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Motor Carrier Permit: Things to Consider When Applying

July 16, 2021 Motor Carrier PermitMotor Carrier Renewal

Starting a trucking business and applying for a motor carrier permit are big decisions to make. A motor carrier permit is a document issued by the Department of Motor Vehicles Motor Carrier Services Branch. It shows the motor carrier is registered with the DMV as dictated by CVC Section 34620. Additionally, the permit verifies the motor carrier services meet all the requirements to operate commercially on California’s highways. It also contains essential information about the motor carrier. These include motor carrier name, expiration dates of the permit, motor carrier renewal date, mailing address, CA#, and many more. Read on as Global Multi Services takes us through things to consider as you begin your journey. The list will get you off on the right foot and help you make the best decisions.

Do Your Research About Motor Carrier Permit

The biggest hurdle to starting a trucking business is getting all the information you need to get started. It takes a lot of research and consistency to get going, but it is often worth it. Researching about your target market, type of freight to haul, safety, and compliance will help establish your business goal. The long-term benefit is all that matters as long as you do things right. Before starting, you need to get your motor carrier permit and other essential licenses. The type of license and permit required depends a lot on your base state and the states you want to operate across.

Obtain the New Entrant Safety Audit

The new entrant safety audit is a requirement by the Federal Motor Carrier Safety Administration to ensure new trucking companies follow recommended safety standards. The FMCSA audit every interstate trucking company within their first year of operation. Knowing about the New Entrant Safety Audit beforehand can be a breeze of change.  But it can become a nightmare if things go wrong. Trucking companies with motor carrier permits but do not meet the minimum FMCSA safety requirements can be fined. Some are told to provide a corrective action plan, while others are often removed from service.

Apply for Motor Carrier Permit

Probably one of the most important steps when starting a trucking company. Getting a trucking permit company to help you obtain your motor carrier permit is the best decision.  They will help you through many of the steps you must take before you start operating. Their charges are a bit high but worth the price because they will save you from lots of paperwork and processing. At Global Multi Services, we ensure you get the appropriate operating authority for your business. We will also help you process your Motor Carrier renewal when necessary. Contact us today and obtain your motor carrier permit post-haste.

Get Your IFTA License

IFTA allows commercial motor carriers to register in their base state and have their tax assessments paid out to all member states according to miles travel and fuel purchase in each member state. Therefore, you need to keep track of your fuel purchase and the miles covered in each state. These can be made easy by having a trip envelop or an electronic onboard recorder.

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LLC Filing: The Right Choice of Business Structure

July 15, 2021 LLC FilingLLC Filing CompaniesLLC Registration

Starting a new business comes with the struggle of making decisions about your business structure. Entrepreneurs are often stuck between choosing LLC Filing, Limited Partnership, Sole Proprietorship, and other business organizations. Selecting a business structure has an impact on your business longevity. Your business reputation, personal tax situation, legal actions, your liability for debts and legal action, and others will also be affected by the choices you make to formalize your company. This is where LLC Filing companies enter the picture. Limited Liability Company is a business structure where members are not liable for the company’s liabilities or debt. It is considered easy, the most flexible and effective business structure to create by experts. LLC Registration is a popular choice for small business owners because of its liability protection, cost of registration, taxation, and management flexibility. Understanding the benefits of LLC is essential for business success. Read on as Global Multi Services gives us information that will help you determine if an LLC is right for your business.

Benefits of LLC Filing 

Here are the benefits of LLC Filing for your business

Management and Ownership Flexibility 

Limited Liability Company has enormous flexibility when it comes to management and ownership. They also have no restrictions when it comes to the members they can have. LLC can choose to be member-managed or manager-managed. That is, members can share the responsibilities of the day-to-day operation of the business or designate one or more managers to run the business. The manager can be a member of the LLC, a non-member.

Personal Liability Protection

LLC provides its members personal liability protection. That is, owners are not personally responsible for any debt or business-related lawsuit incurred by the company. Creditors can only file lawsuits against the LLC and cannot collect any personal assets of the members. These include personal accounts, personal properties, and many more.

Tax advantage 

LLC Filing companies benefit from pass-through taxation because they are not taxed as a business entity which means members avoid double taxation. The profits and losses incurred by the company pass through the business to the member’s tax return and are taxed at their rates. Singled-member LLCs are taxed the same as sole proprietorships, while two or more members are taxed as a partnership business structure.

Disadvantages of LLC Filing

Here are the disadvantages of LLC Filing

Expensive to setup 

An LLC is generally expensive to form and maintain when compared to a sole proprietor or a partnership. States charge an initial LLC Filing fee, and many states also impose ongoing fees such as annual reports, franchise tax fees, and many more. LLC Filing Companies also have a written agreement laying out how the LLC will be governed.

Transferable ownership 

Transfer of ownership in LLC is often hard as all the members must approve adding new members or altering the ownership percentages of existing members. Unlike corporations, where the company can sell shares of stock to increase its ownership.

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Oregon Permits: Why You Need a Trucking Permit Company

July 14, 2021 Oregon FilingOregon PermitOregon PUC Permit

A variety of permits and licenses such as the Oregon permits, apply to trucking companies operating interstate. Starting a trucking business in the US is more than just having the perfect location for your trucking office and the best-equipped truck. You need to keep track of the numerous government requirements that are often complicated and takes time. Therefore, if you are planning to start a reputable trucking business, you should obtain the authority to operate legally as an interstate trucking company through a reliable permit specialist. With the constant incorporation of trucking companies, Global Multi Services put together the importance of using a trucking permit company. Let’s dive in.

Prevents Delay in business schedule with your Oregon permits

Trucking services is a day-to-day operation, and any delay can lead to disruption in delivery time and consequent activities. Time is an important virtue in business and any bridge of agreement with your customers can cause mistrust. One of the ways to avoid this bizarre situation is by working with a trucking permit company. They ensure your permit are up to date and process other licenses faster and error-error.

Easy OreGon permits Completion

The setback in processing permits for trucking companies is the difficulty of compiling all necessary documents. But it cannot be escaped because the documents are important for completing the process. New trucking companies often face worse situations but, this can be eradicated through the help of a trucking permit company. They know all the license processing and are best at it. With then handling your paperwork, you can rest assured you are in good hands, and getting your Oregon Truck Permit won’t be a problem.

Avoid Complicated Process

If you are new to the trucking industry, you may be in for unpleasant surprises. Every state has regulations regarding weight limits, permits registration, weight per axle limits, many more. These regulations are often difficult to come by. Using a trucking permit company will help navigate the complex regulations of every state and help you obtain the permits suitable for your company. You don’t have to go through hectic registration processes. Let them solve all the problems for you.

Effortless Oregon PUC Permit Approval

Complying with the regulations of the trucking industry takes time and effort. With the trucking permit company working in your stead, you will receive your Oregon permits and license in no time without any complication or stress. They have the experience and expertise to take care of all the paperwork and permit needs. Hiring them is no doubt very beneficial.

Saves Times and Money

Meeting deadlines is paramount in every business. While the services of trucking permit companies are not free, it is better than wasting money on fines and penalties from non-compliance to the regulations governing the trucking industry. The money that goes down the drain can be circumvented by hiring a trucking permit company to get your permit done. They are experts and ensures you have all the necessary permits and licenses.

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