question about business license

Start studying... http://edmaclane.blogspot.com/2014/01/resources-to-learn-business-of-trucking.html

The answer to your second question is yes. And you will still put their info on your truck too.

 

I would do a business license and get a business bank account (checking for everyday transactions and a savings for the escrow for taxes). Most banks won't let you get the business account without the license. Without looking up mine, I believe it's called assumed name or something along those lines. By doing so, you tie your business expenses to the business and credit to the EIN. Have your pay go into the business account, then Pay for anything for the business out of that account, i.e. entertainment, food past the 150 mi radius, items for the truck that you must pay, laptop, etc. Pay yourself a salary out of that account to your personal account. By doing this, you make your bookkeeper happy. I know, married to mine for 14 years! There is a book that helped me out by Terry Norris called The First Time Class-8 Lease-Purchase Owner-Op Guide. you can find it online.

 

Just making a note here... You can get a fictitious name and an EIN as a sole proprietor. But a sole proprietor and their business(es) are all one and the same so there is no different credit rating or line of credit. The business credit will be the proprietors personal credit and all business debts and obligations will belong to the proprietor personally because no separate legal entity is created.
The book, The First Time Class-8 Lease-Purchase Owner-Op Guide, is the second link on my list of reference material in my blog post that I linked to in my previous post. I'm just pointing that out because it's a good list and I have that book on there along with the link.

 

I would recommend a corporation or at min. a LLC to give your self some personal protection. cover your a-s anything can happen out here.

 

Well said DrloveDFW.