So you want to "own " your own company

Discussion in 'Ask An Owner Operator' started by NightWind, Nov 16, 2006.

  1. TURKER

    TURKER Medium Load Member

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    You can get $ 1.49 mile with JB hunt
     
  2. MeatHead

    MeatHead Medium Load Member

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    Can you provide a a link that states that? Maybe $1.49 and 900 miles a week but not $1.49 and 3,000 miles a week. Rates are very subjective depending on the miles.
     
  3. Buzzlightyearky

    Buzzlightyearky Light Load Member

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    OOIDA ran a good article recently about some law suits, and the difference between LLC and Incorporated. As a result of the suits, they said that your gona see many companies refusing to deal with you unless your incorporated. Has to do with Labor taxes, unemployment, and a O/O being considered a subcontractor versus an Employee. So I would suggest researching this before you go the LLC route. Call them, and ask them for a copy of the article, I used to be a LLC, and I am going to Incorporate, it is just better in the long run, despite the additional cost and paperwork.
     
  4. Bigray

    Bigray Road Train Member

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    So what is your BEP break even point.

    it is good to know this number when considering putting yourself and truck to work.
     
  5. rickybobby

    rickybobby Road Train Member

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    here are my numbers based of a 100k mile yr.

    base plates .014
    maint acc .08
    tires .024
    pm/ oil changes .024
    taxes .08
    misc .024
    trk payment .092
    driver payment .38
    bobtail ins. .01

    These are my number so far...like i said before i am leaning toward the .75cpm, because he pays for all fuel and i think fuel will be going up.

    Also, im single with no kids. I am in the NC National gaurds so i have health insurance through tri care. I think i could make this work, Part of it is money. But, more home time than money! i have drill once a month . i want to get home when i want to. The guy im thinking about leasing on to say i can go home whenever i like.
     
  6. hogrider337

    hogrider337 Bobtail Member

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    i have bad credit want to become owner operator what truck dealer will help me get started haveing trouble with finance
     
  7. Native Dancer

    Native Dancer Heavy Load Member

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    If you have bad credit you are not qualified to be a businessman.
     
    davenjeip and jdrentzjr Thank this.
  8. TMFGO45

    TMFGO45 Bobtail Member

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    I have researching absolutely everything I can think of. And some things I just can't find answers too, and some things I would like driver input on.

    I am obviously going to be getting a truck. On the "paperwork" side of things I am wondering a few things.
    I will be leasing on with Landstar when I get approved. (I won't be getting a truck until I know I am approved) And I know they pay for the plates, permits, and insurance upfront, with you paying them a certain amount each week starting on week 5.

    1) The insurance, do they provide all the insurance I need? Or is there something I still need to get on my own?(or anything i need on my own outside of insurance) (including the time I have to drive the truck to the orientation, before I officially sign the lease)

    Now for the actually truck.
    I am getting concerned about wheelbase. I want a nice sleeper. My parents have a 96" sleeper, but it is on a straight truck, and that is not what I will be doing. But I do feel like 96" is the smallest I would want to go for me and my wife. So, the bigger the sleeper, the bigger the wheelbase. And I am trying to get an accurate idea of REALLY how much harder can a truck with a wheelbase around 280" be to drive and maneuver? I am going to toot my own horn and say I am good at backing and making tight moves if I must, so is this something I should be worried about?

    Now about the sleeper itself. I REALLY want a sleeper that I can stand up in, and I am 6'3". Will Mid-roofs work? Or am I into the hi-rise already?
    Also, I see there are all different sorts of sleeper "brands" I guess you could say. What I am truly looking for, and would take less than a 96" sleeper if it was in there, is a sleeper that includes a fold up bottom bunk where a table and bench seating would be, or no bottom bunk at all. And a built in refrigerator. That's the minimum.

    Is there a certain brand or something I should be looking for?

    As I come up with more questions, I will post them, unless I find them covered extensively elsewhere.
     
  9. stranger

    stranger Road Train Member

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  10. TMFGO45

    TMFGO45 Bobtail Member

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    Interesting thing I noticed with that listing is that the sleeper was 100" and they got it on a 260" wheelbase. I thought that would be up closer to the 300's. So now at least I know I can have a decent sleeper with a decent wheelbase....IF I can ever find one that is.
    That listing just looked to....well....dirty....I guess....and was 30K for a 96'. I've seen way better deals than that one so far.
    But I'm really glad you showed me that.
    I have seen a few of these Double Eagle sleepers and they are all like that...so maybe Double Eagle is what I should be searching for.
    I'm going to have to look up a definition of all sleeper types I think.....but for now the Double Eagle search is on!