I heard taxes are changing for the.....

I know California has already made it incredibly difficult to be a lease O/O, but that's the extent of my knowledge on the subject.

 

Structure the company right, you will never have a problem.

 

Quote: Structure the company right, you will never have a problem
There are many industries where it is harder for small companies to operate because you spend so much time and money complying with endless and burdensome regulation that could be simplified or eliminated altogether.

 

They are talking about the AB5 law that California has.. which makes it really difficult to be an owner op. You’d have to be a true owner op with your own authority to drive as a 1099. There are *many more states* that want to implement this. And yes I believe it’s bc they want drivers to be company so that they can’t deduct expenses for tax purposes. Ofc they don’t say that’s the reason.. going to make it real difficult for small business owners with the cost of insurance and all that. Needing to get their own authority etc. Hope this doesn’t happen but that seems to be where things are headed.

 

It's easier for the government to control a few thousand companies than hundreds of thousands of O/O. Not the philosophy this country was built on