In your FMCSA Portal, in the company information/USDOT Registration section, is your legal name the name of your company, or is it your name? Is it the name on the door of your truck?
I just tried to get my insurance company to file BMC-91, and they can't because the policy is under my name, but my legal name at FMCSA is the trucking company name.
So I have the options to change the name at FMCSA, or do a policy re-write with the company name.
Which one should I do?!
Legal Name question
Discussion in 'Ask An Owner Operator' started by God prefers Diesels, Aug 10, 2020.
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Payroll Tax forms need the business entity listed.
Fmcsa/DOT requires proof you are register as a legitimate trucking company.
Did you set up a LLC, S Corp or a Sole Proprietorship?
As each is different and carries different liabilities. MUST PROVIDE PROOF OF INSURANCE.
You should talk to a CPA before filing for a business license to operate as a independent or a company.Last edited: Aug 10, 2020
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Rideandrepair, God prefers Diesels, JolliRoger and 1 other person Thank this.
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Edit: Right now, it's sole proprietorship. Since I'm changing to LLC, do I need to do an updated MCS-150? The name of the company will change from "Areta's Lightning" to "Areta's Lightning, LLC". If so, do you think it will change my MC number? I'd like to get my signage made.
Thanks for the help, guys. -
Updating Your Registration or Authority | FMCSARoger.B1240 and God prefers Diesels Thank this. -
This a little of topic of your original post but keep in mind the LLC doesn't do much good in a liability situation if it isn't run as its own company as in credit cards, charge accounts and things like that should be in LLC as well. In the event of lawsuit, if there isn't a clear separation between personal and business, your personal assets are up for grabs as well
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Hey hot stuff
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