How to start a trucking business

Years of Lightning-Fast Filings. Again, We Have You Covered. Have to be Difficult, Let Us Help. Standing Delivered Fast. How to get your trucking company started?

The importance of the back office becomes more important as you start adding leased drivers to your operation.

You have a couple of options. You can run your business out of the cab of your truck. All you need is a laptop, an Internet connection, and a printer.

You also need accounting software to run your business. The easiest way to start a trucking company is to hire subcontractors to ship goods for you. This dramatically lowers the cost because you don’t need to pay for trucks, salary and benefits for drivers, and insurance for the vehicles.

A larger scale operation can be built by hiring drivers directly and making them permanent employees. For example, the cost to form a business entity varies greatly between states.

Some trucking companies have their own training programs. They’re tedious and might seem redundant but are necessary for you to get your trucking company started and earn trucking authority. Free Trial Available. Assess Your Strengths and Weaknesses Honest self-assessment is an important first step when opening any business , including trucking.

Apply for Trucking Authority – Trucking Company Forms. Paperwork, documentation, and forms. If you haven’t already been assigned a US DOT number, you will need to register for a DOT number form before you can apply to obtain trucking authority. Keep in mind the old MCS-1form is now only for updating existing US DOT number and not for obtaining a US. If you want to know how to start a trucking company, there are plenty of factors to consider, including hiring employees, choosing your business entity, and securing financing.

Once this is file you will need to get a stamped copy of your Schedule 1. Of all the things working against your favor in today’s economy, there’s also a lot working in your favor — you just have to take advantage of them. If you have the opportunity of spreading payments for over a period of time, then you should consider purchasing brand new trucks. But if you don’t have social financial facility, then your best bet is to acquire fairly used trucks.

Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. Leading your company takes a disciplined approach. You need to know how to deal with people in a business sense, to make the right decisions and to take the right actions.

Develop a Business Plan and Establish Your Trucking Company Next, you need to start defining your business. Based on your business plan and partnerships, the company entity can be a DBA business , LLC corporation or C-Corporation.

What do you hope to achieve? Many of the LLC tax classifications are common for a new trucking company. Contact local shippers directly and meet prospective customers where they do business. A good place to start would be relevant small business trade shows or industry groups or the DAT Load Board for Truckers, available for download on Android and Apple operating systems. Beginning a trucking company has been a concept that many individuals have thought about for some time.

No matter whether a person is a truck driver or a business owner, starting a trucking company could be a really profitable choice. You’ll also need to fill our various forms, register your company as a Limited Liability Company (LLC) and register with various institutions. Starting a Trucking Business. While several companies will help you start your trucking company and apply for Small Business grants, the Small Business Administration (SBA) is an excellent and free resource. The SBA can help you write your business plan, find funds and market your business (see the Resources section).

If you need help with your business , or help to start your trucking business , please do not hesitate to call us for a consultation. You may also use our contact us form for any questions you may have. Need Angel Investors?