just starting out as a o/o

Discussion in 'Ask An Owner Operator' started by dino6960, Jul 15, 2009.

  1. dino6960

    dino6960 YOUDAMAN

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    my question ?im leaseing on to a company and funds are very low and this is the only reason for the leaseing on, do i have to have a buisness acct for then to do direct deposit?????or can i wait and after the first check get my llc and go that rout for my quartly taxes?????
     
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  3. PharmPhail

    PharmPhail Road Train Member

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    You will have to file a return, but I highly doubt you will owe anything for quite some time... if ever.
     
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  4. Big John

    Big John Road Train Member

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    What are quarterly taxes? LOL. I haven't paid anything in for years. Deductions, Deductions, Deductions. Why give it to the IRS.

    If you are asking about a business checking account, yes I would have one and keep things separate from a personnel account. If you don't have the funds now just add it later. They can direct deposit into any account. Some O/O's have separate accounts and some don't.
     
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  5. walleye

    walleye Road Train Member

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    If yous think your broke now,.........Wait until yous own a truck,.............
     
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  6. Big John

    Big John Road Train Member

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    Not for sure why anyone wants to go out and buy a driving job with headaches, their are company's that will give you one for free.

    Like they have always said, you want to make a million in trucking start off with two million.
     
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  7. dino6960

    dino6960 YOUDAMAN

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    pharmphail, thanks spent last night reading all your post and hope your doing well with your hopper,eventualy after a yr with this company im gona break off and do my own mc/auth i have a 1997 kw t600 it hase a brand new d-60 motor and 8 speed trany but i grew up learning on 10 speeds,5-4s and 13speeds but iv driven this truck over the roadand would like your advice iv got 3 mths with no payments this is a long time friend of mind iv done alot of work to this truck ,new air tanks(old rusted out) new air dryer,2 new seals inners,fixed the exhsaust no leaks,i have no air leakes have change any and all lights everthing works this weekend fixing the a/c im hoppeing i can get atleast 2000 to 25oo a week in miles tires are fair but soon to be upgreaded,still have to buy chains and headach rack but back to the truck deal, my buddy wants 15,000 for it he owns a crane company, now from jobs that iv done for him and hes not getting paid so which means i havent goten paid to the tune of 4500 bucks in the last 4 mths,,we will put the moneys tward the truck leaveing me owning 10.500 im hopeing i can pay it off in three mths and not have that nut over my head and upgrade my truck in a yr what do you think of my plan????? i read all your post and how you figured out your buget i think im gona be ok the motor and trans dont even have 6 ,000 mile on it but the truck itself has 727,000 on it so what do you think pharm???????
     
    Last edited: Jul 16, 2009
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  8. khanson1982

    khanson1982 Bobtail Member

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    well i wouldn't want a nut over my head ether. Sorry i could;nt help myself!
     
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  9. dino6960

    dino6960 YOUDAMAN

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    khanson have had them around a long time lol been building the roads most of us drive on and have seen some of the damnedest shti ,,,,some poeple should have never been given a licence lol
     
  10. truckinwva

    truckinwva Light Load Member

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    FRIENDS WILL SCREW YOU ALMOST ALL THE TIME.

    STAY FRIENDS, NOT ENEMIES.

    truckinwva
     
  11. dino6960

    dino6960 YOUDAMAN

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    thanks for the addvice truckinwva,well i have a signed contract with him so as long as i make the payments i should be ok its just a good thing im not takeing his trailer lol its the only one that has permenit tags on it lol i can see it now id be in colorado and he would say he need his trailer in the mornin roflmao iv know him 20yrs,and know how he works
     
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