Should You Form Your Trucking Business in Another State?
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- Опубліковано 17 лип 2024
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ABOUT ME:
What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
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DISCLAIMER:
The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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I really appreciate the information that you put out, I know you don’t have to do this especially running your own company however you do and me personally I would recommend your page to anyone that’s looking for information about starting in this industry, thanks again and I wish you nothing but the best!
We can always count on you David to give us the real deal about business when it comes to the trucking set up Much appreciated!! 💯💯💯💯💯
Great video homie keep that content coming in, we appreciate you.
Great video brother,keep em coming
Very helpful brother. You are doing a good work.
You on point. Instant sub.
Thanks Brother
I just had my consultation with David, very good content given. If your trying to get into the trucking business before you pull the trigger it would be best to talk and become informed about the decision your about to make. I've looked at several people on u tube and he breaks it down so you can understand and know what your about to get into. So would I say it was worth the money yes it was.
You should make a video speaking of what type of llc (Domestic or Foreign) people need for their trucking business. Thanks for all the videos. They are really helpful!!
Right on time with this content🙌🏿 my insurance in Florida is nearly 2k monthly
My buddies is to but in Illinois on a new my is half of that
Swear I was thinking about this when you mentioned the NYS milage fees. Scrolled down and here's this video. Its like you're a mind reader!
Hello David, I like your videos be at you are very honest and sincerely in what you say, thank you for your help. Question you still do coaching ? , because I’m trying to get into trucking business.
David I appreciate you!!!! Your a great person, I love the information. I'm actually moving to fisher Indiana next year from LOS Angeles. Not to step on your toes in indiana, but I'm going to open a trucking company. Soon I would like to pay for your knowledge. Talk to you soon, stay great and wish you nothing but abundance.
LA is great but Fisher is really robust and down to earth place! You'll love the area after a while
@@damienturner6368 Thank you I appreciate you. I believe you, I'm excited to call indiana my new home. Looking forward to a great life in indianapolis. Once again I appreciate your time and information.
Love your videos!!!Can you make a video on what documents needed for freight moving and drop & hook loads? Where can you retrieve these documents?
Can you explain again? I’m not sure I’m understanding the question. My bad
These are the best knowledge that you need to know if you want to do out of state, but also crucial info to know in this business, covering your ass the best in your insurance with in the legal frameworks.
Hey @David McGill, Can you please do a video on what should you look for when buying your first truck? Thank you for your videos
Bring a mechanic that's good and that you can trust
Exactly look for a mechanic will probably save you thousands of dollars in repairs . I found out the hard way !
@@safetrucker how what happened
Depends rather you buying it new or used, if used find somebody that was a proud owner operator that took pride in his truck that is just got old
PA , OHIO all you need is residential address . You don't have to turn over your license. Great Work
Can you make a video about insurance. What’s the the minimum you need to have for your authority and what’s the average cost etc etc
Good content like always just need to remove the mic from the chain..thanks...👍
Good video show got to hire a driver...the process
Info regarding workers come and unemployment insurance would be helpful
Good stuff! Getting my authority real soon and need all the info I can get.
Dope where u getting ur truck from?
@@everythingbyjohn I got a truck 5 months ago and haul intermodal under someone's authority
@@aptservicesllc3084 excellent. Where u bought it from?
@@everythingbyjohn Got it from a local dealer in Newport, AR
@@aptservicesllc3084 dope man. What's their website or contact info?
Please make a video about Shipperinfo app, truckers should know about all mobile apps which help in everyday routine. Thanks!
Unless things have changed, I could not by insurance for me truck in DC. I had to use a buddies address in MD to get insurance.
David can you do a video on the pros and cons of an owner having a CDL compared to no CDL? I don’t plan on driving but am considering getting my CDL.
The cost of insurance in say Alabama vs Florida, here where I live is considerable. I haul 🚗 the price differential is significant
Any solution to this issue, im also in FL.
There has been a lot of litigation and court fights for virtual offices to be legally accepted as a real business address.
