SO I am getting the ducks in a row here. So far I have a US DOT number, and I have PDF's of OP-1, UCR, and 2290. I need to know what fees are associated with UCR (48 state), and the rest of the permits. I do not plan on HAZMAT. I also need to know about Workmans Comp and insurance requirements (general household cargo). Should I get my own broker Authority as well? and if I did will I still need freight forwarder?
File IFTA, take your 2290 and go get your plates at the IRP office. Get your insurance when the time comes that it's needed. Get your BOC-3 (OOIDA does this for free for members). UCR for a one-truck operation is $76. if you plan on going through NY, KY, or NM, get your state permits (NY HUT, KYU and the Weight-Distance Permit for NM). They're not that much. OOIDA does all three for a fee if you want to go that route. NM and KY are easy to do yourself. Once your authority is final, have the decals on your truck (Company name and DOT# is all that is required. Last 8 of VIN if you don't want CO calling you into every scale). Get your truck/trailer inspected under your new authority once you have it. Get a pre-employment drug test done. Sign up for a drug testing consortium. (drug test needed) Also, file an employment application with yourself. Get your MVR. Start a driver qualification file. And that's just for starters.
Household and cargo insurance are different if you're not going to Move people(furniture) you don't need household insurance. I'd price the insurance first before doing anything else you may not can afford starting this venture. You'll need a 1 million liability and 100,000 cargo and coll.,comp if you want it. No workmans comp required unless you have over a certain number employees, that varies by state. I would get authority in your name and forgo the Inc or LLC stuff as it's waste of money for a small operation plus your deductions are better with one truck that way. order to do things is file for authority, get insurance and process agent, file 2290 of needed (50,000 and up) get ifta, irp, UCR and state permits that are needed. Get a drug test program and get truck inspection done, put sings on and find loads.
Go to the FMCSA main page and under Registration and Licensing they have a step by step walk through process. As far as employees go I'm pretty sure there are certain exemptions for 5 or less employees. http://www.fmcsa.dot.gov/
If you're going to be the driver, there's no real benefit to LLC, etc. Plus, if you drive into NJ, you need to pay a fee per vehicle. Sole-proprietors don't pay it.
I fell in a pothole at the end of october.I would of lost my truck if I had not gotten occupational insurance.I am still off work but get a check.As a O/O it only makes sense to protect yourself
I recently saw a fee schedule for IRP that was nearly $8800 buck in FL pro-rated over 12 months... I fell outta my chair. Now my butt hurts, not to mention my wallet...
That seems about 3x-4x high. Are you sure you calculated it correctly? If you are a new account all jurisdictions should be calculated within the original 100%. If there is an estimate chart, add up the jurisdictions that you are plating with then calculate a percentage of each. Apply that percentage to each jurisdictions plate rate. Total those for the cost of the plate. Remember, you can add as many jurisdictions as you like for the first plate application without having to go outside the original 100%. If you add additional jurisdictions later, it will cost you additional dollars.
First two years, you'll be under the estimated miles list. It should be around $1,700 or so. That 8800 had to be a few trucks.
That's what I was thinking. Or maybe its FL miles (not dollars) from the estimated mileage chart you'd use to apply for FL plates? Out of curiosity I looked at my last IFTA statement and saw we ran 8,621 mi in GA as a GA carrier with 2 trucks. Maybe FL being a bigger state they use a bigger estimate for you home boys?