Medallion Sale Information - Types of Ownership

NYC Taxi & Limousine Commission - Medallion Sale Information

HomeBackground Information - Legislation - Types of OwnershipFinancing - Sample List of Potential Cost for Medallion OwnersOwnership RequirementsAuction Procedures - Bid PackageClosing ProceduresVehiclesTLC-Licensed BrokersFAQsContact TLC

TLC Home Page


	Corporate (Minifleet) Medallion Owners Fleets A fleet is a business that owns or operates 25 or more vehicles. The vehicles are dispatched from a single location with a dispatcher on the premises for at least 18 hours per day. All corporate (minifleet) medallions are required to be operated for a minimum of two nine-hour shifts per day. Please see the Definitions in Chapter 1 of the TLC Rules for additional information. Non-Fleet Non-fleet corporate (minifleet) owners typically lease their taxicabs through TLC-licensed Taxicab Agents. All corporate (minifleet) medallions are required to be operated for a minimum of two nine-hour shifts per day. Please see Chapter 1 of the TLC Rules for additional information. Agents An Agent is someone who may lease a medallion(s) to drivers on behalf of medallion owners. All agents are licensed by the Taxi and Limousine Commission. Please see Chapter 12 of the TLC Rules for additional information. Independent Medallion Owners Owner-Operators Independent owner-operators can own only one medallion. Independent owners who purchased a medallion after January 7, 1990 must drive the taxicab a minimum of 210 nine-hour shifts per year. Please see Chapter 1 of the TLC Rules for additional information.