Legal
Entity structure, formation details, and legal documentation
Last updated: Feb 27, 2026
Entity Structure
Legal Entity
Storage Valet LLC
State of Formation
Delaware
EIN
33-4260757
Operating State
New Jersey
Compliance Roadmap
16-item checklist covering federal, state (Delaware + New Jersey), and other business compliance requirements. Originally compiled May 2025.
Federal
| Task | Details | Status |
|---|---|---|
| Obtain EIN | Employer Identification Number via IRS Form SS-4. Separates federal tax account from SSN. | Done |
| BOI e-Filing (FinCEN) | Beneficial Ownership Information report. Filed within 30 days of formation (3/18/25). | Done |
| IRS Federal Tax Returns | File annually by April 15: Form 1065 for partnerships/disregarded; 1120 or 1120-S if electing corp status. Even $0 income triggers a return. | Pending |
Delaware
| Task | Details | Status |
|---|---|---|
| Certificate of Formation | Filed 03/18/25 with Delaware SOS. Must maintain good standing via annual taxes. | Done |
| Annual Franchise Tax | $300 flat fee due June 1 each year. Non-payment = $200 penalty + 1.5% monthly interest. | Pending |
| Maintain Registered Agent (DE) | Delaware-based agent year-round to receive legal service of process. | Done |
Delaware LLC Note
Delaware LLCs do not file an annual report. Only the $300 flat franchise tax applies.
New Jersey (Foreign LLC)
| Task | Details | Status |
|---|---|---|
| Certificate of Authority | File online via NJ Division of Revenue (Form C113), $125 fee. Requires Delaware Good-Standing Certificate dated within 30 days. | Pending |
| Business Registration (NJ-REG) | Register for NJ tax, withholding, and unemployment accounts. No fee. | Pending |
| Business Registration Certificate | After NJ-REG, request BRC for contracting & licensing. Free, auto-issued online. | Pending |
| Annual Report & Fee (NJ) | File annual report by anniversary month via NJ portal. $75 fee. | Pending |
| Maintain Registered Agent (NJ) | Appoint & retain NJ-resident or commercial agent. Update records if changed. | Pending |
Other
| Task | Details | Status |
|---|---|---|
| Operating Agreement | Adopted and current. Reflects member roles, voting, capital contributions. | Done |
| Business Bank Account | Dedicated business bank account with bank resolution authorizing signers. | Done |
| Local Permits & Licenses | Check Hoboken/Hudson County for pickup/delivery or storage permits (haulage, waste handling). | Pending |
| Insurance & Bonding | Commercial general liability & inland marine (storage-in-transit) insurance. See Insurance page. | Pending |
Progress Summary
7 of 16 items complete. Remaining 9 items are primarily NJ foreign LLC registration (5 items), federal tax returns, Delaware franchise tax, local permits, and insurance.
Customer-Facing Legal Documents
The Terms of Service and Privacy Policy are published on the main website. Key provisions documented here for internal reference. Last substantive review: Feb 2026.
Terms of Service — Key Provisions
| Provision | Value | Notes |
|---|---|---|
| Declared Value Threshold | $2,000 | Items exceeding $2,000 require prior written approval. Aligned with included insurance coverage. |
| Post-Termination Retrieval | 45 days | Customer must retrieve items within 45 days of membership termination. Matches Clutter industry standard. NJ lien law (N.J.S.A. 2A:44-187) requires ~75-90 days minimum statutory process before disposal. |
| Insurance Claim Window | 30 days from discovery | Standard across traditional and valet storage. Must include documentation of item value. |
| Missed Appointment Fee | $50 (may apply) | Discretionary. "May apply" language gives enforcement flexibility. Not routinely enforced. |
| Delivery Lead Time | 48-hour minimum | Booking notice requirement for all pickups and deliveries. |
Privacy Policy — Key Provisions
| Provision | Value | Notes |
|---|---|---|
| General Data Retention | 7 years | Covers NJ 6-year statute of limitations (contract, fraud, property) plus 1-year buffer. Also satisfies IRS record-keeping requirements. |
| Photo Deletion | Purpose-based (reasonable period) | Photos deleted within reasonable period after final retrieval or cancellation, unless retention required for active insurance claim, legal dispute, or regulatory obligation. No hard calendar deadline — avoids premature evidence destruction. |
| Privacy Contact | privacy@mystoragevalet.com | Active alias routing to primary inbox. Used for data access, correction, and deletion requests. |
Additional Insurance Coverage
ToS references availability of additional coverage for high-value items. Currently handled manually (direct customer contact). Automated upsell planned for portal when customers approach $2,000 inventory threshold.