Question on this list of insurance rates

You can not use a virtual office in MO because the state checks the location to see if they are a address box store or that type of set up. They require that your office be "staffed" 5 days a week and you keep your business records there.

The best way around it I found was to rent a office in a building that has the "community" receptionist. The state people said that "maybe" ok but wouldn't confirm it because they claimed the person needed to be working for your business..

The point from what they claimed, was to stop people from opening up trucking businesses in the state just for cheap insurance rates, so they try to make it more difficult if you aren't a "resident" because you wouldn't be paying any taxes to the state the way their LLC's are set up..

Example my LLC being in MO but I lived in FL, so the money passes through to me and because I'm not a MO state resident I don't pay their state income tax and file in FL. This is why they don't have that same requirement if you pull it from your home, because you'd then be a resident paying taxes..

Now I understand their logic behind that, but the entire reason I was getting forced into trying to do that, is because Missouri refuses to allow you to transfer your LLC to another state. They are essentially holding my ####ing business my LLC hostage.

Luckily, Florida my home state will allow you to domesticate a foreign LLC.. Meaning what I had to do was set up a foreign entity in FL to do business here sop I can pull my MC/DOT here and after that's set up I can domesticate it and drop the MO part.. essentially forcibly taking my company away from MO.. I can also just leave the MO side active if I want to because I'm not paying any taxes there and I don't have to file anything so I can just pay a yearly fee to a agent to keep it open there if I like.

 

They have really high health insurance rates there just FYI.. I guess if you don't live there it's no biggy but WY had one of the highest average prices for health insurance in the country..

 

well with a new MC# they are one of the only options..

 

Well just remember the less things you tell them you will haul the cheaper it will be. Cars will increase the cost by a few thousand from what I've seen in quotes.

I'm in FL so being able to haul cars is kinda a necessity but if you can tell them just general freight it will be the cheapest. Also dont do oil field stuff because that skyrockets the rate as well.

The less boxes you check so far as freight types the better. Dont even say you will haul wood because it pays cheap anyway..

Myself I told them general freight and cars as my only two load types. The least you do specially for that 1st year the better.

As for rates in GA, from what I've heard, they are pretty close to the same as FL.. Personally I was going to be ok with anything in the sub $20k/year range but only if it included cars.

 

Waiting on my 21 day period for the MC#. I ended up opening a foreign entity for my LLC in FL and pulled my MC in FL. By the time I would have rented an "approved" office in MO and dealt with running out there once or twice it wasn't gonna be worth it..

Aside from that the only real reason I was trying to set up in MO is because that's where my LLC was at and MO wouldn't let you transfer a LLC out of their state.. (gotta love that you can't move your business out of their state)

Anyway I found a work around by setting up a foreign entity in FL eventually FL will let me naturalize that foreign entity allowing me to steal my LLC away from MO... Most states allow you to transfer your LLC in or out but not MO.. so remember that people if you happen to set up there..