Owner Operator Frac Sand Texas

hey catwrech 55. I want to become an o/o and lease on with a company. Trying to figure out where to start first. Did you have to from a company like an LLC, then register with the state, and then lease on with a company? if so the the settlements you get are in the Company's name and then you pay your self and your drivers from the company's name bank account.

 

This is how I do it now yes. Pay myself just like another driver.
To start with I just operated as a sole proprietor. I did file with the county to get a EIN and registered a DBA but that really isn't a necessity if you are just gonna lease on.

 

Good info CATWRENCH55, thanks

How does Legacy Bulk pay their O/Os? 90/10 split? How is their dispatch? Do they keep you mostly in the EFS or do you all run out to the Permian as well?

 

Following

 

The lease is 21.3%
You only have to pay for your bobtail/non trucking
Wex fuel cards "nice discount in network"
Pay direct deposit weekly
24 hr. Dispatch
Been working in East Tex/ LA and just did a couple wells inPermian.
The owner and manager are ex sand haulers so understand what is expected and how things work in the field.

 

Ty, I've been looking for a good company in east tx. Don't care much for west tx.

 

Are you still in the business? I’m looking to get my trucks out there. I have my own authority and not looking to give it up. Worked to hard for it. Please advise the best route. Thank You Robert B

 

The advantage in an LLC taxed as an S-corp is in the taxes and ways to keep more of your money , like with a SEP IRA, paying a reasonable wage and taking the rest as distributions. In Texas you can do the whole LLC online.

Capital Preservation = finding ways to keep more money while reducing tax liability.

Deductions = spending money to save paying more taxes.

The driving is the easy part, learn the business before becoming an O/O.

 

Where do you find contract work for a fleet