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Independent Contract Driver

Discussion in 'Questions From New Drivers' started by mpd240, Sep 26, 2011.

  1. Sep 26, 2011 #1
    mpd240

    mpd240 Road Train Member

    1,540
    3,625
    Sep 17, 2011
    Minnesota
    0
    I have recently gotten my CDL and was hired by a company part time as a contract driver. I am an independent contractor and must submit a bill to them for my hours and expenses. My biggest question is should I operate as a sole proprietorship or as an S corporation. I am concerned that if I have an at fault accident the liability issues will fall to me. The sole proprietorship is easier when it comes to doing taxes. The S Corporation gets complicated.
     
    mpd240, Sep 26, 2011
    mpd240, Sep 26, 2011
    #1
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  3. Sep 26, 2011 #2
    Zogg

    Zogg Bobtail Member

    23
    9
    Apr 29, 2011
    Southern Nevada
    0
    Look into an LLC they are easy to set up and can be taxed as a sole proprietorship. As always do your research and get sound advice.
     
    Zogg, Sep 26, 2011
    Zogg, Sep 26, 2011
    #2
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