STEPS TO OPEN A TRUCKING COMPANY
These are following steps to open a trucking company in USA are as follows :
1) Register MC Number or Lease an MC number
2) Purchase truck or Rent Out a truck
3) Get Liability and cargo Insurance
4) Step by Step paper work to start a trucking company
5) Start booking loads and generate good Revenue & Increase your fleet by the time.
Step-by-Step Paperwork to Start a Trucking Company
1) Choose a business structure and register your company
1) Choose a name for your business.
2) Choose a legal structure: LLC is more common.
3) Register the business with the Secretary of State of Your State.
4) Get your EIN (Employer Identification Number) from IRS (Free): IRS.gov
2) Subscribe to the USDOT number
Necessary for all operators who operate commercial vehicles on the state lines. Apply to the FMCSA website: https://www.fmcsa.dot.gov
3) Subscribe to the number of MC (operational authority)
Necessary to transport regulated goods in the states by rent. Apply through FMCSA: Unified Registration System (URS). Fee: US $ 300 (not refundable)
4) Obtain the filing BOC-3 (Process Agent)
Required by FMCSA to assign a legal representative in each state. It can be filed only by a BOC-3 processing company. Cost: $ 20 to $ 50 (single)
5) Buy insurance (responsibility and load)
Must have liability insurance (minimum of $ 750,000; most operators receive $ 1 million). If you carry shipping, you will need load insurance (minimum of $ 100,000). Its insurer Archives BMC-91 or BMC-34 with FMCSA.
6) UCR File (Unified Carrier Registration)
Required annually for interstate carriers. Fleet size rates. Archive on: www.ucr.gov
7) Apply IFTA (Fuel Tax Agreement)
Necessary to operate through the state lines. Apply with the revenue/transport department of your home state. Help you report and pay fuel taxes quarterly.
8) Register for the IRP (International Registration Plan)
Necessary if you travel through the states with a commercial vehicle. Payment based on miles traveled in each state. Subscribe through the motor vehicle agency of your state.
9) Subscribe to a drug and alcohol test program
Mandatory if you have a CDL and operate commercial trucks. Join a consortium approved by DOT.
10) Store a paperwork file (must-have documents)
1) Business Registration (LLC, ET)
2) Mc & Dot -figures
3) Insurance Certificate (COI)
4) BOC-3 form
5) Leases (if rented)
6) Vehicle registration, IRP and ifta decals
7) Driver files (CDL, Medical, MVRS)
8) Maintenance register
9) Logs with drug testing
10) 📝 Bonus Tip:
Use a supplier of match services such as DAT Authority, JJ Keller or Truckers Bookeping Service (TBS) if you want someone to handle all paperwork for you.