September 27, 2017
How to Get Your Trucking Company Started
Tired of working for big trucking companies that don’t treat you like an individual? Are you ready to start your own business and be your own boss? If you want to start your own trucking company, don’t let paperwork slow you down. Here’s what trucking companies don’t want you to know about starting your own business.
How to Start Your Own Trucking Company
The most important step to starting any company is to create a plan. To start your own trucking company, you must:
1. Start with the business details
Decide what you want your business to do, and write down how you’re going to make your business a reality. You can also plan your finances and resources to determine how much money you need to start your business. Once you get those resources, how you are going to budget those finances? This first step is also the time to determine the name of your business and how you want to register it legally.
2. Register your business
Once you’ve gotten the logistics of starting your business out of the way, it’s time to register your business. Here are 10 steps you can take to start your own business. When you register your business, you can choose to register your business as a sole-proprietorship, a Limited Liability Company (LLC), or a Corporation (Inc). All of these options can help you determine starting costs, taxes, and whether you are operating as an individual or a company.
3. Obtain proper trucking registration
The next step towards opening your own trucking company can be a little complicated. Regardless of what kind of trucking business you want to run, you will most likely need a USDOT Number and a Motor Carrier Authority. From there, you have to decide what your trucks will deliver, where they will be delivering to, and the weight of your trucks. These are all factors in what registration and licenses you have to get.
4. Determine how you hire your employees
There are two ways you can choose to run your business. You can either hire sub-contractors as your drivers or you can hire your own employees. Each choice comes with different advantages and disadvantages. Hiring sub-contractors can keep your starting costs low, but hiring sub-contractors gives you less control over your business. Hiring your own employees increases starting costs but can eventually lead to a higher return on profits.
5. Get insured
Once you’ve obtained or are in the process of obtaining the proper authority, you’ll need to find an insurance company. It’s important to choose the right insurance company for your company. Find an agent that specializes in Trucking Insurance to make sure that you get adequate coverage.
How Do I Get Started?
If these steps look daunting and confusing on your journey to start you own trucking company, they probably are. There are a lot of decisions to make, and each decision determines which steps you need to take to become your own boss. However, you don’t have to work out all these steps alone. Once you’ve registered your business, Motor Carrier HQ can help you apply for the registration and licensing you need to get your business running. We work directly with you to sort through what you need and don’t, so you don’t waste time and money on licensing your company doesn’t need.
How Can Motor Carrier Help?
Think of Motor carrier as your crew that small businesses usually don’t have. We can help with all the paperwork to make starting your own business easier for you. While you could get your MC Number and your USDOT Number yourself, we make it easier for you. After contacting us, we can get your MC number issued within one hour. We offer complete transparency to save you time, money, and hassle. When you work with Motor Carrier, you know exactly how much money you’ll be spending and where that money is going.
Do you want to start your own trucking company? Motor Carrier can help. All you have to do to get started is check out our motor carrier authority package. Then, we’ll call you within the hour with your MC and DOT Numbers. If you have any questions about starting your own trucking company, call (866) 739-2032 and we can help!