Are you tired of working for someone else? Do you want to start a trucking company to be your boss and run your own business? If so, then it’s time to start a trucking company! We at Trinity 3 Logistics help people get their trucking business set up with DOT & MC Numbers. This article will provide an overview of how to register with the DOT and what is required of you when obtaining these numbers.
The trucking business is a great opportunity to make money and be your boss. You can choose the truck routes you want, set your hours of work according to what fits your lifestyle best, manage employees if necessary or drive yourself as an owner-operator trucker. If this sounds like something that interests you, then continue reading below for more information.
What is a DOT number, and how do you get one to start a trucking company?
The Department of Transportation (DOT) assigns companies with unique numbers called the DOT Company Identification Number. These numbers typically come in the form of an alphanumeric code, such as “U-0987654.” The following information will guide you through the process of DOT identification.
The DOT number is used for record-keeping and administration purposes. DOT numbers are required by DOT to ensure they have the necessary documentation to track federal safety data, including crash reports. These DOT numbers found on company websites or in company advertising materials that include them. The DOT numbers also printed on your commercial driver’s licenses.
How to find the right MC Number to start a trucking company?
An MC number is essential for any company in the USA, but if you’re not sure what it is or how to get one, this article will show you the way. MC stands for “MasterCard” and numbers are written like this: MC XX XX XX XX
MC numbers are made by anyone with a credit card, but only businesses allow to use MC numbers when filing taxes. MCs required because they are unique 10-digit codes that connect back to the company in case of credit card fraud or have other tax-related issues.
MC numbers don’t cost anything and obtained instantly, so there is no reason not to have an MC number for your business!
MC numbers required for any company that sells products or services online. These numbers used to file taxes on official US documents such as the 1040 and 1120 forms. The MC number used by the Treasurer/Tax Collector in the USA. MC numbers are not printed on cards, but you can verify your MC online.
Why it’s important to have a DOT & MC Number
Many people don’t know why it’s important to have DOT and MC numbers. DOT stands for Department of Transportation. The DOT number is a federal registration number that identifies your business, this is like the name of your company which you register at the state level with a SIC code (Standard Industrial Code) and Federal Tax ID Number (EIN).
The DOT number does not replace your company or DOT physical address. DOT Number is like Google My Business (GMB) which identifies your business to Google, DOT number confirms that your business is registered with the federal government.
MC stands for Motor Carrier which means commercial vehicle operator; this includes any type of vehicle used for commercial purposes by a person who uses the vehicles to transport either property or passengers for payment and in this case, DOT and MC are the same.
DOT number and MC number are identification numbers that you need to operate your commercial business.
You can’t ask for DOT and MC numbers early on whenever to start a trucking company because DOT requires an actual physical address which you get from the state DOT.
DOT requires you to have a physical DOT address before they issue you any DOT number. So, if your business is brand new, and you’re not sure where you’ll get the DOT number from, then get a P.O box or private mailbox that has an address on it to give to the DOT agency when applying for a DOT Number.
Start with registering your trucking company today!
Under the Federal Motor Carrier Safety Administration (FMCSA), all commercial motor vehicle drivers must have an ICC number. A truck driver’s ICC number also known as the USDOT Number required before most companies will consider hiring them onto their fleet.
The United States Department of Transportation (DOT) has strict guidelines on selecting a carrier for you to start a trucking company.
ICC stands for the Federal Motor Carrier Safety Administration and is the most prominent trucking association in America. However, trucking companies formed with or without hiring truck drivers like yourself. It’s important to not make this mistake at the beginning of your trucking business.
Let’s get right into it; trucking companies are required to have at least five truck drivers. The truck drivers are responsible for the commercial motor vehicles (CMV) that they drive. They are also responsible for things like inspecting their truck, maintaining it, and making sure everything is up to snuff!
Now, truckers must also make sure truck rentals are safe and legally entrusted to truck drivers like themselves. This means trucking companies that truckers hire truck drivers must ensure truck shortages are not an issue.
Resources for more information on getting register with DOT and MC numbers
One of the trucker’s most important items is their DOT number. This number registers your trucking operation with the Federal Motor Carrier Safety Administration (FMCSA) which allows you to legally operate in interstate trucking.
As an owner/operator, you should aware of all the steps to take when it comes to register truck in interstate trucking.
How do I get a DOT number to start a trucking company?
For you to register with DOT, you need for your trucking business to have an Employer Identification Number (EIN). An EIN needs by truck drivers and trucking companies to file trucking taxes and handle trucker benefits.
If you have a trucking business with a company structure such as an LLC, corporation, or partnership; your trucker may have already got an EIN for your trucking business. But if you are operating under a sole proprietor or general partnership, then your trucker will have to get one for your trucking business.
To get a DOT number, truckers must be at least 18 years old and have a valid CDL. They must also provide their actual date of birth, not just the year they were born in.
Once truckers have provided this information, a trucker will receive a trucker DOT number via email, usually within 24-48 hours.
What do you need to know about trucking DOT numbers?
Truckers must have a valid trucker DOT number if they are truckers operating commercial trucks in trucking, interstate trucking. Truckers who don’t have a trucker DOT number are at risk of fine by the FMCSA. This is because if caught, truckers drive without a DOT number.
Trucking DOT numbers for multiple trucks from the same carrier
Some truck drivers who approve to drive for more than one truck carrier may need to apply for D.O.T numbers. They have to apply for each of their trucks and/or companies that they drive for.
If you already have a DOT number but need to add more trucks or carriers, then the FMCSA will allow. It will allow you to add those additional vehicles onto your existing trucking DOT number.
A truck driver should always know how to add trucking carriers and/or trucks to their existing DOT number. This is because it will prevent your carrier registration from to suspend. If you attempt to drive another truck for a company that isn’t listed on your existing DOT.
You can become a trucking company owner today. The process is easy with the right help, and you’ll be off on your route in no time! Many first-time business owners don’t know the importance of getting a DOT and MC number. Your commercial vehicle can be on the road without these numbers. The drawback is that you will not receive any government funding or incentives for fuel taxes if you do so.
You may also find it difficult to get insured as well as some other benefits such as tax deductions. We have all the information you need about how to register your new commercial vehicles in this blog post. Don’t let these important details slip by. Call now, and Trinity 3 Logistics help make sure that everything is taken care of before they become an issue later down the line.