a Storage Warehouse License from the New York City Department of Consumer and Worker Protection (DCWP)[1][2].

Here are the key requirements for obtaining a Storage Warehouse License:

  1. Basic License Application: Complete the application form provided by the DCWP.
  2. Sales Tax Identification Number: Obtain this from the New York State Department of Taxation and Finance.
  3. Rate Schedule: Submit a schedule of all charges for storage and handling on your business letterhead.
  4. Surety Bond: Provide a $10,000 surety bond naming the City of New York as the certificate holder.
  5. Liability Insurance: Obtain insurance to cover consumer property.
  6. Business Certificate: Depending on your business structure, you may need to provide a Business/Assumed Name Certificate, Partnership Certificate, or registration with the New York State Division of Corporations.

For more detailed information, you can visit the NYC Business website[2].

References

[1] DCWP – Storage Warehouse (Premises) License Application Checklist – NYC.gov

[2] Storage Warehouse License | City of New York