If I established an authority here in California or I established it out of state, apart from having to file my IRP in my home state (Cali) what are the advantages and disadvantages? at 1st I thought that I would save a ton of money starting one up out of state but, IRP is gonna cost the same no matter where I go right?......someone let me know
I am a California driver soon to be O/O with AB-5 looming......
Discussion in 'Ask An Owner Operator' started by Sinister310, Nov 16, 2019.
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AB5 is incredibly destructive in California to your plans. Leave the State and find a new one to call home and proceed. It wont be the end of it.
Its one thing to see a train coming at you which isnt good but quite another to deliberately tie yourself to rail hoping thats not the one with your name on it. Sooner or later you will be run out of there.Aamcotrans, WildTiger1990, Dino soar and 3 others Thank this. -
The sky is not falling and AB5 will not destruct the world. Been seeing comments not just here, but all trucking sites I visit. I've noticed most of the posters are the same ones who have always complained about Ca.
Diesel Dave, Bean Jr., dosgatos and 2 others Thank this. -
The way I understand it is since you’re getting your own authority AB5 won’t affect you.
Diesel Dave, Bean Jr., loudtom and 3 others Thank this. -
Just my opinion...
I don't see any reason for anyone to have an authority or a corporation out of your home state.
The states always get their money. Tax-wise you can't avoid taxes in your home state. You may even end up spending more having everything out of state.
When you file for your Authority you need to have an actual physical address that DOT most likely will come to give you your new entrant audit. That address is to be your principal place of business.
You also need to disclose to the insurance company the physical address that your truck will be parked at and what is HomeBase.
If for some reason you did not give them the authentic home base and something happened, they can easily deny your claim, which could be astronomical.
I see no reason to do anything outside of your home state.Bean Jr. Thanks this. -
If God would just snap it off into The Pacific, we wouldn't have these situations.
Tx Countryboy, mitrucker, FlaSwampRat and 4 others Thank this. -
Maybe give it to mexico and put a wall up there too??
JonJon78 Thanks this. -
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FlaSwampRat, Bean Jr., adayrider and 1 other person Thank this.
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Dino soar Thanks this.
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