Making a living chasing the sun in an 18-wheeler is not for the faint of heart. Long hours, hazardous driving conditions, crowded roads, bad weather and crazy drivers are all part of the job. However, what many truckers may not realize is the greatest risk they are taking is with their financial future if they are not incorporated. Choosing the best entity for a trucking business can protect individuals, shareholders and/or members from liability. Most of our clients choose an LLC to operate their trucking business.
An LLC does not require some of the typical formalities of a corporation, such as annual meetings of stockholders, or issuance of stock. In addition, LLCs also offer additional tax advantages over a Corporation.
For example: an LLC with only one owner may not have to file a separate tax return and its profit or loss can be included on the owner's tax filing. In contrast, a corporation must file a separate tax return.
Whether you work for a large trucking company or are an independent contractor, the decision to form an LLC offers not only tax benefits but the security of knowing that in the event of an accident, your personal finances won't be attached to any legal disputes. Life is often a bumpy ride; don't make it worse by failing to protect yourself.
MyLLC.com has highly qualified representatives ready to assist you in forming your LLC today! Lets' get started!
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What is your first step? Simply choose which of the following two options applies to your business:ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!
MyLLC is committed to assisting you in this process but you must contact us today!Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.