Please don't answer unless you know....
I am looking in to starting a trucking business. My boyfriend's father used to have his own trucking company that did VERY WELL. He still has the company name registered and I think he still has the federal authority (whatever that is??) I want to get it started again, but want to know some info. Please tell em any info you know about it.....
2006-06-21 05:28:01 · 4 answers · asked by Rebecca 4 in Business & Finance ➔ Small Business
In our state you have to be registered with the corporation commission. They may give you information you need. Check into what your insurance will cost, your tags, fuel, tires, federal form 2290 (Heavy use taxes). You will need to be in a drug testing consortium, and the Department of Transportation is very strict on equipment maintenance, overweight, recordkeeping, etc. Also you may need to get a federal id number. You can get federal froms and publications at www.irs.gov. Oh, figure out how you willl promote your business, yellow pages, etc.
Hope I'm not scaring you off, Been there, Done that. It's a lot of work but fun. Good luck.
2006-06-21 06:37:34 · answer #1 · answered by suseq 1 · 1⤊ 2⤋
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* How to Start & Manage an Independent Trucking Business: A Practical Way to Start Your Business by Jerre G. Lewis, Leslie D. Renn
* Start Your Own Freight Brokerage Business by Entrepreneur Press
* A Practical Guide to Transportation and Logistics by Michael B. Stroh
* Trucking Simplified (TOOLS AND STRATEGIES FOR RUNNING A SUCCESSFUL TRUCKING OPERATION) by Jeffery J. Woltman, Sheena P. Woltman
I also posted links to some free articles in the source box.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-06-21 06:23:37 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
First thing you need is to get a EIN # and company name,, apply for corporation or LLC. Then you need a DOT # go to safer.fmcsa.dot.gov to apply. Intrastate if you only operate in one state. I you plan to operate interstate you must file for interstate. after you gat your DOT # You must file a op1 application for operating authority. You must have min. $750,000 liability Insurance , file a boc3 and unified carrier Boc3 is a list of process agents for all states. The fee for op1 is $300.00
2014-12-22 02:00:22 · answer #3 · answered by Wayne 1 · 0⤊ 0⤋
I honestly don't know, but a good place to start would be the SBA (Small Business Addministration)
www.sba.gov
2006-06-21 05:35:44 · answer #4 · answered by mrcarter82 2 · 0⤊ 0⤋