An LLC is the most common legal structure for small trucking companies and owner-operators for good reason. You can think of this structure as a mix between the previous two and a corporation. Like starting as a sole proprietor or partnership, you don't need to involve too many people in your business to get started.
Whether you're a solo owner/operator or if you have a fleet of trucks and drivers, you need the limited liability protections that an LLC can provide.
How To Get Freight Contracts And Loads For Owner Operators in 6 Steps 6 Ways for You to Get Loads and Freight Contracts as an Owner Operator. Load Boards. Freight Brokers. Work Directly With Shippers. Use a Dispatcher. Lease With a Company as an Owner Operator. Register as a Government Contractor.
The top reason to form an LLC as a truck driver is to gain access to the personal asset protection provided by this business structure. Whether you're a solo owner/operator or if you have a fleet of trucks and drivers, you need the limited liability protections that an LLC can provide.
Here's how to get contracts for your trucking business. Use load boards. Load boards are a great way to find available contracts. Build a relationship with freight brokers. Hire a dispatcher. Partner with government transport contractors. Prospect and contact local shippers. Join industry groups and associations.
An owner-operator lease agreement is a legal contract between a carrier and an independent truck driver. Carriers may want to hire drivers on a contract basis without permanent employment. Both parties sign an owner-operator agreement detailing responsibilities and obligations.