(Pinoy Express International Inc.) Partnering with Schneider National and The Choice Program

"I am currently a Schneider company driver" would probably be the shortest answer.

However, to answer your question more directly?

Mercer is a flatbed company or as far as I know, mostly flatbed. I don't enjoy tarping loads in 20 degree weather or dealing with a tarp at all.

I could have leased my own "covered wagon" but running a flatbed for 5+ years.... I guess I'm just not interested in that work anymore.

Landstar states that they require you to have previous "Lease" experience. This will be my first "Lease". I state "Lease" but this is a mere stepping stone to larger things.

Interstate.... Interstate likes to keep some things hidden.... Mostly their rates. I have nothing negative to say about Interstate. From what I have heard and read, they are a good outfit to lease on with. But I do believe Schneider has a much larger freight pool to pull from. This is not theory, it's a fact.

A much larger reason for this decision, besides the above mentioned, would be this:

Starting a business from the ground up as well as starting a corporation as opposed to other entities has its own challenges.

The last thing I wanted to do at this point in time was to have to re-learn the processes involved in simply moving freight. Each of those companies, as well as any other, have their own "way" of doing things.

 

So, you want to lease? You want to start your own business? You want, you want, you want.... But you don't know where or how to begin.

Well let's start off by stating that old cliche, "nothing worth doing will be easy". This holds VERY true in the trucking industry.

Before I get started I'd like to reiterate one key fact as I don't want anyone reading any earlier posts and calling me a "liar".

I stated a few months ago before I took a trip outside this country that when I returned I was going to "Lease" and was going to show how it could be done with nothing more then my last "company" paycheck and with "NO" credit.

Let me confess a few things here and now.

The time is drawing near for this journey to truly begin, but before it does, let me explain what money I have spent so far on this business.

All this money spent was due to personal choice. You DO NOT NEED to spend this money to start your own business.

Also! Keeping with the spirit of this experiment, I only used money acquired from weekly "company" paychecks and lived solely off of what remained.

FIRST:

My truck....

Through SFI you have your choice of a couple different truck options. But to simplify, you basically have NEW or USED Freightliner Cascadias and Kenworth T680's.

Yes, you can get other trucks but I'm trying to keep this simplified. If you are truly that interested, contact SFI @ https://sfitrucks.com

I chose a USED 2015 Kenworth T680. There are a few reasons for this choice and to eliminate the arguments about what truck is better, what engine is better...ect... ect... Ill tell you the main reason.

The main reason I chose this truck was due to it having a diesel APU. Why is a diesel APU so important?

Well you will find out that a battery powered APU will not be enough to run your truck and A.C. and be able to keep your truck cool enough through a complete 10hr break in the dead of summer without having to idle your truck.

Idling your truck burns approximately 6 gals of fuel in 10 hours as opposed to approximately 1/2 gal from the diesel APU. That's a savings of approximately $16.50/day, $495/mn or $1485/ 3 month summer or (90) 10hr breaks.

Do you see the savings here? I hope so. So what did it cost me? What will that savings cost you?

You "Lease" without one and want to add it..... Around $10,000 - $12,000

You want a new Kenworth T680 (equipped with one) $7000 down payment

A new Cascadia? (Optional upgrade) $3000 down payment.... This down payment is to equip the truck with that $12,000 APU.

Or in my case. I made the best decision (in my mind) to get the truck I wanted, with the APU I wanted, all for the lowest down payment for a truck with a diesel APU. My down payment was $2000.

Even a used Cascadia will cost you $3000 unless you can find that "unicorn" that someone opted to equip with a diesel APU then either didn't make it or upgraded. (I doubt this will happen).

SECOND:

I INCORPORATED!!!!

I incorporated for certain personal reasons that will be discussed later as my journey takes you...... well......, on a journey.

I used www.mynewcompany.com and I paid $403.

You can incorporate yourself without a 3rd party or opt for an LLC which is cheaper, or you can become a sole proprietor for free.

This is personal preference and it all depends on what your goal is for your particular situation. I suggest you simply educate yourself before making a choice as you want to select the right choice the first time. Paperwork and corrections are sometimes more of a headache and often times more money.

In my case, I had to pay an additional $25 state fee and forfeit $99 that was included in the package I bought because of an issue going on with Capital One. (Again, will be explained in detail later)

So there you have it. My confession. Besides some odds and ends like a printer, laptop, and cell phone..... My "starting costs", NOT to be confused with "start-up costs", for MY BUSINESS were $2423 ($20 for wire transfer of $2000 to SFI) I will explain "start-up" costs later.

Again, this was done with nothing more then some planning, sacrifice and savings from my weekly "company" paychecks over the last 4 weeks.

 

There are many reasons but I believe it mostly comes down to just two when referencing an "LLC".

Get ready for the backlash!!!!!! AHAHAHAHA

Laziness and lack of educating themselves.

The "security" or "liability" is similar but the taxation is where the most difference occurs. (If you would like a pretty clear explanation please visit: https://www.incorporate.com/comparing_corporations_llcs.html)

LLCs require much less "work" but as the "owners", you WILL BE TAXED on ALL profits and losses.

If you elect an "S" Corporation filing status, you as an "owner" will only be taxed on what the "corporation" "pays" you NOT on what the corporation makes in "net" profits.

