26 questions for Business Owner with workers

1. What are a few load boards to use? The only one i remembered is ooida's load board.

2. When you call a shipper, do they start off the negotiations with a price for you or do you start off with an offer to them?

3. Do you ever counter the bid with shippers and raise it by 10%, calling a few shippers to see who budges or anything like that?

4. What are some good computer programs for managing and filing IFTA?

5. Do you have a business checkings account? Or 2 or 3 accounts?


(Questions 6 - 15 are in regards to company employees)
(Questions 16 - 25 are the same questions but in regards to 1099 workers)
6. What is the whole process for hiring employees?

7. How do you do a background check and what do you do with that information?

8. How do you add an employee to ifta permit?

9. How do you add an employee to other permits?

10. OOIDA may have misunderstood me, but thwy said i needed to have my potential employees sign a lease agreement? Does that sound right?

11. (Im not sure what i meant with this question) What insurance coverages do you use for the business or the employees?
Other o/o opinions?

12. Do you keep a record of safety violations, accidents, do you report to dac? How do you report to dac?

13. Do you hire a lawyer to go over your business to make sure everything is in line and to assist you in aquiring employer resources like all the individual documents an employee signs during orientation, all that stuff, sexual harassment, acknowledgements, agreements.

14. Where do you aquire knowledge of all legal documents needed to hire someone and make copies for you to use to hire someone?

15. Is there some things you have to pay for having an employee? FICA? Unemployment insurance tax?
State unemployment program?

(Questions 16 - 25 are the same questions but in regards to 1099 workers)

16. What is the whole process for hiring 1099 workers?

17. How do you do a background check and what do you do with that information?

18. How do you add a 1099 worker to ifta permit?

19. How do you add a 1099 worker to other permits?

20. OOIDA may have misunderstood me, but they said i needed to have my potential 1099 workers sign a lease agreement? Does that sound right? How do i do that? Hire a lawyer?

21. (Im not sure what i meant with this question) What insurance coverages do you use for the business or the 1099 workers?
Other o/o opinions?

22. Do you keep a record of safety violations, accidents, do you report to dac? How do you report to dac?

23. Do you hire a lawyer to go over your business to make sure everything is in line and to assist you in aquiring employer resources like all the individual documents a 1099 worker signs during orientation, all that stuff, sexual harassment, acknowledgements, agreements.

24. Where do you aquire knowledge of all legal documents needed to hire a 1099 worker and make copies for you to use to hire someone?

25. Is there some things you have to pay for having a 1099 worker? FICA? Unemployment insurance tax?
State unemployment program

26. As a business owner, what are your opinions of hiring independent contractors vs employees? I think IC might be better for a small fleet.

 

Thanks for the great info. Im getting ready to go to sleep rn. I didnt have notifications turned on for this site. So ill answer more questions tomorrow and review all information a 2nd time over.

Im a trainer for western express for the last 5 months and enjoy it enough to continue. Pay is really good. Thats is to say, i dont have a lot of bills. Single, no kids. Been company driver for 9years. 6 at KTS. First year i leased for cr england. Did all the math and had no suprises horror stories or lack of miles.

Im getting to the point of doing something else. I been very complacent, living a good life, so my newbie friend convinced me to look at a company again. So short version, i plan to co tinue to train at western and put a couple driver in my truck, possibly an Independent contractor or 2

I have enough to get started with a factoring company.

Ill throw out some of my calculations out there and answer my projection for a week, month, year

These are the calculations i ised before leasing for england and when i did, everything lined up, so my guesses of costs are based off of 11months leasing there and asking o/o questions and getting predictable answers. I havent talked to you all however, so i dont feel i know enough yet to get started, and as many questiond as i have here, i have for i surance companies and ooida authority hotline who said when i hire employees, i have to "add them to my permits"

2150mi a week
$1.75
7cpm minor repairs
1cpm IFTA
$8k a year major repair reserve fund
2% factoring
$3.50 fuel
6mpg
$50permits/wk
$500 truck and interest/wk
$250 insurance/wk

2150x1.75x0.98-2150/6x3.5-2150x0.08-800= x52-8000= /12 = 1307 income before taxes for a single driver
-employee pay cpm 2150x0.35=752

Though ill probably go the lease route possibly get into brokering and sell a pitch to a couple of 1st years who need a pay increase.

 

2150miles is my safe income calculation for my bills and stuff. Even though i mac out my miles, if i take off 3 days every 2 weeks, it averages down to around 2150 despite averaging 3000 while continuously working.

Sorry for my unrefined calculations. You are right. I may have to offer 40cpm or more if i *truly want experienced drivers.(my friend is good. Hes a newbie and will take 36cpm easy. Hes one newbie i trust to turn a profit)

Thanks for the workers comp input. I was thinking about leasing out, drivers make their own pay. I broker as soon as i can, and then the leasing fees they oay for the truck regardless of if they drive or not. I almost went to work like that, but i made the same ammount as a trainer so it wasnt worth it to me.

 

That company said they get loads at 2-2.20. And take 15% of the load pay. So that averaged my take down to $1.75 just fkr working for them. And i can make money like that. Leasing for cr england at 90cpm loaded 80cpm unloaded if i recall, i made 1200 a week as a trainer for them. Wasnt ready for the big times so i backed down to solo and made 300 a week for the next 6 months leasing, but 90cpm is profit as an employee lease