So the owner is a new CDL grad too? How much experience does he have running a trucking company? There are a gajillion places you can go work as a day one CDL grad that you can learn the business from without having to roll the dice on a guy that may very well be as inexperienced as you. Why not sign on with a company as a w2? Hell there are a bunch that advertise CDL school reimbursement. Then you get your $25/hr with benefits, retirement, and a lot less worry about the company going under.
Craiglist 1099 offer from student in CDL school who will be owner operator
Discussion in 'Questions From New Drivers' started by Labrador, Jul 15, 2019.
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Alright, well that is a lot better that what your initial picture sounded like to me.
It may not be horrible, i am a 1099 contractor but i also have a business license and 20 yrs of managing schedule C income and expense.. Plus VA medical if i needed it, which gets me out of obamacare requirements [form 1099HC]
You need a lot of expenses to not owe self employment tax, you need healthcare or pay a fine. And you wont be building anything for SS. If those arent issues for you i guess the next is does this guy succeed for long and does he have the truck registered, insured and so forth properly. If you had a wreck and got left with the bills itd be much worse than if he stiffed you for a few weeks pay and you walked off. The owner of my company doesnt have a cdl, neither did the last one.FlaSwampRat Thanks this. -
Trucker Kev Paid Tourist Road Train Member
I'm not even going to go down that road I'm just going to sit here and LMAO most people know how I feel on that subject by now..
MartinFromBC, Chinatown and FlaSwampRat Thank this. -
Hire on with a company that has a full benefits package so you'll have something when you get old & gray.
Don't be one of those drivers that gets to be 65 or 70 years old and has absolutly nothing for retirement except a few hundred dollars a month social security. Remember, all of us are only one DOT physical away from being unemployed.SidewaysBentHalo, SteveScott and FlaSwampRat Thank this. -
Good luck to you. You're going to need it.Last edited: Jul 15, 2019
Trucker Kev Paid Tourist, okiedokie and FlaSwampRat Thank this. -
After taxes and paying for your medical benefits you'd be down to $7 an hour, and that's not even factoring in a yearly $5,000 deductible which would have to be deducted from your $7 an hour which means you'd really be down to about $4 an hour after your yearly deductible.FlaSwampRat Thanks this. -
Trucker Kev Paid Tourist and FlaSwampRat Thank this.
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Straight flat rate pay with no accessorials for regional work is an invitation for disaster. Most of these outfits will push you to work your maximum available hours, and then some. Lots of time wasted sitting in docks, sitting in traffic, tailgating or hand bombing freight off a van trailer with barn doors. That $200 day rate will get whittled down to a measly hourly rate at the end of your shift. He'll probably be blowing up your phone on weekends as well.
Tb0n3, rabbiporkchop and FlaSwampRat Thank this. -
Trucker Kev Paid Tourist Road Train Member
rabbiporkchop and FlaSwampRat Thank this. -
As a 1099 contractor, you bare a lot of risk at the same time in control of the work you do.
So let's break this down a bit, the first part is about risk. Seeing this is a new owner, he doesn't understand what reality is and if you get into an accident, it is not only his **** on the line to the limit of his insurance, but you will also be held responsible even if an accident is not your fault.
The other risk is that if injury, you get hurt you're done. You have no recourse with this guy, you can't sue him because you are not an employee, you are a contractor.
The second part is important, unless you have a very specific contract, you can refuse work legally and don't have to give notice to take time off. On the other hand, because you are not an employee, he can hold your settlement (legal term for contractors) and you have to go to court to recover that.
So those are the basic reasons, very few owners know how to use 1099 legally and to the benefit of the driver and this guy doesn't.FlaSwampRat Thanks this.
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