just switch from a company driver to doing a lease program with the same company. I just got my LLC and EIN approved. I run as a team with my Fiancee and everything so far is under my name (for tax purposes) and I'm not sure of the next steps we need to take to be fully compliant, we are based out of KC, MO. we don't run under our own authority, 75% of the loads, $0.12 per mile maintenance plan, loves fuel discount, bobtail and freight insurance is taken out from the settlement each week, all other permits, fuel tax, and apportion license is taken care of by the company. Do we need any other business licenses, additional forms or who in what profession can we talk to to find out what else we need before we can use the LLC officially.
Right now for the end of the year we are sticking with a pass-through sole-proprietor and then switching to a s-corp for next year so my fiancee can be a w-2 employee instead of 1099. Right move? Or too much for just the two of us?
Any additional advice or pointers are definitely appreciated, we don't have any family or close friends to ask advice on in the trucking industry.
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LLC on a lease program, Advice? Pointers?
Discussion in 'Lease Purchase Trucking Forum' started by TheChisholmTeam, Oct 30, 2021.