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llc dot

Discussion in 'Ask An Owner Operator' started by diso114, Sep 17, 2022.

  1. Sep 17, 2022 #1
    diso114

    diso114 Bobtail Member

    1
    0
    Sep 17, 2022
    0
    i have my own llc and dot numbers does my truck have to be under my llc or can it be in my personal name and i just use it under my dot number
     
    diso114, Sep 17, 2022
    diso114, Sep 17, 2022
    #1
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  3. Sep 17, 2022 #2
    Judge

    Judge Road Train Member

    11,139
    71,276
    Mar 19, 2014
    Arkansas
    0
    You can own it, just put “Leased to Xyz company” on truck, then your dot numbers

    Don’t forget a lease agreement to put in truck for a few states, Oklahoma wants one i know
     
    Judge, Sep 17, 2022
    Judge, Sep 17, 2022
    #2
  4. Sep 17, 2022 #3
    Ridgeline

    Ridgeline Road Train Member

    20,710
    100,859
    Dec 18, 2011
    Michigan
    0
    What did your accountant say when you ask them.
     
    Ridgeline, Sep 17, 2022
    Ridgeline, Sep 17, 2022
    #3
  5. Sep 17, 2022 #4
    bamanation

    bamanation Heavy Load Member

    780
    879
    Jan 22, 2009
    Muscle Shoals ,AL
    0
    Mine would tell you to keep your name off of the door and run it under the LLC. You will also have legal protections of personal assets in the case of an accident by running it under an LLC.
     
    bamanation, Sep 17, 2022
    bamanation, Sep 17, 2022
    #4
    Keepforgettingmypassword Thanks this.
  7. Sep 17, 2022 #5
    wis bang

    wis bang Road Train Member

    3,059
    3,416
    Jan 12, 2011
    Levittown, PA
    0
    You want the title/regiatation and lease in the same 'name' using the LLC tax EIN number on the lease to keep the legal begles happy
     
    wis bang, Sep 17, 2022
    wis bang, Sep 17, 2022
    #5
  8. Sep 17, 2022 #6
    Ridgeline

    Ridgeline Road Train Member

    20,710
    100,859
    Dec 18, 2011
    Michigan
    0
    Every one has a different situation, and it may be the best interest for the op to talk to their accountant.

    But I agree, mine said no trucks in my name, however

    You don’t have the protections with an llc, any lawyer telling you that is lying.
     
    Ridgeline, Sep 17, 2022
    Ridgeline, Sep 17, 2022
    #6
    wis bang Thanks this.
  9. Sep 18, 2022 #7
    Keepforgettingmypassword

    Keepforgettingmypassword Heavy Load Member

    721
    931
    Jan 11, 2022
    0
    Would a tax lawyer help?
     
    Keepforgettingmypassword, Sep 18, 2022
    Keepforgettingmypassword, Sep 18, 2022
    #7
  10. Sep 19, 2022 #8
    Ridgeline

    Ridgeline Road Train Member

    20,710
    100,859
    Dec 18, 2011
    Michigan
    0
    yep!
     
    Ridgeline, Sep 19, 2022
    Ridgeline, Sep 19, 2022
    #8
    Keepforgettingmypassword and wis bang Thank this.
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