Buying my first truck, should I form an LLC?

With the huge push to seek out lease purchase and 1099 guys as 'miss classified' employees; some states are pursuing carriers using independents using twisted logic to make them all employees.

NJ started to go after pier drivers and is now battling it out in federal court.

Most of our operators are LLC's but the new ABC test [instead of the IRS 20 questions] is focused on sole proprietors and LLC while excluding S and C corporations so anyone working in an area overshadowed by the miss-classification states should consider the S corp as stronger protection in some cases.

I think S corp provide workmen's comp so the states can't say they haven't been paying in...unlike an LLC

 

You guys say this but lawyers disagree if you ask them.

 

I’ve asked one........ do as you will.