Valid MC # for sale???

Discussion in 'Trucker Forum Classifieds & Trading Post' started by michelle22, Jun 29, 2015.

  1. michelle22

    michelle22 Bobtail Member

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    Jun 29, 2015
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    starting a new business. would like to purchase a new active mc #. any sellers???
     
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  3. LGarrison

    LGarrison Road Train Member

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    Three hundred dollars at FMCSA
     
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  4. swiff

    swiff Light Load Member

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    Apr 22, 2014
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    Is it even legal to sell an MC I have one I used for a year but I am skeptical about selling it. I don't want any company running my business name down.
     
  5. CaptainDaveG

    CaptainDaveG Road Train Member

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    I have a 7 year old one....5 grand.Yes you can sell them...I have a shell company that holds it.

    Be Safe Out There

    Captain Dave
     
  6. michelle22

    michelle22 Bobtail Member

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    Jun 29, 2015
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    are you looking to sell it??
     
  7. LGarrison

    LGarrison Road Train Member

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    Buying someone else's numbers. It's just buying somebody else's reputation whether it's good or bad. You can get a brand new squeaky clean MC numbers from FMCSA for $300
     
    Last edited: Jul 14, 2015
    Reason for edit: Add to post
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  8. fortycalglock

    fortycalglock Road Train Member

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    It would need to be in a corporations name, and sell the buyer the entire corporation. Most of these buyers are looking for active MC's with insurance already in place.
     
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  9. swiff

    swiff Light Load Member

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    Apr 22, 2014
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    Cool. That means they have to use my business name if I sell the corporation how does that affect taxes?
     
  10. CaptainDaveG

    CaptainDaveG Road Train Member

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    They can apply for a name change...its pretty simply you are buying a LLC. Yes its a taxable event but depending on your expenses it might result in zero gain....

    Be Safe Out There

    Captain Dave
     
  11. fortycalglock

    fortycalglock Road Train Member

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    You would be selling your business. Most buyers are going to want all liabilities to be paid in full at the time of sale. Yes the purchase price would be taxable. After the company is in control, they can easily do a name change with the Feds, if they desire.
     
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