In order to make your business official you can follow the
following steps. These steps have the documentations amd permits
you need to start
LLC stands for Limited Liability Company. The owner of this
company can be call member. This company can has more than
one member (multimember). The reason is Limited is because
you are separating your personal assets from your business
assets. If your company for any reason has any issue then
your personal assets are untouchable. The cost of forming
your LLC depends on what you choose and your State. The cost
could be between $50-$500.
Those commercial vehicles used to transport passengers or
haul cargo in interstate commerce they need an USDOT number.
You will need to register your vehicle with the FMCSA. You
can find all this information at FMCSA.dot.gov
MC Number, is required to have interstate Authority in
Addition to a DOT number. You can find all this information
at FMCSA.dot.gov
What is a BOC-3? This stands for "Blanket of Coverage". This
is a form that you will need fill. Do not worried you do not
have to do it by yourself. All the MC applicants are
required to have a process agent on file with the FMCSA.
This agent does take care of this form, so the legal
documents can be served across state line. The cost for this
could be between $30-$40.
You already know that any vehicles has to have insurance. In
order to get your insurance you will have to make a down
payment which is really based on a couple of aspects related
to your license record. On average this down payment could
be between $3000-$5000.
IRP stands for International Registration Plan. This is
basically the plate which has a cost around $1600. This last
for one year after this period of time you will need to
renovate it.
IFTA refers to International Fuel Tax Agreement. This
agreement is between the 48 lower United States and the
Canada provinces. Essentially this was created to simplify
the reporting of fuel use for motor carrier that operate in
more than one State or Canada province. The carrier receives
an IFTA license and two decals (special sticker) for each
vehicle.
UCR refers to Unified Carrier Registration. It is necessary
the annual registration. The cost of the UCR is around $60.
The 2290 is the Heavy Highway Vehicle Use Tax and has a cost
of $550. This payment is due to June every year. Lets say
you bought a truck in the middle of the year. Well, your
payment that year will be based on the date when you bought
that truck.
If you equipment exceed 10,000 lbs. you will need the DOT
inspection. You can perform this inspection at almost any
DOT Department. The cost of DOT inspection may vary depends
on the State you perform it.
It is required by FMCSA and DOT to be enrolled in the Drug
Program. Hit the link for more information
The decals have to be visible in your truck. These decals
will contain the information of your truck and carrier. The
price of these decals may vary based on the service or
company that you decide to use to make them.