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Should I start my own LLC or run under someone else's?

Discussion in 'Ask An Owner Operator' started by kameleon, Jun 28, 2019.

  1. Jun 28, 2019 #1
    kameleon

    kameleon Bobtail Member

    40
    19
    Jun 28, 2019
    0
    Hey guys excuse my ignorance I'm a new owner operator. I just bought a truck but I don't know if I should run under my own business name or use my dad's business name because he's already been in the business for 20 years. I'm trying to start working at this job but I don't have my MC number (I already have a DOT # and business name) and FMCSA told me that it takes at least 3 weeks to get the MC number. Since I just bought my truck I need to start working right away to start making money to pay for my truck. My dad is kind enough to let me be his "employee" and run under his name if that would be easier and he wouldn't even charge me, but I kind of want to use my own business name because it means something to me but at the same time I can't afford to wait a month to get my MC #. Any advice would be greatly appreciated.
     
    kameleon, Jun 28, 2019
    kameleon, Jun 28, 2019
    #1
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  3. Jun 28, 2019 #2
    Opendeckin

    Opendeckin Medium Load Member

    452
    1,261
    May 20, 2018
    0
    Run under his authority until you get your authority set up. You won't be a part of his llc unless you sign paperwork allocating you ownership or a role in it. You will by default be a sole proprietor until you set up a different business structure.
     
    Opendeckin, Jun 28, 2019
    Opendeckin, Jun 28, 2019
    #2
  4. Jun 28, 2019 #3
    Ridgeline

    Ridgeline Road Train Member

    22,367
    116,019
    Dec 18, 2011
    Michigan
    0
    Just get a lease agreement with his carrier to be legal, you can't just run under his numbers. Once you do that, save your money and run it until the cows come home.
     
    Ridgeline, Jun 28, 2019
    Ridgeline, Jun 28, 2019
    #3
  5. Jun 28, 2019 #4
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,602
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    Jan 13, 2013
    SW Arkansas
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    You could run under his authority until you get ready to go on your own. But he will have to have to usual driver qualification files, drug test etc on you before you start running.
     
    kemosabi49, Jun 28, 2019
    kemosabi49, Jun 28, 2019
    #4
    wis bang Thanks this.
  7. Jun 28, 2019 #5
    HoneyBadger67

    HoneyBadger67 Road Train Member

    2,056
    4,512
    Dec 15, 2018
    Savannah, TN
    0
    If he isn't charging you, just ask if he'd add "and Son" to the company. You cant beat an established DoT number and, from what I've read, it takes a while for a new number to gain any respect.
     
    HoneyBadger67, Jun 28, 2019
    HoneyBadger67, Jun 28, 2019
    #5
    rank Thanks this.
  8. Jul 4, 2019 #6
    rank

    rank Road Train Member

    9,918
    113,503
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    +1. Buy the LLC from your father. No new entry audit and depending on the state you're in, nobody will know who owns the LLC since they don't track ownership. If we learned anything from the Denver crash last April by Castellano 03 Trucking LLC, this an excellent strategy to escpae litigation and liability (so far).
     
    rank, Jul 4, 2019
    rank, Jul 4, 2019
    #6
    77fib77 Thanks this.
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