Building a Strong Foundation – Company Formation & Trailer Registration Made Easy
Starting a trucking business involves more than just buying a truck and hitting the road. It requires proper Company Formation and Trailer Registration to ensure legal compliance and operational efficiency. At Infinity Logistic Solution, we help entrepreneurs navigate these crucial steps with ease.
Steps to Forming a Trucking Company
Establishing a trucking business requires careful planning and adherence to legal procedures. The General Corporation Code outlines several steps to follow when forming a company:
- Choosing a Business Name – Conduct a name check to ensure availability.
- Selecting a Business Structure – Options include Limited Liability Company (LLC), Sole Proprietorship, or Corporation.
- Filing Incorporation Documents – Submit the Certificate of Incorporation.
- Appointing a Registered Agent – Required for legal document handling.
- Drafting Corporate Bylaws – Sets operational guidelines.
- Holding the First Board Meeting – Officially launch business operations.
Title & Registration for Trailers
All trailers used in business operations must be registered and titled to be legally permitted on highways. Proper documentation ensures compliance with state and federal regulations.
How to Obtain a Trailer Title:
- Apply through the DMV or online portals.
- Transfer the title if purchased from another owner.
- Submit a title application for brand-new trailers.
How to Register a Trailer:
- Provide proof of ownership.
- Complete the trailer registration application.
- Pay applicable fees based on trailer weight.
- Ensure insurance coverage compliance.
Understanding Heavy Highway Vehicle Use Tax (HVUT)
If your truck has a gross weight of 55,000 pounds or more, you are required to pay the Heavy Highway Vehicle Use Tax (HVUT). This tax is imposed to maintain public highways and infrastructure.
How to Calculate HVUT:
- Base vehicle weight (unloaded)
- Trailer weight (unloaded)
- Load capacity (combined weight with cargo)
Ensuring compliance with tax regulations is essential to avoid penalties and keep operations running smoothly. Infinity Logistic Solution simplifies the entire process, from company formation to registration and taxation, so you can focus on growing your trucking business.
Conclusion From financial management and compliance to dispatching and rate negotiations, every aspect of the trucking business requires strategic planning. Infinity Logistic Solution is dedicated to helping trucking companies thrive by offering expert services tailored to their needs.
Looking for assistance in forming your trucking company, managing dispatch operations, or handling accounting? Contact Infinity Logistic Solution today and drive your business toward success!
