Dreaming of being your own boss in the transportation industry? You're in the right place! This post will guide you step-by-step to make your dream a reality. The First Steps to Starting Your Trucking Business.
- Define your scope: Do you want to operate nationally (interstate) or within your state (intrastate)? This decision will influence the permits and requirements you will need.
- Formalize your business: Register your company with the Secretary of State. You can choose LLC, Inc., Corp., or DBA.
- Identify yourself with the tax authorities: Register your company with the IRS to comply with your tax obligations.
- Obtain your federal credentials: Apply for the DOT or MC# with the FMCSA, essential for operating a commercial vehicle.
- Protect your investment: Make sure you have adequate insurance for your vehicle.
- Comply with state regulations: Process the necessary permits according to your state's laws.
- Vehicle registration: Register your commercial vehicle's license plates.
- Additional permits (interstate): If you plan to operate nationally, you will need BOC-3, UCR, and IFTA clearinghouse.
- Tax obligations (interstate): Prepare to pay IFTA and UCR.
- Hit the road! Once all the requirements are met, you can start looking for loads and growing your business. Need financing? We can help! Contact us and get a personalized quote to start your trucking business.