Makes a great gift! After your purchase, just copy the download link and give it to the person you want to have it. CAUTION: Link is only good for 5 (five days).
EXPANDED – More detailed information! Over 100 pages.
All new updated links!
TAX DEDUCTIBLE! If you do start you own trucking business, the cost of this ebook is tax deductible as a business expense. Just print and save a receipt when you check out.
TAX DEDUCTIBLE! If you do start you own trucking business, the cost of this ebook is tax deductible as a business expense. Just print and save a receipt when you check out.
A complete guide to becoming a successful owner operator – everything you need to know from A to Z. This ebook will walk you through, step by step, the process of starting your own trucking business. It is geared toward the one-truck owner operator, but can be also be used by those who want to hire employees to drive.
It can save you time and money in research trying to locate the correct agency, purchasing the right permits, getting the right insurance. You may want to hire an agency to do all of this for you, but after reading this ebook, you should be able to do everything yourself, without paying others hundreds of dollars.
It has information which will be useful after you start your operations, helping you to not only make money, but how to budget and save that hard-earned dough.
Author: Lynn Mills (Road King)
I have been driving a truck since 1967 and have been an owner operator since 1972. As I am nearing retirement age, I decided to share what I have learned over the years with those of you who are thinking about buying a truck and starting your own business, and perhaps help you avoid some mistakes I made along the way.
This eBook is available for immediate download, just by clicking on the button of your choice. It is in PDF format (you need a PDF reader such as Adobe Reader), and you can save it to your computer, eReader, or other device (file size: 55.82 MB).
PRINTABLE: Although this eBook is not available in hard copy, (saving you shipping costs) it can be printed. It is formatted to be printed double sided (saving you paper) and fastened on the left side. Of course, it can also be printed single sided.
PRINTABLE: Although this eBook is not available in hard copy, (saving you shipping costs) it can be printed. It is formatted to be printed double sided (saving you paper) and fastened on the left side. Of course, it can also be printed single sided.
You can pay by PayPal (you do not need a PayPal account), Credit Card, eCheck*, or Google Checkout. No matter which method you chose your transaction is secure.
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This book is unique in that it has clickable links throughout to the agencies you need to contact for licensing, registration and more.
This ebook is a must-have for those thinking of becoming an owner operator. It takes you step-by-step through the process of obtaining a business license, how to buy your equipment, and getting it legal.
After you get started, this book will help you with required bookkeeping, record keeping, drug and alcohol, taxes and everything else you need to know.
This eBook is packed with information, AND you won't find pages of white space at the end of each chapter.
This eBook is packed with information, AND you won't find pages of white space at the end of each chapter.
Do you know...
- That you need a business license?
- How to get one?
- Do you know the pros and cons of getting your own authority or leasing your equipment to a carrier?
- What kinds of licenses and permits you need for your business?
- Where and how to get them?
- If you need a business plan and how to write one?
- How to get a loan?
- The difference in business structures (sole proprietor, partnership, and LLC)?
- Do you know what type of business structure you should have - and why?
- What kinds of licenses and permits you need for your equipment?
- Where and how to get them?
- What is TSA,TWIC, FMCSA, MC number and MORE?
- If you need any of these?
- What kind of equipment you need for your operation and why (how to spec your tractor/trailer)?
ALL THESE QUESTIONS AND MORE ARE ANSWERED IN THIS eBOOK
What's Inside (See Table of Contents below for complete list):
Over 100 pages
How and where to get a CDL (Commercial Driver's License).
How to decide what type of entity (business structure) you need (sole proprietor, partnership, LLC or LLP).
Writing a business plan.
How and where to get your business license.
How to spec and purchase your equipment, including tips for financing.
How to spec and purchase your equipment, including tips for financing.
How and where to register your equipment – including permits and taxes (includes links to Canadian business and registration agencies).
How to figure if you can make a profit using an interactive Cost Per Mile (CPM) spreadsheet calculator (includes a Mile Per Gallon (MPG) calculator).
Fuel surcharges.
