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New driver, 7 months exp, going Owner Operator?

Discussion in 'Ask An Owner Operator' started by mvinuela4812, Apr 4, 2019.

  1. Apr 4, 2019 #1
    mvinuela4812

    mvinuela4812 Bobtail Member

    6
    2
    Apr 16, 2018
    0
    i been doing loads for about 7 months. I know a family member who can get me loads under his company. My question what would i need to get started? Would i need a llc just don’t want to mix my personal finance. If do llc way how can i get a loan for used truck or do i have to use personal credit? Also what type of insurance do i need and where do i get it.


    Thanks
     
    mvinuela4812, Apr 4, 2019
    mvinuela4812, Apr 4, 2019
    #1
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  3. Apr 4, 2019 #2
    Chinatown

    Chinatown Road Train Member

    75,228
    171,838
    Aug 28, 2011
    Henderson, NV & Orient
    0
    www.OOIDA.com can answer all your questions. This is a business website for the owner-operator.
     
    Chinatown, Apr 4, 2019
    Chinatown, Apr 4, 2019
    #2
    86scotty and mvinuela4812 Thank this.
  4. Apr 4, 2019 #3
    GreenPete359

    GreenPete359 Road Train Member

    2,152
    5,101
    Oct 21, 2017
    Driving my recliner
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    Have a sit down with your accountant. This is EXTREMELY important. Please sit down with a trusted finance person and go over everything before you do this.

    As @Chinatown already said ooida has a wealth of info for you as well.
     
    GreenPete359, Apr 4, 2019
    GreenPete359, Apr 4, 2019
    #3
  5. Apr 4, 2019 #4
    Gdog66223

    Gdog66223 Road Train Member

    1,871
    2,569
    Dec 30, 2017
    Coal Town
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    Your 7 months new as an O/O or your 7 months new to the trucking industry?
     
    Gdog66223, Apr 4, 2019
    Gdog66223, Apr 4, 2019
    #4
  7. Apr 5, 2019 #5
    mvinuela4812

    mvinuela4812 Bobtail Member

    6
    2
    Apr 16, 2018
    0
    New to industry
     
    mvinuela4812, Apr 5, 2019
    mvinuela4812, Apr 5, 2019
    #5
  8. Apr 5, 2019 #6
    Ridgeline

    Ridgeline Road Train Member

    22,437
    116,936
    Dec 18, 2011
    Michigan
    0
    Who owns the truck
     
    Ridgeline, Apr 5, 2019
    Ridgeline, Apr 5, 2019
    #6
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