Starting a trucking business involves more than just purchasing a truck and finding loads. To operate legally and protect your assets, proper business formation and FMCSA compliance are essential from day one.
One of the first steps is choosing the right business structure. Forming a Limited Liability Company (LLC) is a popular option for trucking businesses because it separates personal and business assets, offering protection in case of lawsuits or debts. Some carriers may also consider forming a Corporation, depending on their long-term growth and tax planning needs.
Next, obtaining an EIN (Employer Identification Number) from the IRS is crucial. An EIN acts as a federal tax ID for your business and is required to open a business bank account, apply for your DOT and MC numbers, hire employees, and file taxes. Even owner-operators benefit from having an EIN, as it adds professionalism and financial separation.
Compliance is the final and most important step. Registering for a USDOT number, MC authority, and completing required filings such as MCS-150, UCR, IFTA, IRP, and Form 2290 ensures your business operates legally.
Truck Mastery helps new trucking businesses navigate every step—making startup simple, compliant, and stress-free.
