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Ready to start a trucking company? This 14-step guide covers you, from building a solid business plan to navigating the high-demand trucking industry.
Learn the business side of how to start a trucking company – legal structure, startup funding, equipment financing.
On the legal and insurance side, the bare minimum required by the Federal Motor Carrier Safety Administration (FMCSA) for opening a trucking business is $750,000 in primary liability insurance. However, most brokers are going to require that you have coverage of $1 million or more, so in many cases, it makes sense to increase your coverage limit.
Trucking can be a lucrative industry, but you should be aware of the many licenses and fees involved. This step-by-step guide will show you how to start and run a profitable trucking company.
We’ll break down the key facts you need to know about how to start a trucking company into 11 easy-to-follow steps. With this guide, you’ll discover that becoming a truck company owner is an achievable goal.
Starting a trucking business requires a big investment upfront to purchase a tractor and trailer(s), plus licensing requirements and registration. Identify sources and terms for financing and secure a line of credit.
Before your company can begin operating, there are numerous government requirements you will need to meet and also keep current. This checklist walks you through all the steps necessary to start a trucking company, gain your authority and operate legally as an interstate trucking company.
Take the leap from driver to trucking business owner in eight simple steps. Start your own successful trucking business from scratch.
Start a trucking company by following these 10 steps: Plan your Trucking Company. Form your Trucking Company into a Legal Entity. Register your Trucking Company for Taxes. Open a Business Bank Account & Credit Card. Set up Accounting for your Trucking Company. Get the Necessary Permits & Licenses for your Trucking Company.
Step 1 - Gain Experience. Newcomers to the trucking industry are frequently advised by veteran owner-operators to gain truck driving experience as a company driver before taking on the challenge of starting a trucking company. Why?