An 80/20 Split

Good to know. I'll make it a point to ask whether or not I get all the fuel surcharge whenever it is broken out, or if it's still an 80/20 split. Would this be a deal-breaker for you? If so, why?

Ah, okay. I've never used that kind of equipment, so that explains why I didn't know what it was. I've always pulled vans/reefers and a very, very occasional intermodal.

 

If I recall correctly, I'll be paying for all of my insurances.

 

Well, I figured I'd give myself a $0.02 raise (to $0.52) and include what I pay myself in my cost per mile analysis. Whatever profit I make above that would be banked into my LLC's checking account for rainy days, future growth, and a small quarterly bonus for myself. (I follow a modified version of Profit First by Mike Michalowicz.)

 

Thanks. I'll make sure to ask them when about this I get back to the office Monday.

I failed to mention that I'm not taking "advantage" of their benefits. Their medical and dental plan are very expensive and I have better coverage elsewhere. (I'm a veteran and my wife works for the government.) The company doesn't have a 401k and I'd rather invest on my own in an IRA. There is no paid time off; you can almost take as much unpaid time off as you want with some advanced notice.

If I did replace myself, I know of a service I could use for dirt cheap to open a 401k and group medical my driver, even for 1 employee...that'd put me ahead of my own carrier right off the bat. But first, I need to learn the business from the ownership perspective. I'll think about replacing myself in a few years.