COMPANY REGISTRATION
COMPANY AUTHORITIES
IRP IFTA AND PERMITS
SMALL CORPORATION/ LIMITED LIABILITY COMPANY/ EIN
Why should you consider incorporating your business? It’s a wise decision for several reasons. Incorporation involves legally establishing a corporation with a specific name and drafting documents outlining the business’s purpose, name, and location. This process creates a distinct legal entity separate from any individual, which offers protection to its owners and investors in case of a lawsuit.
When choosing a type of company, it is very important to understand the difference in legal and tax relations, because each has its own advantages and disadvantages, and makes the right choice of the type of taxation. Wrong choice structure will deprive you of many tax and other benefits.
The type of company depends on the status of the business owner, projected income, and investment needs. At Trucking Paperwork, we specialize in setting up Small Corporations (S Corps) for small businesses. We’ll take a look at your specific situation and we will discuss the potential risks and obligations of your business and help choose the option that suits you.
Incorporating your business might sound complicated, but it doesn’t have to be. You can reach out to us anytime, and we’ll be happy to explain how S Corps works or help you get started with the incorporation processes.
INFORMATION YOU WILL NEED:
CORPORATION CHANGES
Reinstatement / Amendments / Annual Reports
If anything has changed with the following:
APPLY FOR NEW DOT AND MC AUTHORITY
As experts in the commercial transportation industry, we are well-trained in the process of obtaining USDOT and MC numbers, and we ensure that we incorporate all the specific aspects of our clients’ businesses during the application process.
We go beyond just securing USDOT and MC numbers; we take a comprehensive approach to help our clients plan the growth of their businesses. This means that right from the stage of registering the business, we carefully consider and calculate all potential challenges that may arise in the future.
Companies are required to have an MC number if they:
INFORMATION YOU WILL NEED:
MC REINSTATEMENT
Before you request reinstatement, please have your BOC-3 (Designation of Process Agent) form and insurance in place. If they are not in place, your reinstatement request will be placed on hold until the BOC-3 and insurance requirements are met.
In addition, you must have an active, up-to-date DOT # record, or include an updated MCS-150 form with your reinstatement request.
MC TRANSFER
A transfer of operating authority means there has been a change in ownership, management, or control of the company but the company intends to keep its existing MC number.
INFORMATION YOU WILL NEED:
Transferor (Seller)
Transferee (Buyer)
BOC-3
The Designation of Process Agents (BOC-3) is a form that designates a process agent in every state in the United States. All FMCSA motor carriers, brokers, and freight forwarders are required to have a BOC-3 on file with the FMCSA in order to get your authority granted.
INFORMATION YOU WILL NEED:
UCR
This program requires individuals and companies that operate commercial motor vehicles in interstate or international commerce to register their business with a participating state and pay an annual fee based on the size of their fleet.
INFORMATION YOU WILL NEED:
MCS-150 UPDATE AND CHANGES
The Motor Carrier Identification Report (MCS-150) is the form you will file to obtain and/or update your USDOT number. This allows the FMCSA to verify that the information associated with your DOT number is correct. You are required to process this update every 24 months, depending on the last 2 numbers of your DOT #.
INFORMATION YOU WILL NEED:
NEW ENTRANT DOT AUDIT
Motor carriers are required to undergo a Safety Audit during their first year of operation as part of the New Entrant Program. This audit is essentially a review of the carrier’s records to ensure they have essential safety management controls in place, which are necessary to comply with Federal Motor Carrier Safety Regulations (FMCSRs), Hazardous Materials Regulations (HMRs), and related record-keeping requirements. Whether preparing for a New Entrant Audit, or a Compliance Review, we provide live assistance in preparing your company’s documents, as well as advise companies on what to expect on audit day.
If you failed an audit or received a conditional rating, you can connect with one of our Compliance specialists, and we’ll get started in building your own unique corrective action plan.
TITLE TRANSFER/ CORRECTION
Changing the title of a vehicle to your name promptly is important because it legally establishes your ownership, ensures proper insurance coverage, and prevents potential liability issues. It also simplifies registration and can benefit future resale value.
INFORMATION YOU WILL NEED:
NEW IRP ACCOUNT
The International Registration Plan (IRP) is a mutual trade agreement between the U.S., District of Columbia and provinces of Canada which recognizes the registration of commercial motor vehicles. It covers the costs of licensing fees.