So you want to "own " your own company

The state may need a copy of your carrier's authority, dot number, insurance and lease. That is all that most state's require. You may check your state website and see if they have a list of what is required for those wanting to base out of Florida. My state has a complete list that I can get off of their website. I would expect that Florida has the same thing.

 

Yes they did require just those things until the first of the year then the proof of residency for florida companies kicked in. I don't understand it either it should be simple and easy, but these guys down here keep making more complicated. We'll get er figured out. Thanks for you help and happy trails...

 

Permits cost for 48 States a year, thank you all

 

Not all states require permits unless you're running oversize stuff. It also depends on what you're hauling. Some states have permits for hauling alcohol. The states I can think of off the top of my head that you need to deal with are New Mexico, Oregon, New York,and Kentucky. I'm drawing a blank on any others at the moment.

 

Hello everyone i have a question for guys with their own authority. besides just doing logbooks what other papperwork must you do on the daily basis. I always been lease under someone else authority & i'm interested, i keep hearing that it's alot of paper work to do.I just want an idea of the paperwork you guys deal with daily or weekly basis.

 

Your IFTA/IRP paperwork which is about the same stuff. Then you have the load paperwork and invoices for the loads you haul. Tracking your fuel purchases and other purchases for tax and IFTA is another one. Those are the main ones I can come up with off the top of my head while I'm sick. Not operating as an O/O right now, but have put everything together for my hubby to eventually get his own truck.

 

Thank you very much for that info Lilbit, That is a big difference from what i do daily. wow

 

It's not as hard as it sounds. The state you're registered in should have the forms you need to be using for the IFTA/IRP stuff. You will need to keep track of the miles and highways you drive in each state for IFTA/IRP.The rest of it is pretty much just transferring the numbers from your receipts to some sort of spreadsheet or something else.

If you are using a broker for your loads, they will let you know what you need to turn in to them to get paid. Any place else you book loads through will have a particular procedure that you will need to follow to get paid for loads too.

 

On a daily basis about the only thing you need to do is keep track of all miles driven and gallons purchased by state. If you have been leased to a carrier you should be doing that now. Of course, you will need to do paperwork for each load you commit to haul. You will need to sign a contract with each new broker or shipper with which you do business. Most will require a signed contract before they send a rate confirmation. Make sure to read each contract over very carefully and don't be afraid to change anything that you don't agree with or walk away from the load. I never sign a contract that completely one sided. And I ALWAYS read EVERY work of any contract before I sign anything. You will spend a lot of time on loadboards, watching a computer screen, making phone calls a and booking loads. Of course, there is the bookkeeping and other aspects of running your business.

 

I remember here on one of the post, not sure which thread it was, but about a year ago, someone posted all of the stuff you need to do daily, monthly, etc, to run under your own authority. Of course that may also have increased considering some of the new laws that kicked in 1 Jan. But check some of the threads, look for ones about authority. Who ever it was, they had a pretty accurate list.