New to trucking- feeling a bit out of my element

I'm no O/O, but this whole deal seems wrong......Take a BIG step back and reconsider?

Just from what I've read from the O/Os on the forum, you seem recklessly undercapitalized.

Still, good luck to you.

 

You got a WHOLE lot more researching and soul searching to do before you launch this gig. That said, 25% driver wages CAN be "expensed" from the gross revenues and then whatever profit(loss) occurs at the end of the year can be claimed by all parties involved in the LLC........This is how we (wife and I) operate our diner (a 50/50 LLC)

 

This post seems to me, like others, to be a good intentioned held down by bad organization. To the commenters, what do you mean by Fancy Advertising? As a completely new person to the trucking side of the industry (I am a dispatcher) I am curious when I see things like this. Is the main issue with this undercapitalization? Because I can see that and I can see issues with simply researching. I would love for an experienced member of the community to give me their own breakdown of what we've read from the poster.