There are many steps to starting a trucking company. It can become time-consuming, confusing, and complicated quickly. It is more complicated when something isn’t set up correctly.
After you have your Employer Identification Number (EIN) for your trucking company and before doing anything else, you need to determine what type of company you want to be. More than anything this will effect you when you are doing your taxes.
With the exception of sole proprietors, EINs need to be used by a business to identify as a corporation, partnership, or LLC.
A sole proprietorship is a type of business owned and run by one person. There is no legal distinction between the owner and the business itself.
A Limited Liability Company (LLC) is a business combining the taxation of a partnership or sole proprietorship with the limited liability of a corporation.
An S-Corporation passes corporate income, losses, deductions, and credits through shareholders for federal tax purposes.
C-Corps and S-Corps are similar, but differ in that the C-Corporations are taxed separately from its' owners, while S-Corps are not.
Choosing your company type and getting an EIN are only the first steps. For a full rundown on starting a trucking company, read this blog.
With the exception of sole proprietors, EINs need to be used by a business to identify as a corporation, partnership, or LLC.
A sole proprietorship is a type of business owned and run by one person with no legal distinction between the owner and the business.
A Limited Liability Company (LLC) combines partnership taxation or sole proprietorship with a corporation's limited liability.
An S-Corporation passes corporate income, losses, deductions, and credits through shareholders for federal tax purposes.
C-Corps and S-Corps are similar, but differ in that the C-Corporations are taxed separately from its' owners, while S-Corps are not.
Choosing your company type and getting an EIN are only the first steps. For a full rundown on starting a trucking company, read this blog.
Companies that operate commercial motor vehicles transporting passengers or hauling cargo in interstate commerce must be registered with the FMCSA and must have a USDOT Number.
If you are transporting passengers, operating as for-hire carriers, or transporting federally regulated commodities in interstate commerce, you will likely need an MC Number.
We can help with any needs you have with registering your vehicles.
The Unified Carrier Registration (UCR) requires individuals and companies that operate commercial motor vehicles in interstate or international commerce.
We know you have many choices when choosing a company to help you with your International Fuel Tax Agreement (IFTA) taxes. Our fuel tax service can be taken advantage of as part of any of our DOT Compliance Programs.
Companies that operate commercial motor vehicles transporting passengers or hauling cargo in interstate commerce must be registered with the FMCSA and must have a USDOT Number.
If you are transporting passengers, operating as for-hire carriers, or transporting federally regulated commodities in interstate commerce, you will likely need an MC Number.
We can help with any needs you have with registering your vehicles.
The Unified Carrier Registration (UCR) requires individuals and companies that operate commercial motor vehicles in interstate or international commerce.
We know you have many choices when choosing a company to help you with your International Fuel Tax Agreement (IFTA) taxes. Our fuel tax service can be taken advantage of as part of any of our DOT Compliance Programs.
Every trucking company has to file its fuel taxes. It can become very confusing if you have not kept up with all of your receipts. Let us manage your IFTA Tax Returns.
We have been handling our clients’ licensing and permitting needs for over 25 years. Licensing for IFTA, IRP, Title Managment and more.
Truckers with a vehicle that has a taxable gross weight of 55,000 pounds or more, are required to electronically file HVUT Form 2290.
The MCS-150 form is the only form that can be used to update a USDOT number. This is called a biennial update and must be performed every 2 years.Â
Every trucking company has to file its fuel taxes. It can become very confusing if you have not kept up with all of your receipts. Let us manage your IFTA Tax Returns.
We have been handling our clients’ licensing and permitting needs for over 25 years. Licensing for IFTA, IRP, Title Managment and more.
Truckers with a vehicle that has a taxable gross weight of 55,000 pounds or more, are required to electronically file HVUT Form 2290.
The MCS-150 form is the only form that can be used to update a USDOT number. This is called a biennial update and must be performed every 2 years.Â
Proactive Safety Management (PSM) is the basis of our business and simply means that your company is working hard to be safe, compliant, and stay ahead of the FMCSA. All of our DOT Compliance Programs are based on this concept and include what you need to keep your DOT Licensing needs in order.
Our PSM DOT Essentials Program is a program designed to keep motor carriers compliant with the basic DOT regulations that nearly all carriers must follow. The PSM DOT Essentials Program can be utilized by companies of all types and sizes and is a budget-friendly option to manage exactly what you need to stay DOT compliant.
FMCSA wants to completely overhaul its verification processes and improve the customer experience; and this includes ending MC numbers. The trucking industry has known about
If you have a Class A CDL, you will always be able to find a driving job, but how much you make depends on what
If you’ve got the vision and desire to start a hotshot trucking company, now is the time to make that vision reality. ATTENTION: Learn more
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