Trucking: LLC?, megatrux, payroll issues
QuestionMy husband is a team driver for MegaTrux. We are considering purchasing our own tractor to lease on instead of driving for an o/o. For liability, taxes, payroll issues, should we consider forming a LLC? Or something else that would protect our personal assets? Thanks for your time.
AnswerI'M sorry, you asked should you and I said Yes. Maybe I didn't understand what you are asking for, I'm giving a shot in the dark here;
In order to run a successful business, an LLC is the best way to go. You might want to consider a PC program to track your expenditures such as www.pbstax.com , www.hammerlane.com, or www.blairtax.com. they will also help you to form an LLC ant the same time. Mike