HOW TO START HOTSHOT TRUCKING | GETTING YOUR AUTHORITY
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- เผยแพร่เมื่อ 12 ส.ค. 2020
- This video will break down the process and steps involved with getting your own authority. I have always and will continue to recommend finding a good accountant knowledgeable in the trucking industry to assist you on your venture year in and year out. A good accountant will only cost you a few hundred dollars per year to literally save THOUSANDS! Look up the info needed SPECIFIC TO YOUR STATE! This is critical in order to establish exactly what you will need and what the cost will be because every single state is different.
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Thank you for this.
Thanks
Thank u 4 everything
The Best!
Thanks! For the advice
Happy to help!
Very informative, thanks! I have a lot to research for my state. I really like the idea of hotshot trucking. However, I am starting from ground zero with zero $$ in CDL school at the time of posting.
Awesome information. I was curious though. What is factoring?
Hey bro, Just wanted to say one of the most informative and realistic video series on Hot shot trucking. Thank you. I’m looking at starting up my own company. The advise on the trucking aware accountant is going to be invaluable. Thanks again.
I know this video is old, but OOIDA can help with most of the filings, for a reasonable rate and steer you into the right direction.
MY MAN!!
Out here giving some much needed knowledge!
Great information as always. Thank you!
I learned alot right here ,THANKS!!!
THANKS!!! GREAT INFO. I'M JUST GETTING STARTED. IN THE PROCESS OF DOING MY AUTHORITY... THANKS AGAIN....
Right on brotha... very good information to know, thank you for sharing your knowledge and experience
Brother I think you have the best videos on all the important and legal steps keep it up thanks
Thank you man 👍
Great value information!!! Thanks a lot brother!!
Thanks for the info I really appreciate it
You are definitely a straight shooter. Let me ask you is there a company that you know of where someone can go to work driving ( pulling hot shots) to learn the business first to see if it something that they would like to do?
Greatly appreciate the tips man, thank you. Really good info
Much appreciated sir - OUTSTANDING INFO
You described this so well
Keep up the vids, educational and helpful.
Hey thank you for all the information you provided.
This man is 100% correct..
Excellent advice!
Load mizer once again a great video. I’m in the process of getting my LLCand my authority.
That’s great man! Study up! If you ever see me out here come say hey!👍
U got great vids!!thanks a lot for the education bud👍🏼
Greatly appreciate the information. This is exactly what I needed.
Thanks man I’m glad it helped 👍
Definitely another good video. Keep it up buddy! Stay safe
Hey thanks man! You still running the TSC stuff?
Am thinking about starting my hotshot business too I am so lost so I have been doing so much research how to get started but this video helps so much thanks you because you give information that others don't even dig into... so thank you again.
No problem at all, glad this helped 👍👍
Hey Man....Great video. Im trying to get this together.
Another good one.....thanks for info:)
I was thinking about be hotshot trucker and didn't know where to started but your video helped me lot thanks be honest
Thank you so much sir !!!!!
Another great video. Keep em coming! Thanks.
Thanks man! More on the way! 👍
Hey, I’m not that tech savvy and I’m not on instagram. I’ve made a couple of designs(hand drawn) for your logo contest. No computer graphics or any coloring, just pencil. Freehand and would need final detailing to your liking. Not sure how to send them to you tho. Maybe I missed that on your initial video. Thoughts?
Charles Bernius that’s awesome man. I was in the vinyl graphics field for a few years about 16 years ago. You can send them and I can go over them in illustrator. You can send them to my email. loadmizer@gmail.com
Bring back the vids they are always informative....
Beautiful!
That’s definitely true buddy 👍
Finally a non-bullshitter spells a few things out. Thanks Bro!
Thx so much!! I started a few weeks ago specializing in hauling cars and I’m still constantly learning! Went from being OTR in big rigs to hotshot and I must say I’m loving the freedom in this set up. Granted it’s more work but I wouldn’t trade it for anything else! Hope I see down the road somewhere ! 👍🏻
Paul Cellitti that’s great man that’s exactly what I did!
Thank you for all this I’m putting down on a spread sheet. I’m 6 months away from retiring from my lousy government job and preparing for the hotshot industry. Thanks for all the information. I greatly appreciate it.