That’s what I’m trying to decide, any ideas about those cases
Hey David! I was wondering, do you have any good resources/ advice on cargo van expediting?
I’m really interested in getting into logistics and cargo vans seem like the best way to start off in this business, would love to hear your opinions/advice!
Thanks so much!
Yasssss you should. Especially if the insurance in your state is super expensive. You can always file as a foreign entity in which ever state you want to work in. Super plus is that you can run loads in states that don't have state taxes.
Do you have experience with this because this video seemed to be saying it’s not a great idea? I would like to see a video on how to do it successfully.
@@tamieleo12 Yasser I want to say the details but I'm afraid to many people will do it then it wont be allowed anymore. If there is a way I can PM you like on Instagram I'll tell you the details. Sis2sis
@@jwilson178 I don’t have Instagram but here’s my fb
facebook.com/tammy.leonard.90226
@J Wilson I am currently working to do the same with my authority. I live in MD and want the rates out of WI... I’d love to talk with you more about it... my IG is @buggs_vs_buggs
@@jwilson178 🙌🏽 Thanks for the info! Hope we can connect and I can ask a couple of more questions on how you got it done...on the hush🤫 IG: @buggs_vs_buggs
how about starting a trucking business from outside US? setting up a company in US, and manage the company with visits to US and then shift to appropriate visa
Great info. I would like to start my own company but I need more information. Any way you can help me?
If your trucking business is just going to be one truck only and under someone else's authority, then there shouldn't be an issue. Picking SD is the easiest way to do this setup.
Hello David. Could you tell me where you found your first trucks so cheap?
Hey @ David McGill, Hello, my name is Stephan. I live in Canada and I'm interested in starting a Trucking Business in USA. I saw a few of your videos on youtube and you have inspired me. My only question is this: do you think it is possible to run a Trucking business as an owner and do all the paperwork but without having the CDL, and without actually residing in USA ? ( I do have a licensed driver by the way)
hello man!
how do you feel what are the best states to have and maintain a trucking company with good conditions.
thanks in advance
Mr. Dallas , can I have two LLC AND two MC numbers ? I don’t wan to add owner operators on my authority but I wanted to create a separate one for Owener operators
Def can do that
My brother has his own trucking company and wanted some feedback. Idk if you can answer my questions but I appreciate your videos. I was thinking about financing a semi truck and becoming an equity partner I guess is the right term. I don’t have a CDL myself and I’m thinking of letting him drive the truck and split profits but I have no clue on how to go about it and if it’s worth it
I know one trucking company has the headquarters in Colorado, but is plated in Oklahoma.
Lots of companies are plated in Oklahoma. I've always heard it's cheapest there.
And Indiana
which state is best for insurance and tax benefits. i wiill come from another company to make a small fleet. thank you
Thanks brother .. I have a question I own one truck and leases with someone else . I want to open my company and Start dispatching for me. Do I need a book keeper or I can do all the formalities by myself ? Like register my company name and apply for us dot and mc no . ? Thanks 😊
Good stuff. Please can i email you? I have a list of question about registration process. Thanks
WOULDNT YOU NEED an address to file the LLC in the state and also an address or prooof you stay there in the state? How does this work ?
HOPEFULLY SOMEONE CAN ANSWER THIS IF YOU FORM IT IN ANOTHER STATE (LLC). Since you’re driving a truck are you obligated to change your CDL to that state or keep your original state CDL or drivers license. And just work as an out of state driver ? Also say you live in Florida but work in North Carolina and have the LLC in that state will I pay income tax to that state and state tax for the LLC ? Since not im not working technically working in Florida because the company isn’t base out of there.? Thanks
Do you know anything about virtual addresses for trucking businesses? If so how can I find one worthwhile
DO WE HAVE TO GET ANOTHER ADDRESS FOR A FOREIGN LLC OR CAN WE USE THE HOME STATE ADDRESS FOR EACH NEW FOREIGN LLC ?