And that is what the main difference between an "S" Corporation and a "C" corporation is. In a "C" corporation, company "net" profits are also taxed. This is why it appears to be or why they deem it "double" taxation.

But what business structure you choose to file your business under is completely up to you. There are advantages and disadvantages to each one of them. It all depends on what you want out of your business.

 

No sir, I didn't miss that. I was briefly describing the biggest differences between them.

Yes I'm aware that an LLC can elect the "S" Corporation filing status, but I'm also VERY aware how easy it is for almost any lawyer to "pierce the veil" as they say when it comes to an LLC. There is no real separation between the owner and company.

With a corporation, you have documentation and "proof" that the separation exists beyond a reasonable doubt if the paperwork is kept consistent and up to date.

I didn't want to get into a huge debate over which business structure you should elect. It's up to the individual, as I stated.

And as I stated, and you reiterated in your counter argument; it's mostly "laziness".

"Llc's require way less work and paperwork each year compared to the corporation, that's why the llc structure was created as the alternative to the Corporation for the small business owner." = (in my opinion, laziness)

People opt for an LLC because it's LESS WORK.... But you make a trade-off of true asset protection of or when "SHTF" as they say.

This point can be argued till we are all blue in the face.

As stated, elect whichever business structure you wish and always hope for the best

 

So I'd like to add a letter that I wrote and sent on behalf of PINOY EXPRESS INTERNATIONAL INC. to Capital ONE.

This is only intended to demonstrate the assertiveness you sometimes have to use as a business owner to get things accomplished.

As a precursor to this letter, understand this: I have been battling with Capital ONE to show ownership of this Corporation for over a week now with little to no prevail in order to open a business checking account.

This again is intended for those that are very passive in their pursuit of "their" dreams.

The letter:

Please find enclosed a copy of Pinoy Express International Inc's Banking Resolution with corporate seal.

I am still awaiting the State of Ohio's return of amended documents which in fact was completely unnecessary. However, if you still have any questions on who owns and operates said Corporation, I would suggest you get with your legal advisors as the Banking Resolution sent on behalf of PINOY EXPRESS INTERNATIONAL INC is in itself a self evident document which is legal and binding.

You have been sent enough documentation as to abide by all state and federal laws in order to open any business account. In fact, you have been sent documents that were exceedingly identifying and which have allowed possibility for a breech in company security.

At this point I must assume it is pure ignorance as to why an account has not been issued.

I suggest that you refer my account to upper management if you do not understand the documents sent.

You currently have in your possession PINOY EXPRESS INTERNATIONAL INC's

SS-4 form

IRS form 2553

Articles of Incorporation from the State of Ohio

PINOY EXPRESS INTERNATIONAL INC State Certificate #3*******

A signed and sealed Banking Resolution from a director of PINOY EXPRESS INTERNATIONAL INC.

My personal drivers license

Again, I am still awaiting receipt of the amended Articles of Incorporation as to satisfy your inept want to show me personally as the "registered" agent to PINOY EXPRESS INTERNATIONAL INC.

The state of Ohio does not ask for nor offer a place to list or inscribe the actual names of directors, owners or shareholders of said Corporation.

All of those details are conducted during the FIRST meeting of shareholders and directors for PINOY EXPRESS INTERNATIONAL INC.

This is not some fly by night LLC that you may be used to. It is a CORPORATION and will be conducted as such.

Please let me know if we will be moving forward together.

Thank you on behalf of,
PINOY EXPRESS INTERNATIONAL INC.

Their response in less then 2 hours?

 

Thanks for all that information. I truly appreciate it as will the readers here that are looking to educate themselves.

I feel as though you took my previous message a little too personal.

I stated "in my opinion"..... I understand that you have an LLC and took offense when I referenced LLC = Laziness.

That was NOT a direct personal attack on your character sir. It is merely my opinion on this matter.

I understand your arguments you make but I will have to respectfully disagree with some of them. But this is my Right sir, so no need to be hostile on this point.

But since you brought it up, I must inquire about "commingling funds"

As a business owner and not simply a truck driver looking for a bigger paycheck, there should NEVER be "commingling funds".

That is why, as one of the owners of this Corporation, or any business entity, your first act of business proceeding your initial formation of whichever business entity you decide upon, should be followed immediately by the formation and acquisition of a "business" banking account.

Checking or savings doesn't matter as long as it's a completely separate account in the "business" onlys name.

All business transactions must go through this account ONLY and any business activities directly involving you, funds to you or any transfer of assets to you MUST BE DOCUMENTED and presented as your company's "BUSINESS".

I.E. Prior to me having completed enrollment of the "business" checking account, a down payment for my "Lease" vehicle was due.

I, as ME, made the payment to SNF in the amount of $2000. This would be "commingling funds" as the link would be made by a lawyer. To rectify the "piercing" that could occur I will simply do this.....

I submit my receipt to PINOY EXPRESS INTERNATIONAL INC and ask for reimbursement of my personal funds for business related expenses. I then document the reimbursement through payroll and fund the reimbursement out of PINOY EXPRESS INTERNATIONAL INC's "business" checking account back to "ME".

I have then rectified the potential "piercing" and eliminated any "commingling" of funds.

Speaking of funds..... I'm having lots of fund doing this.... AHAHAHAHA

See what I did there LMAO!!!!