So you want to "own " your own company

http://businessknowledgeresource.bl...CSA-2010-Get-Ready-to-Re-write-Your-Contracts

I just ran across this, didn't know where to post it. Just picked a spot. I'm not an O/O, not even a driver yet. Seems like some good info though!

 

Have you ever wished you could go back to the carefree days of company driving?

 

Not me! Everyone's situation is different, but for me, this is the best situation I could be in regarding driving. Being able to be home when I want, schedule my loads to go where I want to go.... I wouldn't trade it.

 

What he said + my years as a company driver weren't worry free - just a different set of worries!

 

Anybody:

Does the law state that you have to run under the leased company's authority and insurance?

( With your own authority)

Thanks,
crusin



QUOTE=NightWind;220143]If you lease you do not have to have your own MC number or insurance as the law is that if you are leased to a company you have to run under their authority and insurance. However you will have to have coverage to repair cover any equipment that is financed.[/QUOTE]

 

I don't know about the law, but it you run under someone else's Authority, you pretty much have to run by their rules. I don't know why someone would do this if they had their own authority. Kind of defeats the purpose of getting your own if you're going to lease onto another company.

 

Gears,

Thanks, you have informed me of much needed info in the recent past.

I'm running under my own Authority,someone else posted that question and I was wondering about that.

Also I don't know if you had saw the post I left for you earier.I cant PM you due to lack of required post's.

Thanks for the advice/info.

Any other suggestions would be appreciated.

crusin

 

Gottcha.
I think you need like 50 posts to PM.
Get to it!

 

After getting all of that, how do I get loads off of load boards, what's the process, how do I get paid. deposit into my bank account, check in the mail?

Looking for information on load board's. I want to buy A truck get my authority. What's the process on getting A load, how do I get paid, how long till I get paid?

 

Subscribe to a load board, when you see a load you're interested in, you call the broker that posted the load. Negotiate a rate. Contracts and paperwork are signed and exchanged. They'll want a copy of your Authority, Insurance Certificate, Tax ID etc. They'll have a contract for you to sign. Once that's done, a load confirmation is generated by them which spells out the load, pickup and drop(s), price they're paying etc. You sign and return. You're committed to the load. Once load is picked up and delivered, you submit the signed BIL along with your invoice. Broker writes a check and you should receive anywhere from 30-45 days after they receive it, regardless of the invoice date. If you need your $$ quicker, you can factor or some brokers offer a quickpay for a fee of course.
This is a simplified explanation of the process.