Trucking: specialized hot shot trucking, church buses, nic nac

Question
I have a few questions on starting a hot shot company.  I have looked and looked but haven't found any of the answers I need except for a few.  Let me tell you what I will be doing.  I will be driving an F450 with a 30' gooseneck tandem axle.  I will be hauling construction equipment such as crane parts (boom, tracks, etc.), pile driving equipment, maybe some bobcats, and other nic nac stuff.  I will be driving mostly in the southeast.  Now on to my questions will I have to get a cdl?  I am going to keep my loads under 26,000 pounds.  I will be working for myself so will I need to get a business license?  I have started working on a business plan but just need to make sure I have my ducks in a row before I do anything!  I know I'll probably need a DOT number and for-hire plates.  Thank you for your time.  Any extra info will be greatly appreciated!

Nick

Answer
Hi Nick.

You need You need a CDL if you operate any of the following vehicles.

• All single vehicles with a manufacturer's weight rating of 26,001 pounds or more

• All trailers with a manufacturer's weight rating of 10,001 pounds or more, if the gross weight rating of the combined vehicle(s) is 26,001 pounds or more

• All vehicles designed to transport 16 or more persons (including the driver). (Private, church, buses.)

• All vehicles that carry placarded amounts of hazardous materials

It has a lot of variables, I would contact your state's Department of Transportation.  You may fall under a Class C CDL.

When you talk to the DOT, you can get your DOT/MC numbers and if you go interstate, get your IFTA.  Hot shot trucking is a broad category, so that's why I recommend calling the DOT.

You don't need a business license, but you should look into incorporating.  It's usually a good tax move and an accountant can help you with that.  Plus, you want to keep your business separate from your personal finances if anything should happen.  

Also, check into cargo/liability insurance.  I carry 1 million dollar policies on each of my trucks.  Construction equipment can get real expensive if something bad happens.  Make sure you have plenty of insurance.

Finally, join OOIDA (www.ooida.com).  They've been helping owner operator out for a long time and are a great source of information.

Good luck in your new venture!

Bob Stephens