For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Business Procedures – Record Keeping.

35 RCNY § 62-20
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
§ 62-20 Business Procedures – Record Keeping. (a) Retention of Records. A Broker must keep and maintain all documents required by 35 RCNY § 62-19 and any other documents provided by the Broker and signed by the Broker's client for ten years. 35 RCNY § 62-20(a) Fine: $250 - $1,000 for each missing document Appearance NOT REQUIRED (b) Inspection of Records. Upon demand, a Broker must furnish all records and documents listed above to the Commission or its representatives for inspection. 35 RCNY § 62-20(b) Fine: $500 - $1,500 and/or suspension Appearance REQUIRED (Amended City Record 2/12/2020, eff. 3/13/2020)
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCrules/0-0-0-125588Fetched: 10/24/2026

Starting a business in New York? New York LLC guide: costs and requirements

62-20 | Corpus