Setting up a holding company

Discussion in 'Ask An Owner Operator' started by WhatsHaulin, Apr 26, 2023.

  1. WhatsHaulin

    WhatsHaulin Bobtail Member

    16
    4
    Apr 26, 2023
    0
    Hello everyone! I am completely new to the forum and just trying to adjust and get used to it all. I was just wondering if there were any discussions about setting up a holding company with subsidiaries. I would like to learn more preferably with step by step explanations as I couldn't find much info on the web that's related to the trucking industry. If you can answer me here or direct me to a link that would be greatly appreciated! Thanks in advance.
     
    silverspur Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Midwest Trucker

    Midwest Trucker Road Train Member

    5,903
    21,334
    Aug 31, 2018
    0
    I recently went through this but used a high dollar attorney and accountant both together to achieve it. I’d recommend finding the same.

    Your holding company holds your trucking company. It also holds your equipment company, and if you have a brokerage it holds your logistics company.

    Equipment company holds the equipment, trucking company leases the equipment from that company. Logistics company feeds trucking company loads or brokers them out. The holding company funnels back to you the owner.

    It’s not necessary but does box in risk into containers so to speak. This is a high risk business so anytime you can help protect your cash and assets is a good thing.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.