Landstar Questions

Cool thanks for your help. I have been giving this a lot of thought the last couple of months. My Wife told me to wait until after the holidays before I switch companies but I would like to get the ball rolling now. Just need to get some ducks in a row as far as my finances and I am good to go.

 

" if you lease on, through your LLC, you will not get a 1099 at the end of the year. 1099s are not required to be issued to companies, only sole props."

Are you sure about this? Seems to me the IRS has to have a way of knowing who Landstar paid money to!!

 

Yep, They haven't sent me a 1099 in 13 years, which is how long I've been there. Sole props get one, corps don't.

 

You are getting on a good start because the qualifying center is still working on my stuff, no fault of there's I worked for a owner op that uses peoplelease and the dates didn't match so they have been working to get the dates together. so make sure all of your dates on your app are accurate.

 

You most likely won't get approved until after the holidays, so you should start the process now. Landstar takes a while to clear a new driver, and the holidays are likely to extend that time. Jan and Feb are the worst times for freight anyway, so you won't be losing anything delaying your transition. The inspection isn't going to worry about a ding or a bent bumper, it's all about passing a stringent DOT inspection, and making sure wear items will last until the next 120 day inspection.

 

Never got one either in three years. I did get my truck Christmas tree ornament and a cheesy flashlight the other day though. For all the money I make them, they could at least have a platform ornament instead of the van!

 

For the LLC do you still send in quarterly tax payments or self employment taxes?

 

Yep, if you think you will owe for the year.

 

At least it wasn't a porti-potty service truck!

 

That must be a division of Inway. I haven't seen one of those with the blue star yet.