With Landstar, the first 90 days you are on your own.... at 90 days, you can purchase tires under the LCAPP national accounts.... really good tire pricing.
At 366 days and moving forward, you may qualify for major repairs help... it is a loan.
When you lease on with a carrier, they do that so they carry ZERO responsibility for the truck you operate. It's your truck, your problems.... buy a shop manual and carry tools - you stand a chance of surviving if you stay away from repair shop. You don't make $300/hr so how can you really afford $150/hr for every little repair?
Landstar is setup to be as close to operating under your own authority as possible. We don't have any of the back office, dot and other bologna to deal with. They do it. They even fight bs inspection violations for you... I was violated for driving past 11 hours because Ohio's software didn't understand the split sleeper birth rules. Or at least how keep truckin figures it. The lady in logs dept that handles that stuff called me and told me she submitted it... poof! 2 months later it's gone from my csa record.
What ever you do... DO NOT BUY A TRUCK AND REGISTER IT TO YOUR NAME! DO NOT LEASE ON ANY WHERE UNDER YOUR NAME!
Unless you register your name as an LLC.... you need to have a company established and you work for your company, NOT the carrier you lease to. Your company needs to be doing business with the carrier, not you. It's a giant door for sue happy people and the irs to walk into your house and take ownership of everything that has the truck owner's name on it. Your LLC keeps your private life protected.
Or, ignore the truckstop lawyering......
Getting started
Discussion in 'Ask An Owner Operator' started by Mototom, Apr 26, 2021.
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For the 1 millionth time . A LLC offers almost no liability protection to a 1 truck owner operator who drives the truck....
In the event of a catastrophic accident you will be sued as the owner and the driver........
party over.......onetime42 and God prefers Diesels Thank this. -
Anyone can be sued for any reason at any time.... I don't disagree with you. However, when a private person is party to a civil claim they cannot get blood from a turnip. The insurance company that is insuring the driver is who pays out. It's very rare that a jury will award any amount over $1 to the plaintiff when there's a ton of money with the insurance companies. If the driver is not listed as a party then the insurance company will use that fact to get out of paying. This is assuming that the driver in question is at fault.
The LLC protections do limit what assets are fair game.
Besides that, as a sole proprietor you do not have the tax benefits. And, if Biden can remember how to write his name in the near future anyone who is leased on to a company under their name is going to be jobless with a truck since joe blow signed his name on that lease agreement instead of joe blow llc. Joe Blow LLC is a company doing business with another company and doesn't qualify for needing the ABC test bs. Joe Blow is just a guy avoiding getting taxes taken out every week. So, if you think it's not important to organize an ACTUAL company you either have nothing to protect in your life or need some education. Maybe both. -
Someone post that thread about the guy that got sued because a repower got in a accident with his trailer . It was posted awhile ago.........
p.s. Schneider bad landstar good
Dave from communist California will tell youGod prefers Diesels Thanks this. -
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If there is proof of hiding assets or a lawsuit larger than the insurance limits because of negligence then the judge can order personal assets be added into the the overall business assets of the owner(s). -
ok. not going to chase your unicorn. I suggest you try to get a refund for your law degree from the rainbow law school.
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