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NAICS Code 561431-01 Description (8-Digit)

The Mail Box-Rentals industry, a subdivision of Private Mail Centers, provides customers with a physical address to receive mail and packages. This industry is primarily composed of small businesses that offer mailbox rentals to individuals and businesses. Mailbox rental services are often used by those who require a professional mailing address, such as home-based businesses, frequent travelers, and those who value privacy. In addition to mailbox rentals, some businesses in this industry offer additional services such as package receiving and forwarding, mail forwarding, and shipping supplies.

Hierarchy Navigation for NAICS Code 561431-01

Parent Code (less specific)

Tools

Tools commonly used in the Mail Box-Rentals industry for day-to-day tasks and operations.

  • Mailbox keys and locks
  • Mailbox address labels
  • Package tracking software
  • Shipping scales
  • Tape dispensers
  • Bubble wrap
  • Shipping labels
  • Packing peanuts
  • Scissors
  • Box cutters

Industry Examples of Mail Box-Rentals

Common products and services typical of NAICS Code 561431-01, illustrating the main business activities and contributions to the market.

  • Virtual mailbox services
  • Private mailbox rental services
  • Mailbox and shipping stores
  • Postal and shipping centers
  • Business centers with mailbox rentals

Certifications, Compliance and Licenses for NAICS Code 561431-01 - Mail Box-Rentals

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Business License: A business license is required to operate a mail box rental business in the US. The requirements for obtaining a business license vary by state and locality. The Small Business Administration (SBA) provides information on how to obtain a business license in each state.
  • Sales Tax Permit: A sales tax permit is required for businesses that sell goods or services subject to sales tax. Mail box rental businesses are subject to sales tax in most states. The requirements for obtaining a sales tax permit vary by state. The SBA provides information on how to obtain a sales tax permit in each state.
  • Mailbox Rental Agreement: A mailbox rental agreement is a legal document that outlines the terms and conditions of renting a mailbox. It is required by law to have a rental agreement in place. The rental agreement should include the rental period, rental fees, and any other terms and conditions.
  • USPS Form 1583: USPS Form 1583 is required by the United States Postal Service (USPS) for all mailbox rental customers. The form is used to verify the identity of the customer and to ensure that mail is delivered to the correct mailbox.
  • Privacy Act Statement: The Privacy Act Statement is required by the USPS for all mailbox rental customers. The statement informs customers of their rights under the Privacy Act and how their personal information will be used.

History

A concise historical narrative of NAICS Code 561431-01 covering global milestones and recent developments within the United States.

  • The history of the Mail Box-Rentals industry dates back to the early 20th century when the first private mailboxes were introduced in the United States. In 1904, a San Francisco entrepreneur named Edward J. Sanborn created the first private mailbox service, which allowed customers to rent a mailbox at a central location. This service was initially used by businesses, but it soon became popular among individuals as well. In the 1960s, the industry experienced significant growth due to the increasing demand for private mailboxes. The introduction of new technologies such as the internet and email in the 1990s had a significant impact on the industry, but it managed to adapt and remain relevant. Today, the Mail Box-Rentals industry continues to thrive, providing a range of services such as mail forwarding, package receiving, and virtual mailbox services. In recent years, the Mail Box-Rentals industry in the United States has seen steady growth due to the increasing demand for online shopping and e-commerce. The industry has also benefited from the rise of remote work and the need for virtual office services. In 2020, the COVID-19 pandemic had a significant impact on the industry, as more people began working from home and relying on mail and package delivery services. Despite the challenges posed by the pandemic, the Mail Box-Rentals industry has continued to grow and adapt to changing consumer needs.

Future Outlook for Mail Box-Rentals

The anticipated future trajectory of the NAICS 561431-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The Mail Box-Rentals industry is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing number of small businesses and entrepreneurs who require a physical address for their business. Additionally, the industry is expected to benefit from the increasing number of people who work remotely and require a physical address for their mail. However, the industry may face competition from virtual mailbox services. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 561431-01

Recent groundbreaking advancements and milestones in the Mail Box-Rentals industry, reflecting notable innovations that have reshaped its landscape.

  • Digital Mailboxes: Digital mailboxes allow customers to view and manage their mail online, providing a convenient alternative to traditional mailboxes.
  • Mail Forwarding Services: Mail forwarding services allow customers to have their mail forwarded to any location, providing flexibility for those who frequently travel.
  • 24/7 Access: Some mailbox rental companies now offer 24/7 access to mailboxes, allowing customers to access their mail at any time.
  • Package Acceptance: Many mailbox rental companies now offer package acceptance services, allowing customers to have packages delivered to their mailbox.
  • Mail Scanning: Some mailbox rental companies now offer mail scanning services, allowing customers to view their mail online.

NAICS Code 561431-01 - Mail Box-Rentals

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