Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

sole proprietor or LLC

Discussion in 'Trucker Legal Advice' started by freddie900, Feb 21, 2010.

  1. Feb 21, 2010 #1
    freddie900

    freddie900 Bobtail Member

    33
    3
    Jan 4, 2010
    indiana
    0
    I have a full time job that does not require me drive . I own 1 truck that i'm putting a driver in. I want to keep my taxes from my job separated from my taxes I will owe for operating my trucking business.Which is the best way to go sole proprietor or LLC ? One last thing I might drive on the if the driver calls off sick and he has already pick up the load and can't deliver it.
     
    freddie900, Feb 21, 2010
    freddie900, Feb 21, 2010
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Feb 21, 2010 #2
    musicmaker

    musicmaker Medium Load Member

    561
    145
    Dec 25, 2009
    Fort Madison, IA
    0
    definitely incorporate, that driver could have an accident and unless you incorporate you'll be financially responsible
     
    musicmaker, Feb 21, 2010
    musicmaker, Feb 21, 2010
    #2
  4. Feb 22, 2010 #3
    freddie900

    freddie900 Bobtail Member

    33
    3
    Jan 4, 2010
    indiana
    0
    what about taxes purposes?
     
    freddie900, Feb 22, 2010
    freddie900, Feb 22, 2010
    #3
  5. Feb 22, 2010 #4
    Mr. PlumCrazy

    Mr. PlumCrazy Road Train Member

    1,341
    606
    Jul 30, 2009
    Lexington NC
    0
    Regardless of corp status he will still be financially responsible and can be sued. Incorporating do not remove you from being legally responsible it just gives you the ability to separate you corp tax from you personal tax and the ability to take tax breaks not available on your personal taxes. That said OP this is a question that would be better answered by a local tax adviser some states have different laws governing corporate taxes. But LLC or S Corp would be a better choice over sole proprietor.
     
    Mr. PlumCrazy, Feb 22, 2010
    Mr. PlumCrazy, Feb 22, 2010
    #4
    Baack Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.