So you want to "own " your own company

dont most companies check the crim record ?

 

Thank you for this quote( both of you), I am thinking about the option of buying a truck and leasing it on with someone we(wife and I) know.

 

I am thinking about buying a truck and leasing on with a friend of my wife and I. If memory serves right the company name(been a couple of years since I asked him) is Landstar. They haul containers out of the DFW area.
I just copied information on the steps to starting the company and will look at it all.
This may sound weird but I will put the questions out there. Speculation from me at this time is that it will take purchase of truck, registration of truck, permits, tax numbers, bank accounts, laptop, all-in-one printer/scanner, air card, business licenses, insurance, and plenty of cash to handle the operation of the company.
Am I reading this right?
About how much cash should be available for a 6 month time period?
Limited use of credit cards in emergency only advisable?
Any advise is appreciated and thanked.

 

If we're talking numbers only and not considering any settlements, you'll want at least 50-60k for operating overhead. Realistically you should be getting paid before then, so that much won't probably be needed. For the first couple of months though it'd be easy to burn through 20k in fuel.

The process of leasing on with Landstar is lengthy, and can take months. They are picky from what I've heard. Also, they may require x number of months as an O/O before they take you on. One of the landstar O/O will likely chime in and brief you on those details.

If I were you, the first thing I'd do is to become an OOIDA member. They have a great business assistance department that will be able to answer nearly all of your questions, and they will help you get everything lined out. Plus as a member, you enjoy many discounts and benefits that equal big cash savings.

Good luck.

 

thanks for the info JT i also was wondering about the flat bed driver leasing thing you were talking about. Me and my partner formed and LLc an are looking into the game. My question is you make more money with a flat bed then a van if so can you inform me on the ins and out of the deal.

 

thanks for the info you posted and I've been through the tag and ins with a friend. I'm in the process of getting my own truck is there any info you can give on financing with little credit? Just an ole country boy that pays for what he wants without borrowing. just cant afford 20g's for a 86 359 to run regional flat. and yes 86 is worth every penny.

 

Wow thanks for the info.

 

anybody know anything about exxact transport out of lakeland fl? thinking of leasing on with them but havent found much info on them

 

hey what's it like working for Schnieder Intermodal (Chicago)? I was thinking jumping in this intermodal job 55K a year i that right? also could u work a 6 day for overtime?

 

That's because anyone leased there is too poor to own a computer. I've known a few o/o that gave them a try, but in the end they are just another cheap FL company.