Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

How to properly lease my truck on to a company

Discussion in 'Ask An Owner Operator' started by DeniseB123, Jan 19, 2025.

Page 1 of 2
  1. Jan 19, 2025 #1
    DeniseB123

    DeniseB123 Bobtail Member

    3
    0
    Jan 19, 2025
    0
    I own a semi truck and I will be leasing out to an LLC (A friend) for side money. He will cover the insurance, fuel and maintenance. I have no idea what kind of power of attorney to use or where to file. I was looking for help here.
    Thanks so much
     
    DeniseB123, Jan 19, 2025
    DeniseB123, Jan 19, 2025
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jan 19, 2025 #2
    abyliks

    abyliks Road Train Member

    3,615
    8,237
    May 2, 2010
    ludlow MA
    0
    …. Take 2 minutes… read your post out loud, do you really think this sounds like a good idea?

    sell the truck,
     
    abyliks, Jan 19, 2025
    abyliks, Jan 19, 2025
    #2
    Short Fuse EOD, Iamoverit, 201 and 6 others Thank this.
  4. Jan 19, 2025 #3
    DeniseB123

    DeniseB123 Bobtail Member

    3
    0
    Jan 19, 2025
    0
    Why should I sell the truck? It is for a flat rate and I know the person. You never answered the question. I would really like to know what kind of power of attorney do I need and do I need to file anything with the TDL?
     
    DeniseB123, Jan 19, 2025
    DeniseB123, Jan 19, 2025
    #3
  5. Jan 19, 2025 #4
    DeniseB123

    DeniseB123 Bobtail Member

    3
    0
    Jan 19, 2025
    0
    The truck would never sell in this market so I would just sit here
     
    DeniseB123, Jan 19, 2025
    DeniseB123, Jan 19, 2025
    #4
  7. Jan 19, 2025 #5
    Opus

    Opus Road Train Member

    18,365
    110,362
    Dec 18, 2011
    South GA
    0
    Simply find a good business attorney and they'll set you up.
    Rule #1, don't ask a bunch of truck drivers for legal advice.
    Good luck.
     
    Opus, Jan 19, 2025
    Opus, Jan 19, 2025
    #5
    JolliRoger, Rideandrepair, Sirscrapntruckalot and 10 others Thank this.
  8. Jan 19, 2025 #6
    Lyle H

    Lyle H Road Train Member

    1,280
    2,895
    Apr 16, 2014
    0
    You need a contract written up by a lawyer that details all aspects of your working arrangement with whoever you lease to.

    Friend or not.
     
    Lyle H, Jan 19, 2025
    Lyle H, Jan 19, 2025
    #6
    Iamoverit, TX2Day, Dino soar and 4 others Thank this.
  9. Jan 19, 2025 #7
    Chinatown

    Chinatown Road Train Member

    72,469
    160,578
    Aug 28, 2011
    Henderson, NV & Orient
    0
    Chinatown, Jan 19, 2025
    Chinatown, Jan 19, 2025
    #7
  10. Jan 19, 2025 #8
    Spyro2112

    Spyro2112 Medium Load Member

    592
    400
    Mar 17, 2018
    0
    1099 them. Lease purchase, the day before the contract is up fire them and start a new one
     
    Spyro2112, Jan 19, 2025
    Spyro2112, Jan 19, 2025
    #8
    77fib77 Thanks this.
  11. Jan 19, 2025 #9
    cuzzin it

    cuzzin it Road Train Member

    3,325
    7,188
    Jan 19, 2008
    Berea, KY
    0
    'Cept me, then do just the opposite.
     
    cuzzin it, Jan 19, 2025
    cuzzin it, Jan 19, 2025
    #9
    Opus, 201 and Flat Earth Trucker Thank this.
  12. Jan 19, 2025 #10
    Ridgeline

    Ridgeline Road Train Member

    21,891
    111,237
    Dec 18, 2011
    Michigan
    0
    Good for you, I own a bunch of them.
    OK STOP!!

    Details, I mean details if YOU want really good advice.
    OK noted.
    No such thing. that's not how it works.
    You have a CDL?
    OK DETAILS!!!!
    No such thing I can explain what you need but details.
     
    Ridgeline, Jan 19, 2025
    Ridgeline, Jan 19, 2025
    #10
    Feedman, 201, Dino soar and 3 others Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 2