Delaware or Nevada for an LLC

Agreed,

by the way what in your mind qualifies as a small fleet?

 

The whole Nevada/Delaware tax thing is basically a scam unless your a BIG mega trucking company. First you have insurance to cover yourself and company if your in accident..Nobody on here will make so much money you need a special tax shelter state. If you did you can always move you corporation to another. Let's face if your doing that kind of money moving to corporate location to another state is no big deal.

The secret to making big money is not the savings on insurance or tax shelter. First you have to make the money. If you do then moving you corporation to another state really is no problem at that level.

Do a S corporation and after you pay all your employees. Then pay yourself a basic pay. Then you can take the rest of the money out of your corporation as dividends and not pay as much tax

Why would anyone want a Nevada corporation? How do you think your going g to save tax money vs S Corporation. People might find this shocking, if you make a profit you pay taxes. So does a corporation, it just the price of doing business.

 

So you're planning on opening an actual office in one of those states?

 

How can you guys open a business bank account under your LLC in those states? I just opened up a business account in Indiana, I thought having my Mail box through the Ups Store would be good enough and it wasn't. Had to use a family members physical address and then use my box as my secondary...

 

I respectfully disagree with that statement....

Werner Enterprises’ Executive Chairman C. L. Werner began a humble business in 1956 with one truck. Werner, 19, went to Omaha to work in a factory before deciding he would rather drive a truck.

When Max Fuller and Patrick Quinn founded US Xpress in 1986, they began with a modest fleet

Robert E. Low started Prime in Urbana, Missouri, in 1970 with one dump truck. Robert's vision of providing the ultimate in customer satisfaction enabled Prime to expand rapidly to become a $50 million operation by 1980, when the company relocated corporate headquarters to Springfield, Missouri

A man named Earl Oren risked everything to make a difference. Knowing he couldn’t afford his own truck, Earl invested in a driver, with a single truck and trailer, and Dart moved a load of canned food. His living room in St. Paul, Minnesota, became his office. And when competitors told him he couldn’t build the business he envisioned, he did it anyway. Dart continued to grow its fleet, and by 1975, this small, regional company was now serving 48 states.

The list goes on and on.....


2037: Liquidforce Trucking Company started 20 years ago with 1 truck and trailer and now owns several hundred. Just saying.....

 

PO boxes are always a bad idea. You want the business to be as real as possible. I use a Company called "Regus". They have locations in just about every city and office space for rent. When you set up your account you use their address and they sign for your mail and ect. Actual office space is as cheap as $350 a month for a desk and file cabinet. When people look me up all they say see is a high rise building and not a UPS store.

Office Space for Lease in Chicago | Regus US

 

So for a one truck operation your going to be blowing $350 a month just for that? I cant see someone looking up a trucking company and get excited by seeing that its office is located in a high rise?

 

No, I was answering your question on how to open a business bank account without using a PO box. If you need just a mailing address then Regus charges about the same price you would have paid for a PO box.

Everyone agrees that a business requires a registered agent correct? Well my Regus address is used for that as well as my DOT authority mailing address.

On your authority it's going to ask for a physical address for your operations. For that I use the drop yard where I park at. i'm working on having a small fleet plus I got some other stuff going on besides trucking but vendors get excited when they see it like that vs someone's home or PO box; So I've been told.