Double Yellow's Company Driver to Independent Thread

Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.

  1. skateboardman

    skateboardman Road Train Member

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    I am a dinosaur too, I scan and then tranflo right from the truck
     
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  3. PALOU

    PALOU Light Load Member

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    What about Mc number?
     
  4. double yellow

    double yellow Road Train Member

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    If they are still giving them out, you will get it in step 6 along with the DOT#.

    They were going to drop MC numbers altogether last October, but it might have been delayed.
     
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  5. PALOU

    PALOU Light Load Member

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    Thank you double yellow
    One more thing yellow do owner operators need to feel form 720 ?its a question to ask while applying for an EIN
     
  6. PALOU

    PALOU Light Load Member

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    Here is my case I just bought one truck and try to put one driving in it
    so what is the simplest way for me to protect my personal assets .
     
  7. double yellow

    double yellow Road Train Member

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    My understanding is no, the typical owner op will not need to file a form 720.

    I believe where it comes into play is if you have your own terminal where you buy fuel, tires, etc in bulk (pretax).

    That'll probably be a state-specific question -- I'd talk to an advisor about your options: LLC, corporation, some sort of trust, etc
     
  8. dca

    dca Road Train Member

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    Nipton poe wasn't open yesterday. still doing wotk on it.
     
  9. truckerdo

    truckerdo Light Load Member

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    Man, what an amazing thread this has been to read through. Tons of amazing people contributing great, helpful and insightful information. It is priceless to get real time info/updates from someone that is doing the same thing that I am persuing.

    Up until black friday, I also was grinding it out on Poker Stars 60+ hours a week multi tabling sitngos for about 2 years. The day after I logged on to see that wonderful message from the DOJ I found out we had a kid on the way. At that point I figured either try and follow
     
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  10. double yellow

    double yellow Road Train Member

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    Its funny, when I first saw that fbi splash screen I remember thinking "well, there goes supernova elite..."
     
  11. truckerdo

    truckerdo Light Load Member

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    DY, what an amazing thread this has been to read through. Tons of amazing people contributing great, helpful and insightful information. It is priceless to get real-time information/updates of someone doing the same thing I am in the process of doing.

    Up until Black Friday, I was making a living grinding 60+ hours a week multi-tabling sitngos on PokerStars for about 2 years. The day after I recieved that wonderful DOJ letter I found out we had a kid on the way. I had two logical options, in my mind, either follow a poker circuit like wsop or go get a real job, ya know a good one that would require a piss test :(. With a good chunk of money tied up between a couple sites, alot of online pros going to play live and uncertainty about what results would be like….well, i’m on truckers report and not twoplustwo. Anyways..I got a little off track.

    I started a thread a few years back when I was thinking about going from company driver to o/o running under my own numbers. I was going through it lately and saw that you had posted a few times on there when you were deciding between companies to lease to. I ended up buying a truck and leasing to a small company, 30 trucks with about half of them being o/o and getting 78% pulling their trailer. I ended up parking my truck due to problems I couldn't resolve with emissions on my truck with the paccar engine. I recently traded in/ordered a new truck(kw t680 w/ cummins) that I was planning on leasing on, but now I am seriously considering my own authority again. I think going the lease route at first was a good decision. It was atleast a good learning experoence and a good stepping stone. I know rates have been pretty rough for a while now, but is that a reflection of the low fuel prices more than anything? Have you been running much lately or have you been parked, since the time of year? I guess I was just wondering how things have been going lately as far as rates and all. Also, do you think it was the right decision, for you personally, to run under your own numbers vs leasing onto your best choice company? Hope all is good.
     
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