Licenses

Discussion in 'Ask An Owner Operator' started by Amorgan127, Jan 18, 2010.

  1. Jan 18, 2010 #1
    Amorgan127

    Amorgan127 Bobtail Member

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    Jan 18, 2010
    birmingham alabama
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    I have a question my husband has purchased a truck and wants to operate as an owner operator.My question is if he puts his truck on with another company what are the licenses that he would need.Will he need a Fed id number and business licence.I need help on where to start.
     
    Amorgan127, Jan 18, 2010
    Amorgan127, Jan 18, 2010
    #1
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  3. Jan 18, 2010 #2
    RickG

    RickG Road Train Member

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    Owensboro , KY
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    If he bought a truck for business there are many questions you need answers for . Even he is leased to a carrier the truck is working for the carrier , not him . He is self employed . You need to find a good tax professional , either an enrolled agent or CPA . It's best to know all the possible deductions and obligations from day one .
    He shouldn't need a business license .
     
    RickG, Jan 18, 2010
    RickG, Jan 18, 2010
    #2
  4. Jan 18, 2010 #3
    bobobrazil

    bobobrazil Medium Load Member

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    Nov 28, 2007
    In Front Of You
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    Assuming he has a CDL...right. If he leases on to a company they will probably provide a license for the truck and take out payments from his settlements. He will need a paid IRS 2290...costs $550 per year and is pro rated. Check with former owner of the truck as the 2290 goes with the truck. Of course there are all kinds of insurance issues that he will have to work out with whoever he leases on with. Good luck.
     
    bobobrazil, Jan 18, 2010
    bobobrazil, Jan 18, 2010
    #3
  5. Jan 18, 2010 #4
    slabrunner

    slabrunner Light Load Member

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    Jan 17, 2010
    Muskegon, MI
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    has purchased a truck

    What type of truck, may I ask?
     
    slabrunner, Jan 18, 2010
    slabrunner, Jan 18, 2010
    #4
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