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Get Your Authority
SHOULD I INCORPORATE?
Limit your personal liability for business debts and obligations; Lower your tax rates by deducting employee benefits or other expenses; Save money on self-employment taxes; Protect your company name in the state where you're incorporated; Raise capital by offering shares in your company; Offer company stock or stock options as a benefit for employees; Add credibility to your business by projecting longevity and success.
CORPORATION VS. LIMITED LIABILITY COMPANY
Compare Business Types
Owners have limited liability for business debts and obligations
Created by a state-level registration that usually protects the company name
Business duration can be perpetual
May have an unlimited number of owners
Owners need not be U.S. citizens or residents
May be owned by another business, rather than individuals
May issue shares of stock to attract investors
Owners can report business profit and loss on their personal tax returns
Owners can split profit and loss with the business for a lower overall tax rate
Permitted to distribute special allocations, under certain guidelines
Not required to hold annual meetings or record meeting minutes
WHAT CLASSIC TRANSPORTATION SERVICES CAN OFFER YOU!
We customize packages to fit your needs and budget!
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Common, Contract OR Broker Authority, USDOT Number;
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UCR (Unified Carrier Registration); IRP Registration Paperwork and IFTA Decal Paperwork;
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Simple Permits (NYHUT, NM Account, KYU);
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Commercial Truck Insurance;
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Primary Insurance Packages
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Bob-tail & Physical Damage Insurance; Occupational Accident; Contingent Cargo; Broker Bonds BMC84 & BMC85;
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Road Masters TOWING Package; 401K, Health, Dental & Life Insurance Benefits;
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Load Training and Dispatch Services;
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Drug & Alcohol Testing Program, Dispatch Services, Fuel Tax Preparation, Fuel Card
AND MUCH MORE…
Limited Liability Company
Corporation
