MC #

Fmcsa says mc #'s are transferable, but not dot #'s.

 

Dots gets transferred with corporations, there’s a way to do it it’s difficult but it’s possible.

not really on the up and up but I’ve seen it done.

 

Has to be a stock purchase to be complete legit. You can switch a S to a C to do it. Nothing in it can relate to an individual. Doesn't mean it isn't done illegal every day.

 

Gee..... This would be good INFO for all those out there wanting to buy one I would think. Might be more to it then meets the eye.

 

I’m considering reactivating my MC/DOT it is over 20 years old. I operated as sole proprietor and if I go back it will be as a llc and different company name.
According to FMCSA I can use my old MC, but have to get new DOT number.
Didn’t go into details why, but looks like the DOT number is attached to the company name.

 

I would think about changing your name. New company`s are getting quotes of insurance up to over $20,000 dollars for insurance on one rig. If you have a 20 years old company with a clean slate I would stay with it.

 

My authority was inactive for 10 years and was told that it will be considered a new venture as far as insurance go even if I keep the same DOT number.

 

@Billyjack may not work how you think it works. After 2 - 3 you would be considered a new entrant. Regardless if you have an existing MC from 20 years ago. Once insurance has lapse all that goes out the window.

 

I had my Authority from 2012 to 2016 and thought about reestablishing it in 2018 insurance broker told me I would be a new entrant all over again.