Bonus Consideration: When Buying A Trucking Company, A Few Other Thoughts…
I touched on this a little bit, maybe a little bit more, but once again I will say it: Do research!!! Ok, I know I beat the dead horse long after the buzzards picked it clean. But this is so important! You have to be fully aware of everything involved in buying a trucking company. This will be a big purchase, with a large amount of liability attached to it and you need to be fully prepared to jump in from the beginning, without feeling overwhelmed.
Now, as I said look into each state. Go to their actual Secretary of State, or other official business related agency and learn about their incentive programs. These are programs meant to lure business and investors to operate in their state and not one of the fourty nine other states. They don’t mind you working in other states; they just want the tax revenue to be in theirs. Keep in mind the federal taxes are the same, regardless where you call home, but the states all have their own individual tax rates.