Here's something that might help you with keeping track of all of your information on your loads,tires etc it's called truckingOffice tell them that Susan's trucking LLC sent you and maybe you'll get a discount
Thank you I appreciate it.
I am currently in the process of applying for LLC. Thanks for sharing man. Very helpful.
Straight up facts right here folks. 👊🏽
Won’t catch me sugar coating anything👍👍
Thanks brother 😊
Thanks for the amazing information. Your video are great. God bless
Thank you for that. I really do appreciate it 🙌👍
Good to know thanks
Yooo you are the Truth !! I really appreciate you for sharing your experiences!! You have been a GREAT HELP to me !! I’ve been following your channel for two months now and you Are a blessing to me .. !!! Thanks Bro
TA Blossom that’s awesome man and thank you! I’m glad I can help. My little vacation will be over soon and I’ll be back on the road tomorrow so more content will be on the way 🙌👍
Load Mizer cool that means I have a few hours to watch all of your videos to be caught up. .. BTW the way you run you deserve a Vacation .. be safe out there
hello please can you recommended to me some one as a good a aacountant in Kentucky state
Encompass, PLLC
I have to make it alone I was left for dead now I shall rise
Best hotshot entrepenur I seen yet on TH-cam!!
As I’m listening to this video while I drive down the highway, it has been engraved in my mind and I’m definitely going to need an accountant once the ball starts rolling, especially out here in California. Thanks man
Aweosme video thanks, also love that logo, love some cope lol
hes exactly right
Can’t agree more!
Dave Ramsey says if you do it yourself (any complex financial operation) and make small mistake. That mistake will cost you more than the fee of hiring someone professional.
Absolutely 100% correct.
I just started looking into this. I don't have a clue what any of those acronyms are. 😕
But are you able to hire drivers with escorp
Yessir
Another video of substance not fluff.. so appreciated man
Not a problem at all. These cookie cutter plans aren’t a guide. It’s a very different situation for each individual state. 👍
Good stuff
This is the first TH-cam video I've ever seen with 500+ likes and not one dislike. If you ever needed any verification that your videos are being enjoyed by your viewers, then you've got it.
J Slay I haven’t even noticed that lol. I’ve got a few people on here that just hate everything I say and feel the need to dislike anything I put out. Luckily they haven’t found this one yet lol. Pretty basic info on this but the kicker is finding someone who knows your state rules and regs. They can help you structure a business way better than I ever could 👍👍 thank you for the compliment man, just trying to keep it straight forward and honest!
@@LoadMizer Well I can tell you that I started watching tow piglets videos and eventually made my way to yours and I've watched about 5 of your videos and there's alot of good info in here man. I work in the industrial field servicing industry. If it has a pipes, valves, or moving parts we work on it. One day I was talking to one of our hotshot drivers and he was giving me some info here and there and long story short after thinking about it for 2 years I'm seriously considering pulling the trigger on hot shotting.
J Slay it’s not a bad industry but it’s very region specific and super temperamental. Research as much as you can, which is sounds like you are!!
I wish I could just call you and talk to you. Nice video, straight forward. Thanks
That might be in the works soon. Stay tuned 👌 got a lot of content coming up.
Hi you live in Kentucky ?I
I bought a F350 and I need information how to start
Hey brother I need your help or anybody!!! I got my llc, my dot, my boc-3, mh ein, got truck 3 days ago, and noticed that the truck is leaking from underneath, like very little, it also does not have a mud flaps. Will that oil leak and mud flaps faild dot audit? I'm from texas.
A leak won’t fail you unless it’s a brake fluid leak. It will obviously cause issues and needs addressed but mudflaps will definitely get you a violation.
@4:50 you can download a text/call blocker for this. I randomly learned you can also type "STOP" and text it to every text. I just copy and pasted all day lol
He is absolutely correct! A good account who doubles as tax preparer is priceless. I believe we have business and personal taxes done for less than 500.00 per year! If there is ever a issue they take care of it! (My wife keeps the day to day books)
I knew I wasn’t as dumb as I look 🤣🤣
Here's something for your wife that will help her with keeping your books it's called truckingOffice tell them that Susan's trucking LLC sent you
Dude I have not found a better dummy proof step by step way to do this than your videos. I really wish I would have found yours before other videos that were just confusing.
