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Just got my authority

Discussion in 'Ask An Owner Operator' started by andysdls, Sep 9, 2020.

Page 1 of 2
  1. Sep 9, 2020 #1
    andysdls

    andysdls Bobtail Member

    1
    1
    Sep 9, 2020
    0
    I just got my authority a few days, I've found a factoring company I would like to go with. Problem is, i have everything done except proof of business. I've registered with the irs, i have an fein number. I'm uneducated on how to register on a state level though. Everyone I have spoke with also can't tell me what exactly is needed for trucking. Do I register for my ifta, and thats it? I'm totally lost? Any help would be greatly appreciated. I'm in GA. Thanks
     
    andysdls, Sep 9, 2020
    andysdls, Sep 9, 2020
    #1
    6wheeler Thanks this.
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  3. Sep 9, 2020 #2
    Chinatown

    Chinatown Road Train Member

    77,373
    181,560
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Chinatown, Sep 9, 2020
    Chinatown, Sep 9, 2020
    #2
    Rideandrepair, Wespipes, olddog_newtricks and 1 other person Thank this.
  4. Sep 9, 2020 #3
    staceydude

    staceydude Road Train Member

    1,149
    5,015
    Apr 3, 2020
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    Do you mean registering business as far as LLC goes? Some info here, you can also use a place like legalzoom or whatever however it is really straight forward if you file online. I would do it myself as you will know exactly how it was done if someone wants to ask questions later. File online (at least in Texas it is weeks faster)

    Register a New Business in Georgia

    Register an LLC with Georgia Secretary of State
     
    staceydude, Sep 9, 2020
    staceydude, Sep 9, 2020
    #3
    Rideandrepair and ChevyCam Thank this.
  5. Sep 9, 2020 #4
    kimbosa

    kimbosa Medium Load Member

    524
    351
    Jul 4, 2011
    lufkin texas
    0
    Dba our lcc with your court house.very easy then take it and open a bank acct. Under that name.
     
    kimbosa, Sep 9, 2020
    kimbosa, Sep 9, 2020
    #4
    Rideandrepair Thanks this.
  7. Sep 9, 2020 #5
    Atlanta trucker

    Atlanta trucker Road Train Member

    1,605
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    Jan 25, 2017
    0
    Atlanta trucker, Sep 9, 2020
    Atlanta trucker, Sep 9, 2020
    #5
    Rideandrepair and danny23tx Thank this.
  8. Sep 9, 2020 #6
    6wheeler

    6wheeler Road Train Member

    2,696
    4,774
    Aug 30, 2009
    0
    Factoring companies target new authority because they will own legal ownership of your business, but will not tell you that. If you decide to try to leave they will hold your customers hostage and you as well until they feel like writing a release when ALL of the accounts are paid in full. I've been through 2 of them and they can drive you out of business
     
    6wheeler, Sep 9, 2020
    6wheeler, Sep 9, 2020
    #6
    Dino soar and Rideandrepair Thank this.
  9. Sep 9, 2020 #7
    RunningAces

    RunningAces Road Train Member

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    Jul 2, 2017
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    I dont know how useful this will be as I've not watched it and I don't live in Georgia. This is what popped up with a youtube search though so good luck.
     
    RunningAces, Sep 9, 2020
    RunningAces, Sep 9, 2020
    #7
    Rideandrepair and Speed_Drums Thank this.
  10. Sep 10, 2020 #8
    SteveScott

    SteveScott Road Train Member

    4,897
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    Nov 10, 2015
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    Holy cow, this is a train wreck before it even gets started.
     
    SteveScott, Sep 10, 2020
    SteveScott, Sep 10, 2020
    #8
    Rideandrepair and Long FLD Thank this.
  11. Sep 10, 2020 #9
    MadX

    MadX Bobtail Member

    9
    2
    Sep 8, 2020
    0
    How much capital do you think is required to float loads starting out as a single truck?
     
    MadX, Sep 10, 2020
    MadX, Sep 10, 2020
    #9
    Rideandrepair Thanks this.
  12. Sep 10, 2020 #10
    SteveScott

    SteveScott Road Train Member

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    Nov 10, 2015
    0
    Book loads through Convoy and Uber so you don't need factoring. Over half of my annual business is through Convoy, and I get paid within a couple days on every load with no factoring fees.
     
    SteveScott, Sep 10, 2020
    SteveScott, Sep 10, 2020
    #10
    Teacher2Trucker, Dino soar, Rideandrepair and 4 others Thank this.
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