Is alabama truck ins. Cheaper than Florida truck ins.?
Hi I'm in California an LLC is $800, our business in mainly online, you think I can set up a business somewhere else?
what about tax time?
If I paid Apex Capital to startup my trucking company would that be a smart move or would that hurt me?
Hello I'm in Indy too. Do you meet up with people personally?
Do all these steps apply for both commercial semi truck and dump trucks David? My husband and I have places in both Texas and Florida.
Dump trucks that stay in one state don’t require IRP, but I would run your questions by your insurance agent
Can I have the business in another state and my employee or driver live in another? For example, I live in Florida and want to register the business here but my dad has his CDL and lives in Indiana. Thank you for your time.
I just asked this question lol. Hope we get an answer
Also would this be the same for hot shot trucking? With strictly a truck and a trailer?
Yes the advice is the same no matter what type of trucking, which is be as transparent as possible with your insurance agent about your intentions so you don’t run into a problem down the road
Wats a good ifta filing company
I’m going to start a trucking company now. I have a truck and I came up with a name. I could use some help. If you have a minute I would like to speak with you to make sure I’m doing this correctly
I'm in Jacksonville, FL. I was told it's getting freight coming into FL but hard getting freight going out, and that I should think about working out of another state. Any truth to that? I'm trying to start a box trucking business specifically box trucks starting out
I have seen the load boards and in FL ther are never or hardly any loads going out of FL
@@myesharoden4522 Ok thanks for the info
Hey thank you for explaining all of this! I have been wanting to do this but it just gave me clarification!! Do you know any attorneys that you can recommend in Chicagoland area?? I own a small trucking company in Joliet IL
Do you 1099 your drivers? If not how do i obtain benefits for employee drivers?
Hey I definitely need you email also have some questions like where to go to start LLc?
Usually thru the state or legalzoom.com
McGill , what is the name of the truck's dealership you dealing with them ?
If I understand the question. The answer is Rush Truck Center. Just Google it and go to their website.
Can someone please help me with a question: I have a multi member LLC (all live in different states), whose state income tax will they look at for filing IRP/IFTA? one person's, registering agent of the state, or all members of the company?
I really appreciate any help
The person that creates the IRP account will be responsible
@@KM-hq4gc Thank you!
Great content ...but that serious game of connect four in the background had me distracted. .😂 I'm kidding , good stuff Bro!
From what I understand LLC registered in other states where don't live you still have to pay taxes to both . There's right way and the wrong way.
I’m not even going down the tax rabbit hole lol. I’m speaking more from an establishing operating authority standpoint in this video
@@TruckingFromScratch tall to you soon ...
Im sorry if you is in state where the state is a non reporting state meaning you hide who owns the LLC you are good .
I live in California but wanna start my trucking company in a different state so I can buy a pre-2012 rig and get it registered to drive all across the country (except the lame states that wont accept my truck)
Did you find out how to set up in different state?
@@EMROcutz not yet. Unfortunately
been trynna do that myself
Do you have an email address that I could use to ask an in-depth question? If you decide that a 1 on 1 would be needed to answer it, I would be more than willing to set one up.
What’s your email
A bro you live in Indiana
enjoyed the learning experience, is it just me or is the audio crackly sometimes.. sounds like someone eating chips.. heh. But a+ for the helpful videos.
Eating chips for sure 🤣. Still love the video tho
Should I form a LLC if your going to lease on to a company
I would
@@TruckingFromScratch So I would lease on to the company under my LLC name?🤔
I’m not giving you any advice. That’s what I would do though
@@TruckingFromScratch I need help bro lol
Lol I just gave it to you
Do you have a email or contact information
could you post your email...I have a few questions for u !!
Sound like dudes playing spades in the background man!!!
😂😂😂😂
So basically you aren't supposed to open your authority in a state you don't live in. Got it. Lol
Water bottle crackling was like nails on chalkboard. Couldn't watch the entire video.
Bro I wanna watch this video but can’t cause your mic is eating pop rocks