September 28, 2017
How to Start Your Trucking Company with Progressive
Starting your own trucking company can take a lot more time, money, and resources than you might have. However, there’s actually a number of things that trucking companies don’t want you to know about starting your own business.
If you’re looking to start your own business, here are the first three steps you should take before you fill out any paperwork.
1. Do Your Research
Determine what you want your business to offer. Is that service in demand? Maybe you’re currently a trucker who wants to become their own boss. Or maybe you have the next big idea that can change the lives of hundreds. What is your competition? What does it take to start that business? You can find out how much it costs to start a trucking company here.
2. Create a Plan
Write down anything and everything about your business. Make goals for your new business. How are you going to complete those goals? What resources do you need? Who’s your target audience? How are you going to focus on that audience? Start brainstorming and writing down everything you think you might need to make your business happen.
3. Budget Your Finances
No business starts with nothing. Look at what you currently have and create a budget. What resources do you need to start your business? What can you wait to buy after you make a slight profit? Do you need to take out a loan? Can you fund your business without taking out a loan? Try to find ways to keep starting expenses as low as possible.
Are You Ready to Get Your New Company Started?
Once you’ve done these three things, it may be time to register your business legally and get your business started. There are a variety of choices you can make with how your business is labelled legally. You can choose among sole-proprietorship, Limited Liability Company (LLC), or Corporation (Inc) to start. Choosing between one of these three can help you determine how much money it takes to start your company, how your taxes are determined, and what would happen if something goes wrong with your new business.
You can learn all about the differences between these business structures in episode 2 of our podcast Haulin Assets.
These are all the starting points to starting your business, but there’s also a lot more paperwork you have to worry about before you can even get your product or services out there. Here are 10 steps to start your own business you can use as your guide.
If you’re a trucker, maybe your new business idea is to start your own trucking so you can be your own boss. Are you ready to get your trucking company started? While there’s a lot of paperwork, there’s also a lot of help out there to make the process quick and easy. Progressive can help with all the paperwork that comes with starting your own trucking company so you can focus on your new business.
Give Progressive Reporting a call at (866) 574-2978! We can help you with all of the paperwork that comes with starting your own trucking company so you can focus on your new business. Download our free guide to get started!
How Can Progressive Help?
Think of your new trucking company like a Nascar race. You, as the business owner, are the nascar driver and have the skill and expertise necessary to race your car. You also probably can change your own tires, refill gas and oil, and make sure your car has everything it needs to run smoothly to win the race. However, all of that car maintenance takes time you might not have. You don’t want to stop in the middle of the race just to refuel. You just want to finish the race, right? That’s where Progressive steps in.
Progressive Reporting is like your pit crew. We do all of that car maintenance so you can focus on one thing: winning the race. We have people who specialize in changing tires, people who focus on adding fuel, and people who know how to best maintain the car. We do that work so you don’t have to, even though you could change the tires yourself if you wanted to.
When it comes to starting a trucking company, there’s a lot of paperwork that comes with it. While you could do all that paperwork yourself, we can take the hassle out of it and let you focus on what’s really important: running your new trucking company.
Why Choose Progressive for Your Trucking Company?
We know that you can do all the paperwork yourself. However, we want to make the journey to starting your own trucking company that much easier. Unlike other agencies, we don’t give you a generic plan. Instead, we work directly with you and your needs to create a customized plan, and we work with you on your entire journey. We can help you with:
- New LLC
- New Motor Carrier Authorities
- IFTA Fuel Tax Reporting
- Registration & Licensing
- Texas DOT Number
- Drug & Alcohol Compliance
- DOT Audit Assistance
- Safety Upgrades
What Can You Expect with Progressive Reporting?
Progressive is different than other trucking authority companies. We work with you every step of the way for your business, with a customizable plan that is best for you. There are a lot of tricky laws when it comes to trucking companies, and it can be hard to navigate through what you need or even what you don’t need.
How to Get Started with Progressive Reporting
The process of starting your new trucking company may be easier than you thought. Give us a call at (866) 574-2978 and we can help you get your new motor carrier authorities. We can help get your MC Number, your US DOT number, and the BOC-3 Process Agent Filing.
From there, we can create a customized plan for your company and help you with any other paperwork that comes up with your new company, such as the DOT Audit or a safety review. You can also download our free guide on how to get started. Progressive is here for your new company every step of the way.