Asking for your thoughts and guidance....

How aboUT insurance
Your own name or company name

 

Move south to TN and incorporate in DE!

 

Doesn't matter. If you own 1 truck and drive it yourself, the main factor is your age, driving record, and location. Credit score also plays a small part so if anything a new start up company with no credit history will have higher rates than a sole proprietor with good credit history.

 

I went the "LLC filing as a S Corp" route. I won't say that one way is better than the other but this seems to be alright for me. I'm sure sole prop works well for others if that's what they prefer.
As an example of why I like it, I paid myself $72,000 this year. $36,000 as a "reasonable" salary which had fed and state tax withholding as well as $5,508.00 in FICA (15.3%). The other $36,000 was taken as draws that also had the same fed and state tax withholding but no FICA is payed on draws in a S corp. So, the S corp saved me from paying another $5,508.00 to the government in additional FICA on the other half of my income.
This was the only reason I went that route, I didn't have any delusions of lawsuit protection. But, if I ever grow to the point of adding another driver, I'll already be properly setup to protect my personal assets should he ever get in an accident.

 

"From 1987 to 2007 only one suit has pierced the corporate veil of a Nevada corp".

https://en.wikipedia.org/wiki/Nevada_corporation

 

Rank, those are major c corps with a bunch of 500 dollar an hour attorneys doing things, not the typical llc one truck shop using a 50 dollar online legal form.

 

Nope. I'll buy you dinner. You might have been driving longer than me, but now that you've gone and bought a truck, you're the rookie!

Honestly man, I'll think you'll do fine. You've got the work ethic. That's the most important part. And you've got at least half a brain. A good recipe for success.