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New o/o is offering me a job

Discussion in 'Ask An Owner Operator' started by youngclarkh, Jul 9, 2015.

  1. Jul 9, 2015 #1
    youngclarkh

    youngclarkh Light Load Member

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    Jun 14, 2014
    0
    Friend of mine is buying a truck and wants me to drive for him. Offering me 40CPM and profit sharing. I have no clue if that is a reasonable offer.

    I was thinking I would rather just get paid a percentage of each load. Or even better, get paid a flat weekly salary ($1400?) to drive as many miles as is needed.

    I thought I'd see what other O/O have to say. If someone can steer me about the right questions to ask I would be most grateful.
     
    Last edited: Jul 9, 2015
    youngclarkh, Jul 9, 2015
    youngclarkh, Jul 9, 2015
    #1
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  3. Jul 9, 2015 #2
    MJ1657

    MJ1657 Road Train Member

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    Jan 28, 2012
    Isanti, MN
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    1099 or W2?

    Explain the profit sharing.
     
    MJ1657, Jul 9, 2015
    MJ1657, Jul 9, 2015
    #2
    baha Thanks this.
  4. Jul 9, 2015 #3
    77smartin

    77smartin Road Train Member

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    I dunno.
    0
    Can you see your friend being your boss?
     
    77smartin, Jul 9, 2015
    77smartin, Jul 9, 2015
    #3
  5. Jul 9, 2015 #4
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    I was thinking along the same lines. Quickest way to end a friendship is to go into business with a friend.
     
    kemosabi49, Jul 9, 2015
    kemosabi49, Jul 9, 2015
    #4
    larry2903 and Big Don Thank this.
  7. Jul 9, 2015 #5
    youngclarkh

    youngclarkh Light Load Member

    81
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    Jun 14, 2014
    0
    I like him and trust him. I think the answer is yes. I would rather work for him than be a business partner with him. That way if I'm not being treated right I can just walk away.
     
    youngclarkh, Jul 9, 2015
    youngclarkh, Jul 9, 2015
    #5
  8. Jul 9, 2015 #6
    Old Man

    Old Man Road Train Member

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    Apr 3, 2009
    Oklahoma City, OK
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    Does he have the cash to keep afloat till things get going. Not 1-2 weeks but several months.
     
    Old Man, Jul 9, 2015
    Old Man, Jul 9, 2015
    #6
  9. Jul 9, 2015 #7
    TaylorMade407

    TaylorMade407 Road Train Member

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    Orlando,FL
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    Need a lot more details. Who's dispatching? 40 cpm on how many miles? What's profit sharing. What kinda trailer are you pulling? Any Bennys? Detention? Breakdown pay? Loaded and empty or loaded only?
     
    TaylorMade407, Jul 9, 2015
    TaylorMade407, Jul 9, 2015
    #7
  10. Jul 9, 2015 #8
    Starboyjim

    Starboyjim Road Train Member

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    Weed, CA
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    Need a LOT more details. Is there enough company structure for a 401K program? Is there profit already? Like MJ said, 1099 or payroll makes a major difference. Seen the rates on Obabacare? Self-employment tax? Take a hard look, think of your own future.
     
    Starboyjim, Jul 9, 2015
    Starboyjim, Jul 9, 2015
    #8
    MJ1657 Thanks this.
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