Company Formation
- Certificate of Incorporation filing
- Title for a trailer and registration for a trailer
- Assistance with all the paperwork and forms
Company formation
So you've made the decision to work in the trucking sector. Your passion is driving. You enjoy supporting others and businesses. You desire to play a crucial role in the current economy. You want to create a trucking firm but aren't sure how to do it, or you know how to do it but need some help making sure you follow the steps correctly. Here to assist is SPEED TRUCKING. We can assist you with setting up your business, registering your cars and trailers, and obtaining all the documentation required to get started. Regardless of where you are in the process, we are delighted to support you.
Establishing the Business
The General Corporation Code specifies a variety of actions you must do while forming your business, including:
- Picking the company’s name and carrying out a business name check
- Choosing a type of corporation based on your business model and structure — sole proprietorship, general partnership, limited partnership, corporation, and limited liability company are the most common
- Filing the Certificate of Incorporation
- Appointing a registered agent, preparing corporate bylaws, appointing directors, and holding the first board meeting
Although we are unable to offer legal advice, we can undoubtedly assist you in managing all the filings and paperwork.
SPEED TRUCKING's job is to provide the best loads in the market for every driver. Our expert team ensures that drivers from any region and state get high-quality and best-paying loads.
Title for Trailer and Registration for Trailer
All trailers must be titled and registered in Delaware, regardless of whether you purchase or lease them for your company. The state will only then allow them to travel on highways.
How to Create a Trailer's Title
Although you can complete papers online to save time, the title for the trailer process usually begins at the DMV. The previous owner/seller or lessor need to have finished a transfer of title into your name if you have bought or leased the trailer. This demonstrates your ownership of the trailer. You must submit a title application if you purchased the trailer brand-new from the producer or a dealership.
How to Register Your Trailer
The title or bill of sale for your trailer and the registration application are all that are required for trailer registration at the DMV. But, you will need to demonstrate that you have paid all necessary taxes and secured the appropriate insurance for your trailer.
How much does a trailer's title and registration cost?
The cost of the title, assuming there are no liens against your trailer, is $55. According to weight, a trailer's annual registration fee is as follows: For trailers weighing more than 5,000 pounds, there is an extra $18 for every 1,000 pounds, with $15 for up to 1,000 pounds, $20 for 1,001 to 2,000 pounds, and $40 for 2,001 to 5,000 pounds.
Take note that you must obtain "apportioned registration" if you plan to transport loads via multiple states. To avoid having to get multiple permits or registrations, you complete this registration in your home state before travelling to other jurisdictions. No matter where you operate, you must pay a fee based on how many miles you go in each state.
Usage tax on heavy-duty vehicles
As a carrier, you must submit an annual heavy highway usage tax return to the IRS in addition to your regular business taxes. Vehicles operating on public roadways having a gross weight of 55,000 pounds or more are subject to this levy.
The Heavy Highway Vehicle Use Tax return or HVUT is a yearly federal tax paid to the IRS for operating heavy vehicles at a gross weight of 55,000 pounds or more on public highways.
The weight of the fully equipped, empty vehicle, the fully equipped trailer or semi-trailer, and the maximum load weight that can be transported by the attached vehicle and trailer or semi-trailer are used to determine the gross weight of the taxable vehicle.
How to Check Driver Record
If you plan to hire drivers for your trucking company, you should ask for a motor vehicle record check on each applicant. Obtaining a driving history of someone other than yourself can be done in person or by mail. Each report costs $25 and is available in three-year, five-year, or full driver history options. Have any queries regarding the procedure or wish to learn how SPEED TRUCKING may help your company travel? Contact us today.
Simply put, we buy you time to increase your earnings. The majority of owner-operators enter this industry with the intention of hauling loads and making money, only to become mired in paperwork, regulations, and agreements that prevent them from doing what they should be doing to make money. SPEED TRUCKING helps your business run smoothly so you may take on more loads by handling all the business support tasks you'd like to delegate. Also, when it comes to negotiating, our goal is to secure the greatest prices for your cargoes so that you can increase your income.
Surprisingly, no. If you want to recruit capable and competent talent, you need to develop and undergo a pretty vigorous recruitment process, which takes time and — if you need the services of headhunters — money. Even if you find what you are looking for, you will most likely need to provide office space — yet another expenditure — and in some cases, further training. Meanwhile, as many of our clients have admitted, hiring SPEED TRUCKING turns out to be more cost-effective than even having one full-time dispatcher. Our industry expertise, networks, and experience make us the best at what we do.
Nope. You hire SPEED TRUCKING on a month-to-month basis. We don't make trucker drivers commit long-term upfront because we believe in earning your business. If you aren't happy, we aren't happy, so we'll work hard for you. But we also believe that all business owners should have the freedom to work with whomever they want. It's important for us to keep that freedom for you.
Signing up with SPEED TRUCKING is a breeze since you can submit documents to us online.
- First, you sign our Dispatch Carrier Agreement, a document that clearly sets out our responsibilities and our responsibilities. This is meant to protect both of us — it is not a long-term service contract by any means. Our services are month-to-month, and you are not penalized for discontinuing our service.
- You will also need insurance that names SPEED TRUCKING as the certificate holder. This is common industry practice for shippers, dispatchers, and brokers — it just allows us to conduct business at your behest and on your behalf when you want us to. Make sure the insurance sets out liability as well as cargo coverage.
- We also need the Carrier Set-Up Package and references for the shippers and brokers we work with and for our records. Your MC Permit and signed W9 form should be here as well.
- At SPEED TRUCKING, we keep impeccable and accurate records — and always maintain compliance with all safety, regulatory, and industry requirements — so we also need a copy of the CDL for each driver we will be dispatching.
Absolutely. We love helping truck drivers and carriers in all stages of their careers. What we look for are keen, hardworking drivers, period. Realistically, if you are a new carrier, it may initially be harder for us to find you the best loads because most shippers and brokers prefer carriers with MC authorities more than six months to a year old. However, you can rest assured that SPEED TRUCKING will give it our all so you can make better money in your first year. Once you hit the one year milestone, access to better rates and loads will be even easier.
We offer truck dispatching, billing, paperwork, rate negotiating, IFTA reporting, accounting, and other services to our clients. A comprehensive service package or a number of the goods you require for your organisation are also options.
- Company Formation