Apply for athority

Discussion in 'Ask An Owner Operator' started by Miguel305, Nov 8, 2018.

  1. Miguel305

    Miguel305 Bobtail Member

    1
    0
    Nov 8, 2018
    0
    Hi I'm a car hauler out of miami fl I'm currently a company driver but i plan on buying my own truck by sometime next summer but i was wondering if i could open up my Corp and apply for my own athority now with out having bought the truck yet to give my company sometime on central dispatch before I actually start using it thanks
     
  2. Socal Xpress

    Socal Xpress Heavy Load Member

    831
    656
    Dec 6, 2014
    Riverside, Ca
    0
    Short answers...... NO!!!!!!!

    If you would like an explanation. Use the search function. 100's of thread on this subject.


    Good day!
     
    Diesel Dave and DSK333 Thank this.
  3. DSK333

    DSK333 Road Train Member

    2,372
    2,595
    Jan 27, 2018
    Pennsyltucky
    0
  4. DaveT445

    DaveT445 Bobtail Member

    20
    3
    Sep 28, 2018
    0
    I'm not the most educated tb I think you can have the authority without the truck, but you need to have proof of insurance for the truck within 90 days to keep your authority. So without the truck, theres no point in just paying the insurance just to have the authority
     
  5. DSK333

    DSK333 Road Train Member

    2,372
    2,595
    Jan 27, 2018
    Pennsyltucky
    0
    How will he get insurance without the truck?
     
    thaistick Thanks this.
  6. Lethalsmirk

    Lethalsmirk Bobtail Member

    14
    3
    Jun 1, 2014
    virginia beach,va
    0
    You start you business now most of it is just paperwork. then when you buy the trk get insurance. then apply for authority, then upgrade insurance for that. Seems like maybe you should buy truck, lease it with someone for a bit then get you auth.(jmo)
     
  7. SeanLyman

    SeanLyman Light Load Member

    111
    50
    Dec 9, 2012
    0
    New authority insurance will run you $15-20k annually. Authority won't be granted until you can provide insurance coverage. File an LLC and get your general liability insurance and a workers comp certificate. Get a good accountant and learn how to maximize deductions. Get those costs out of the way. They are fairly cheap and easy to begin with. Save money for down payment on MC insurance. Good luck
     
  8. 2 CHAINS

    2 CHAINS Light Load Member

    114
    66
    Sep 8, 2018
    0
    I thought you could run dormet, with basic insurance. Then get primary later
     
  9. SeanLyman

    SeanLyman Light Load Member

    111
    50
    Dec 9, 2012
    0
    I believe you have to get full active authority before you can let it go dormant. Unless insurance requirements are met within 90 days, your application is void. You are correct in and of the fact that you can let it go dormant. I don't think you can have it be dormant from day one
     
  10. DSK333

    DSK333 Road Train Member

    2,372
    2,595
    Jan 27, 2018
    Pennsyltucky
    0
    Bottom line is that attempting to "age" an authority is no longer feasible. There's a never ending stream of numbers for sale in the Marketplace section here for those who think they can get away with it.
     
  • Draft saved Draft deleted