Getting your own operating authority, or leasing your equipment to a carrier.
Information about preventive maintenance.
Bookkeeping and record keeping information, including drug and alcohol.
How to increase your bottom line.
Depreciation.
Fuel, road, and IFTA taxes.
Tax calendar for each type of entity.
Definitions and trucking terms.
Load board information.
Check out the Table of Contents to see everything that is included.
Yes, most of these topics are covered on my blog, but not in the depth they are covered in the eBook.
TABLE OF CONTENTS
INTRODUCTION
BACKGROUND
MAKING THE DECISION
TAKING THE FIRST STEPS
How Much Will it Cost to Get Started?
Commercial Driver's License (CDL)
Classes of CDLs
Endorsements
Additional CDL Information
Employer Notification
Disqualifications
Truck Driving Schools
EQUIPMENT
Tractors
Tractor Additions
APUs – Auxiliary Power Units and GenSets
Trailers
Trailer Accessories
Miscellaneous Equipment
Office Equipment
CREDIT
Credit Reports
DAC Reports
Tips for Filling out an Application
OPERATING AUTHORITY OR LEASING
Operating Authority
Leasing Your Truck to a Carrier.
FINANCING
What About Lease-purchase Contracts?
Conventional Financing.
Non-Conventional Financing
INSURANCE
For Those with Their Own Authority
Required Insurance
For the Leased Owner Operator.
Required Insurance
Optional Insurance
INCOME AND EXPENSES
Income
Fuel Surcharges
Expenses
Deduction or Depreciation?
Leased (Rent/Purchase) Equipment
Repairs vs Improvements
The Bottom Line
BOOKKEEPING
How to Set Up a Spreadsheet for Bookkeeping
How to Set Up a Database for Bookkeeping
How to Set Up a Software Bookkeeping Program
How to Use Bookkeeping Reports
HOW TO MAKE AND KEEP MONEY
RECORD KEEPING
Drug and Alcohol
Permits, Taxes, Licenses and Safety.
TYPES OF ENTITIES and TAXES
Sole Proprietor
Partnership.
LLC or LLP
Corporations and S Corporations
LICENSING and PERMITS
Getting Your Business License
Vehicle Registration – IRP
Trailer Registration
Trip Permits
Special Permits
A BUSINESS PLAN
Preparation
Service Corp of Retired Employees – SCORE
Small Business Development Center – SBDC
CPM/MPG (Cost Per Mile/Mile Per Gallon) Chart
Writing Your Plan
LOAD BOARDS
Sample Load Board – Home Page
Sample Load Board – Results Page
OOIDA
IMPORTANT DATES AND DEADLINES
Permits; Licensing Renewals
Taxes
APPENDIXES
Resources
Business Registration and IRP/IFTA
Trip Permits
List of Some Wire Services
Internet Links
Federal Resources
Non-Government Resources.
Equipment
General Information.
List of Company Truck Driving Schools.
Software and Trucking Programs
Load Boards
APUs
Magazines
Credit
Miscellaneous
SUPPORTING INFORMATION
Selected occupations with high fatality rates, 2008
Idling Regulations
Tax Publications
IRS Tax Forms
GLOSSARY OF TRUCKING TERMS
ILLUSTRATIONS OF EQUIPMENT
CHECKLIST
Index of Tables
Example of Apportioned Prorate – Table 1
Projected Income and Expenses Ratio – Table 2
Estimate of Expenses – Table 3
Load Board Results – Table 4
Business Registration Websites (including Canadian) – Table 5
Trip Permits – Table 6
Wire Services – Table 7
IRS Tax Forms – Table 8
ILLUSTRATION INDEX
Example of Spreadsheet Bookkeeping – Illustration
CPM/MPG Chart
Projected Income and Expenses Ratio Chart – Illustration 3
Projected Expenses -- Illustration 4
Sample Load Board Home – Illustration 5
Fatalities -- Illustration 6
Idling Regulations – Illustration 7
Types of Equipment -- Illustration 8




