question for those of you that formed a LLC.

Discussion in 'Ask An Owner Operator' started by fptransport, Sep 20, 2012.

  1. fptransport

    fptransport Bobtail Member

    31
    7
    May 8, 2012
    78230
    0
    Hello, and many thanks in advanced....

    So, I opened my own company a few months ago, having been a fleet owner at a company for many years I decited to take the higher risk and got my MC authority, however I believe I made some mistakes, I got my MC# as a sole proprietor with my registered DBA, I now want to form a LLC or limited liability Corporation, my question for those of you that might of had the same issue is, Did you have to apply for a whole new MC? or were you guys able to just apply for a name retitle with the FMCSA?

    thanks once again this forum has been really helpful on a lot of good info gathered on all this pages,,,
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. VisionLogistics

    VisionLogistics Road Train Member

    1,551
    978
    Dec 8, 2011
    Jellystone
    0
    You may change the name of your operation only if there is no change in the ownership, management or control of the company. The information can be changed on the Internet at http://safer.fmcsa.dot.gov . Select Federal Motor Carrier Safety Administration; FMCSA Registration Applications; and Name Change. There is a $14 fee for the name change. (Note: If there is a change in ownership, management or control of the company you must file a Transfer Application.)


    If you would like to mail your name change (legal or trade name) and are paying with a check or money order, a letter must be sent to the FMCSA at P. 0. Box 70935, Charlotte, NC 28272-0935, overnight address is Bank of America, Lockbox #530226, 1075 Loop Road, Atlanta, GA 30337. The letter must contain the current name and the new name, and the statement that there is no change in ownership, control, or management of the company. If you have incorporated, you must send a copy of the Articles of Incorporation.


    If you prefer to put the fee on a credit card but do not have access to the Internet, you may mail your request to FMCSA, Licensing Team, 1200 New Jersey Avenue SE, Washington, DC 20590. The letter must contain the current name and the new name, and the statement that there is no change in ownership, control, or management of the company. If you have incorporated, you must send a copy of the Articles of Incorporation.

    http://www.fmcsa.dot.gov/about/other/faq/faqs.aspx#question25
     
  4. fptransport

    fptransport Bobtail Member

    31
    7
    May 8, 2012
    78230
    0
    thanks,, I read that but was a little confused as to when I form a llc, I'm gonna be required to get a new FEIN for the llc and I'm not sure if that is considered(legally) a changed in ownership
     
  5. VisionLogistics

    VisionLogistics Road Train Member

    1,551
    978
    Dec 8, 2011
    Jellystone
    0
    No, I don't think so. You're changing the legal / trade name, but the control, management and ownership are staying the same, so a name change should suffice.
     
  6. fptransport

    fptransport Bobtail Member

    31
    7
    May 8, 2012
    78230
    0
    thanks for the reply, I'm gonna check if I can form the llc today
     
  7. Ruthless

    Ruthless Road Train Member

    9,108
    90,356
    Aug 28, 2010
    The City.
    0
    When you form an LLC as a sole proprietor, that FEIN is permanently linked to your SSN as you are the only owner. Shouldn't be a huge deal. Basically from their standpoint you are the same person, just now you are an incorporated entity.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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