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sharing vehicle profit in half, docs needed

Discussion in 'Trucker Taxes and Truck Financing' started by DLJ, Apr 1, 2019.

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  1. Apr 1, 2019 #1
    DLJ

    DLJ Light Load Member

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    thinking of buying a truck with a friend and sharing profits in half , is there any documents to sign to assure this procedure
     
    DLJ, Apr 1, 2019
    DLJ, Apr 1, 2019
    #1
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  3. Apr 1, 2019 #2
    DUNE-T

    DUNE-T Road Train Member

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    Detroit, MI
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    Don't forget to sign losses in half too
     
    DUNE-T, Apr 1, 2019
    DUNE-T, Apr 1, 2019
    #2
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  4. Apr 1, 2019 #3
    S M D

    S M D Road Train Member

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    sacramento ca
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    Buy a revolver with 1 bullet in the end you guys can play for the truck
     
    S M D, Apr 1, 2019
    S M D, Apr 1, 2019
    #3
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  5. Apr 1, 2019 #4
    roshea

    roshea Road Train Member

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    There are much less expensive ways to break up your friendship.
     
    roshea, Apr 1, 2019
    roshea, Apr 1, 2019
    #4
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  7. Apr 1, 2019 #5
    DLJ

    DLJ Light Load Member

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    wow lol
     
    DLJ, Apr 1, 2019
    DLJ, Apr 1, 2019
    #5
  8. Apr 1, 2019 #6
    S M D

    S M D Road Train Member

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    It’s a simple answer

    There’s more to it than I give 7 grand you give 7 grand we finance a truck and get rich. You have absolutely no idea.
    You’re better off as a company driver for swift rather than splitting a truck.
     
    S M D, Apr 1, 2019
    S M D, Apr 1, 2019
    #6
    Western flyer and roshea Thank this.
  9. Apr 1, 2019 #7
    gokiddogo

    gokiddogo Road Train Member

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    Ontario Canada
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    They are all spot on the money...
    This is an excellent way to terminate the friendship, while making a financial mess of things as well.
     
    gokiddogo, Apr 1, 2019
    gokiddogo, Apr 1, 2019
    #7
    Bean Jr. and roshea Thank this.
  10. Apr 1, 2019 #8
    S M D

    S M D Road Train Member

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    sacramento ca
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    I’ve seen a guy and his cousin or whatever they were buy a truck but one of them helped the other buy a truck. Then they ran hard for like 6 months and then they help the other guy buy a truck.. then they opened up a company together.... then they started bumping heads.. and then they went their soeerate ways.
    Both became pretty successful too.

    So that’s a way
     
    S M D, Apr 1, 2019
    S M D, Apr 1, 2019
    #8
  11. Apr 1, 2019 #9
    DLJ

    DLJ Light Load Member

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    Apr 16, 2017
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    i'm a dispatcher for a company , i already have a trailer which i'm renting to one of my driver , just trying something else ...

    any ways to lease a trailer to a company , is there such a thing ?
     
    DLJ, Apr 1, 2019
    DLJ, Apr 1, 2019
    #9
  12. Apr 2, 2019 #10
    little cat 500

    little cat 500 Road Train Member

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    One truck will not support 2 family's if it did id have a driver in mine and stay home
     
    little cat 500, Apr 2, 2019
    little cat 500, Apr 2, 2019
    #10
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