Great info talked to a cpa today.... not sure if hes the one or not
Keep hunting man, you’ll find it! 👍👍
I need your help
You broke it down like a shotgun!!! Great content. Keep up the great work. I'm subscribing now!!!
G Graham thanks man! I appreciate the feedback 👍👍 welcome to the channel
Once again, awesome video complete with actual facts. Unlike the clickbait TH-cam "celebrities" out there, Loadmizer shoots straight information.
My accountant is my #1 business partner. Not sure how he avoids federal prison but he does and has saved me $10K's in taxes
Exactly! My accountant does magical things lol
If I have 1 truck and 3 trailers(car hauler, flatbed, dry van), are they going increase insurance cost for having multiple trailers even though I can only pull 1 at a time or just charge an insurance rate on whatever the most expensive trailer/cargo type that I have would be?
Yeah unfortunately each trailer will have its own rate. If you have a safe place to store them id recommend just insuring the one you’re currently using. It’s very easy to add/remove a trailer from your policy. If you insure all 3 at once it’ll be a higher rate.
Did you do a LLC w S-Corp tax structure or C-Corp w/S-Corp tax Structure?
Great question. C-Corp to S-Corp
@@LoadMizer I appreciate the reply. I am in the beginning stages of getting everything going and your videos have been a lot of help.
Another ? Do you know any accountants in Northern TN or Southern KY that know TN that have Trucking CPA Knowledge? I am in CA currently, originally from Bowling Green, KY, but I am opening the business in Gallatin, TN area.
I applied for my dot and ended up with my authority also. best thing for you is to get in your truck and do a job.
The adage is "Those that can DO" > "Those that can't TEACH" think about it
Not sure if this is a generalization or personal. Clarify.
Did your accountant do all your fmsca authority set up as well or did you have to do it yourself?
I did all of that myself. Most of it is free.
S corp. is a great way to go we have had one for 20 years and run up to three businesses under the corp.
Grand Oaks Transport it’s literally the best all around. It allows single member, room for growth or expansion from day 1. In Kentucky it costs the same for me to file as it would an LLC. Plus my tax is cut by more than half as it would be llc. Deductions off the board before it’s paid for by taxed revenue. It’s awesome.
Case in point; my situation with the Commonwealth of PA! Three months to process a dang LLC and four weeks to process a single form DBA. Step two after I done purchased all my equipment is gonna cost me a lot! Full of knowledge you are YODA
Try settling an LLC for someone who has died. PA just SUCKS when it comes to legal matters.
Hey man I got question I am filing for mc and dot for car hauling do I need to file for hazmat classification and file mcs150 and so on or should I put general cargo. Thx
Video should’ve been labeled; GET AN ACCOUNTANT
I did every step backwards..... but hey finally done with it , I did truck and trailer before everything else haha
Well dagnabit! I feel like a favored student who failed the exam! Already filed under an LLC and got my EIN. Working on a business bank account now. No S-Corp and no accountant! Damn you, Load Mizer! 😜
Always been my own accountant and tax guy. Profit Gagues is a great program for truckers. Then I just fill in the blanks on Turbo Tax. It’s a ton easier than you would think...
Idk what you did but quality is sick
Thanks man lol, just woke up this way 🤣
Load Mizer nah i mean its either light or because its outside its very good cant tell but seems like some good camera and 4к
MYXOMOP might be a little of both. It’s hard to get good quality in the truck for me. Seems like glare is always fighting me lol
Load Mizer try phone accessories for filming they got special light and mics dont cost that much like bloggers do)
what type of accountant do you recommend?
Hey man, love the advice! Still in the beginning stages but my question to you is how do you find a good accountant and how do you know if they're good or not? BTW, thanks for all of your great videos. You're killing it!
Did you find a trucker accountant..how did that go
@@joezambrano5303 no, nobody responded. Found a company out in Idaho.
I am an accountant but got to do my own. I came here to get our list together. But, an idea, l can do accounts while he drives. Quickbooks is awesome !
Do you help people with the process?
Whether you have an accountant or not the first thing you have to get is a USDOT#. It is free.
That’s a great idea, unless you actually plan on using it.
Does this Apply To Non CDL Also ?
