How To Start Your Box Truck Business Step By Step In 2023 The Right Way!

Introduction

This tutorial provides a step-by-step guide on starting a box truck business in 2023. It outlines the essential steps you need to take to establish your business, secure necessary licenses, and find work in the trucking industry. Follow these guidelines to ensure you set up your box truck business efficiently and effectively.

Step 1: Establish Your Business Structure

• Form an LLC:

  • Visit your state's Secretary of State website.
  • Set up a Limited Liability Company (LLC) online.
  • Fees vary by state but can often be completed within the same day.

• Obtain an EIN:

  • Go to the IRS website (irs.gov).
  • Apply for an Employer Identification Number (EIN).
  • This process is free and straightforward.

Step 2: Apply for Necessary Licenses

• City Business License:

  • Check your city’s website to determine if a business license is required for your transportation company.
  • Complete the application online or in person, depending on local requirements.

• Federal Authority Application:

  • Navigate to the FMCSA (Federal Motor Carrier Safety Administration) website.
  • Apply for your authority (MC number) which costs around $300.
  • Expect a processing time of approximately 21 business days.

Step 3: Set Up Financial Systems

• Open a Business Bank Account:
  • Visit a local bank to establish a business account.
  • This is crucial as many companies will only pay through a business account.

Step 4: Secure Additional Registrations

• BL and UCR Registration:
  • Complete the BLC-3 filing and UCR (Unified Carrier Registration) registration.
  • These can be filed online and typically process within a day.
  • It’s advisable to complete these registrations a week before you obtain commercial insurance.

Step 5: Find Your Truck

• Research Options:
  • Consider buying a truck instead of renting for long-term investment.
  • Good sources for finding trucks include:
    • Facebook Marketplace
    • Craigslist
    • Kenworth, Mack Trucks, Hino, International dealerships
    • Ryder and Enterprise truck sales

Step 6: Start Looking for Work

• Utilize Load Boards:
  • Begin with Amazon Relay, a popular starting point for new operators.
  • Explore additional load boards like:
    • DAT Load Board
    • Truck Stop Load Board
    • One Two Three Load Board
    • Mothership App
  • Build relationships with brokers as you establish your authority.

Conclusion

Starting a box truck business can be a lucrative endeavor if you follow the outlined steps. Focus on establishing your business structure, obtaining necessary licenses, setting up financial systems, finding the right truck, and securing work through load boards. By applying this information, you can build a sustainable and profitable box truck business. As you progress, continue to seek out resources and expand your network within the industry.