So you want to "own " your own company

Does anyone know if Wisconsin charges sales tax? Is there a magic list somewhere online?

 

Maybe this help a little:

http://www.bkd.com/articles/2012/sales-tax-exemptions-for-interstate-common-carriers.htm

 

This is is exactly what I was looking for. Thanks Oscar!

 

How much do you think you need in total to be safe to buy your own truck and have enough for the 3 to 6 months as you stated? I can't figure out how to write a post on this site but I'm looking into what exactly it would take thanks

 

New truck $135,000+, trailer is $45,000, bills and msc per month about $7500. = you reserve. : )

 

Would it it be a safe bet to have enough saved for 3-6 months of: tractor/Trailor payments, fuel, insurance, bills at home/food?

also when just starting out would you recommend buying/financing your own rig and then leasing the tractor onto a company?

 

That would be the surest, but still not a given, way to set yourself up for success. Money management is your most important skill. If you can't save any money you shouldn't buy a truck. As far as financing then leasing to a company. Nothing wrong with that either as long as it's a good company paying on percentage. Still say all cash in is the only way to go but if you're able to finance still having that 3-6 months cushion you should be ok. I would also add in fully funded maintenance account a over those 3-6 months expenses. In my case that's $25,000 on the sideline.

 

$25000 total, or $25000 on top of the 3-6 months of the everything else?

#### this is so much saving lol

 

Also do you have any recommendations on company's that pay percent and are well established? Just to add another thing to be studying for

 

$25,000 is only the maintenance fund for the equipment. I didn't start out with that much and I #### near went broke in less than 2 months. Lessons can be expensive especially when you're green. I never recommend companies. Personally I don't think most wannabes are ready to deal with the business part and they'll blame everyone but #1 for the failure.