Most definitely. I absolutely would not recommend non cdl though. Just my .02 cents
@@LoadMizer How does one look for an Accountant Boss ?
When you do public filings it is best to use a cheap prepaid phone from a dollar store or Walmart let that be your office number. And only give your main number to those who you want to do business with. I've been a contractor a long time and those phone calls get very annoying
A second phone wouldn’t be a bad idea. I haven’t had mine off silent since I registered it. It just makes some type of noise all day. Very annoying. A separate phone and email address is very handy for that very reason.
Safety audit? Haven’t heard of that. Is that same as vehicle and trailer inspection? Got my dot and mc numbers. Filed boc3 and driver registration file etc. Also got dot medical card. Shopping for insurance and trailer now. Hope to be on road soon. Excited bout this new chapter of life! Thanks
Nah it’s an in depth audit mostly of records keeping and compliance. You’ll get a letter explaining it and you’ll also have to call FMCSA to confirm new entrant registration. You’ll be receiving info on all that soon. Make sure you have up to 2 hours to wait on hold calling in. It’s horrible.
@@LoadMizer ok thank you
Great Info ,you don’t need authority to lease on ?
Correct. When you lease on you’re using that carriers authority to run.
In between you and Alex my brain is exploding with shit loads of new info
🤣 🤯
Looking into Hotshot. Getting too old for construction! Lol. That's some great information man! Thanks
I hear ya man. Easier on the body for sure. Hard on the gut though 🤣👍
Hey my man is this the same process for hot shot cargo vans too ?
Ajiri ugodigo yessir. As long as you’re not planning on moving peoples homes you’re good to go.
Hello brother, I live in Lexington, KY and would like to connect for coffee or lunch if you could mentor me on starting a hotshot business. I am currently working for a truck company here in Georgetown, KY CDL-A. Would you be willing to help me kick start my business? I would really appreciate it!!!
Another kentucky boy,I currently transport rv, have been thinking about getting into hotshot,what area of Kentucky you from thanks
I’m over in the western part in Murray 👍
What kind of tarps and size is good to buy
Percy Scott is personally get 2 machine tarps “D rings on all 4 sides” 20’ x 24”. That way you’ve got full trailer coverage with 6’ tarps and you can turn them side ways and have full trailer coverage with 8’ tarps. All in one.
What are some advice you can give to women who wants to start their own trucking company?
I wouldn’t say much would be too different between the sexes besides the lifestyle/hygiene aspect. Almost every truck driver (male) has an empty bottle in the truck for “emergency situations”. Some women may need accommodations that men don’t necessarily have to have which would make staying at a location with no facilities difficult or uncomfortable but not exactly impossible. Just depends on the individual really. Other than try at it’s just a job that pretty much anyone can do if they put their minds to it 👍
Would it be ok start out with older truck like 04 ram dually ?
As long as you’re mechanically capable of keeping it up or know someone who is. Nothing wrong with older trucks if they’re taken care of.
Thanks for reply!
In a previous blog did you not mention you can insure a lower priced vehicle for 3 to 6 months and does it have to be a truck ?
That’s right. You will still need to go through this entire process however you would just insure any cheap vehicle. Drop liability to the minimum. You wouldn’t need cargo insurance or anything. You can use this to age your MC as an active authority until you’re ready to roll.
@@LoadMizer so would that work for me as I have a Lawncare business? I would still need to do all the things to get my #'s and authority?
Shane Strong that situation is different. If you’re not traveling out of state and only carrying your ow equipment you technically should only need a dot number. Depends on the state and the weight of the vehicles. Your local DMV or an accountant will be able to steer you in the direction you’d need to go 👍
For non cdl car hauling business what als do we need boc3, ucr, ifta isn't required if non cdl, insurance, dot, mc number, do i need apportioned plate bellow 26000 gvwr Thank you.
I’d highly recommend structuring your business as an s-Corp or LLC and obtaining an EIN. Also separate funds and open a business checking account under the company name. You won’t need apportioned tags for non cdl.
@@LoadMizer thank you for respond and I d like to ask one more question for audit when car haulers sent all the paperwork i dnot need hazmat shippmen t paperwork right ? Reason why I am asking according insurance cars considered as hazmat.
Why would you need an accountant for one truck