Merry Christmas everyone? When forming LLC under who’s name the title and the bobtail insurance need to be? it is under my name or under my company name?
How do you set up your ins. and title the truck when going LLC?
Discussion in 'Ask An Owner Operator' started by Estrella, Dec 25, 2018.
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company
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What are you forming the llc for ... asset protection or tax reasons?
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Merry Christmas! Thank you so much for your quick response. It is a for asset protection I guess It will be fine if the title and the bobtail insurance will be under my Company name. Im going to work under someone else authority so they are the one that are going to provide the liability insurance under their name with the DOT number etc the only thing that im going to get is the bobtail insurance.
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If you are the one driving the truck how does an LLC protect you’re assets?
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Hello:
Im the owner of the truck but I hired a driver. -
Im not planning to drive the truck.
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the only real way an LLC works in this industry is if you do everything to manage the driver and the company by having policies for everything and keeping on top of the driver.
AND because you have no experience in running a business like this, I would recommend you really think hard about going forward, it isn't all that simple to just put a driver into a truck. -
Midnight_tim Thanks this.
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