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How to add my cousin truck to my trucking business?

Discussion in 'Questions From New Drivers' started by Rookie Owner Op, Apr 19, 2023.

  1. Apr 19, 2023 #1
    Rookie Owner Op

    Rookie Owner Op Bobtail Member

    1
    0
    Apr 19, 2023
    0
    Good afternoon,

    I had started my owner operator truck business and my cousin wanted to join me by buying his truck and adding it to my authority and pay me a percentage. Also pay his share of the insurance but he is in florida and I am in Georgia. He is also leasing his truck from a company. Do he need to register his truck as personal then add or can he just add it to my company and use my tags?
     
    Rookie Owner Op, Apr 19, 2023
    Rookie Owner Op, Apr 19, 2023
    #1
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  3. Apr 19, 2023 #2
    Chinatown

    Chinatown Road Train Member

    75,325
    172,104
    Aug 28, 2011
    Henderson, NV & Orient
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    Chinatown, Apr 19, 2023
    Chinatown, Apr 19, 2023
    #2
  4. Apr 19, 2023 #3
    Rideandrepair

    Rideandrepair Road Train Member

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    Aug 8, 2015
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    Lease agreement / Loan agreement, clear Title, it doesn’t matter. He can put a plate in your name on his Truck. Different State no problem. Lease agreement between you two should spell that out. Along with any other charge backs paid by you like Insurance, Fuel Taxes etc. You can pay everything except HUT 2290. He has to pay that in his or his company’s name. Depending on if he’s a Doke Proprietor or a Corp.Might need a copy of the Lease agreement between you two when buying/assigning the plate. I know for sure if he was buying it in his name in Florida, he would need a copy. Call Georgia IRP. Ask them. Should be very helpful.
     
    Last edited: Apr 19, 2023
    Rideandrepair, Apr 19, 2023
    Rideandrepair, Apr 19, 2023
    #3
  5. Apr 20, 2023 #4
    Ridgeline

    Ridgeline Road Train Member

    22,443
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    Dec 18, 2011
    Michigan
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    If you are asking this, just maybe you either need to get an advisor for the authority (OOIDA) or need to rethink your business.
     
    Ridgeline, Apr 20, 2023
    Ridgeline, Apr 20, 2023
    #4
    LoneRanger Thanks this.
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