grats but I would of said hold off on getting the llc, now you have reporting you HAVE to make sure you stay on top of. Also your tow car/truck should have DOT numbers since its being used to haul company goods on top of changing your auto policy from private to commercial or they wont cover anything if your hauling for commercial (your company)
Should of moved just a tab slower..
An trust me..I am speaking from exp...a lot of it
New Guy
Thanks for reading and leaving your thoughts!Originally Posted by easyrecycle
I wont change the insurance on my care, but once I buy a truck I suppose I would have to insure it under the company name... but why would I not want to do that? The funds are ready for the truck and insurance, and I want to appear to prospects as a company rather than an individual.
What do you think I should move slower on if im looking to make this a serious venture? I mean that in a serious manner. Should I wait to get a larger vehicle than the 3k-ish range for a truck? I could wait for more contacts, but the ones I have are already developing as fast as I can keep up. I thought having the LLC would protect me a bit.
The estate sale!
I ended up getting a variety of different tools and not much else... couple big trash cans... haha! Prices indoors were like walking through Target....
The bundle of wire WAS in fact a big ol roll of Romex (like 80 pounds), but had a tag "Not for sale"
Truck needs to be a newer truck, can haul more weight but if you need a cheap good running truck my old one that runs on veg oil I am selling if you need bigger truck (7.3 diesel) but I would say get a standard DBA and so you can file things under your S/N for the first year or two. This way you can DO it as a company and but not have all the added costs of having a llc. When you have a llc you have to have heath insurance, monthly meetings and reporting, have a BoD and a line of other things...cost is far more than just the up front paperwork.
Best truck to use...a 2006 to 2007 ram 3500 5.9. they haul like hell get good mpg and none of the epa crap that makes them brake down, but they can cost 25 grand.
Again, do a DBA..build up hire attorney and slowly build up from there. Get GOOD insurance that will protect you and theft....thats worth its weight in gold.
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