Starting a(n) Trucking Business Licenses & Tax IDs

Hi, I'm Rivers How to get dot and mc Trucking Free llc
A transportation route & courier company that is contracted out to companies requiring owner operators to deliver specific non CDL grade loads as well as occasional passenger transport upon request and contracted availability interstate and intrastate.

Using leased vehicles i.e. cargo vans ..., Rivers.

Hi, I'm Wylie what steps to take I have my CDL and would like to transport Freight, vehicles, products, oil, gas, by being an independent contractor.
A: Hi lulu, here is what steps to take for freight hauling. You don't need a special license for that except the CDL and the regular business registration licenses. That said, formin..., Wylie.

Trucking

As the majority of Trucking businesses, 99.9%, you will need an occupational business license even if you obtain a free LLC filing, or you incorporate. In addition, you may need a federal tax ID number, and if you sell any merchandise, you will need a resale tax ID number. Also note that all LLC s need an occupational business license.

Also, if the LLC has more than one member, or you will file a tax return for the LLC as a corporation as opposed as a disregarded entity, you will need a federal tax ID number for the LLC. Starting a business, the first step is to choose the tax legal structure.

There are three major ones:
1. Sole proprietor,
2. Partnership, and
3. Corporation or Limited Liability Company.
All small, home or web based businesses as well as big businesses must choose and register as one of the above.

In addition, businesses must obtain a trucking business tax registration occupational license receipt. If selling any taxable items, a business must also get a reseller ID number to buy wholesale and sell retail.

Finally, if a business is an employer, it needs to get a federal EIN and a State EIN.

A transportation route & courier company that is contracted out to companies requiring owner operators to deliver specific non CDL grade loads as well as occasional passenger transport upon request and contracted availability interstate and intrastate. Using leased vehicles i.e. cargo vans straight trucks SUVs and sedans for safety and insurability of deliveries and consistency.

Operating as a contracted service provider to assist other companies in their cargo and logistic necessities.. Hey Tony, it's great to meet you! Congrats on taking the first steps towards starting your transportation and courier company. Remember, the road to success is always under construction.

First, let's talk about the NAICS code for your business. Based on your description, your business falls under NAICS code 484220 - Specialized Freight (except Used Goods) Trucking, Local. This industry is projected to grow by 4.2% over the next five years, so you're in a good position to capitalize on that growth!

When it comes to starting your business, you will need to select a business structure. An LLC is a popular choice because it provides liability protection while also being relatively easy to set up.

As for filing as an S-corp, that can potentially save you money on taxes, but it's best to consult with a tax professional to determine if that's the right choice for your specific situation. And if you need some funny business name ideas, how about "Speedy Gonzales Delivery Service" or "Tony's Transport and Treats"?

To buy items wholesale, you will need to obtain a state sales tax ID, also known as a Seller's Permit. This will allow you to purchase items from wholesalers without paying sales tax, which can save you a lot of money in the long run.

As for the sales tax rate in your state, that varies depending on where you live. You can check with your state's Department of Revenue to get the exact rate for your area.

When it comes to pricing your services, you will need to do some research to determine what the going rate is for transportation and courier services in your area. Generally, you can expect to mark up your costs by around 20-30% to ensure a healthy profit margin.

And if you have a couple of employees, you will need to obtain both a federal and state EIN. It's not necessary to form an LLC as an S-corp, but it may be a good choice for tax purposes.

Remember, it's always best to consult with a legal or financial professional to make sure you're making the best decisions for your business. Good luck on your journey!

1. SELECT LLC, DBA, CORP

From sole propr., MN LLC, MN partneship or MN Corp.: Each requires an entity certificate filing.

2. TAX IDs - PERMITS

All Internet Business businesses/entities need a business license and an EIN.

3. MN STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a MN seller's permit.

✔ Biz Structure

You can choose to be a(n) :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Foley Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) business doing business under an assumed business name in Benton County i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n) assumed business name certificate. E.g. you venture into a(n) business and you give it a trade name such as "Excellence & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In MN you need a resale ID ( AKA seller's permit) if you selling touchable items. (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
Seller's Permit

✔ Federal EIN

Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID. However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting a federal tax ID number.

✔ State EIN

Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a MN Federal Tax Id Number ($29) and a(n) MN State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Foley, Incorporate in MN or form a(n) MN LLC .

You have a choice to file a DBA or form an LLC or incorporate. If you will do business under your first and last legal name you will not need to get a fictitious business name.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.

✔ Incorporation

If you do form an llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Foley business name. In lieu of recording a Benton County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in MN or form an MN LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .


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