An operating authority with the FMCSA and the U.S. Department of Transportation is important within the United States to have as a truck driver because it gives you the ability to operate your trucking business legally under the department of transportation. Doing business in any field comes with the requirement to have certain registrations to operate, but in regards to a motor carrier in the trucking industry, the different authority types you can be granted allow you to operate your business in different manners.
These are definitely benefits of having your own authority and as well as your own trucking company. Number one here is the fact that you’re becoming your own boss in sole proprietorship, which is a life long dream of many.
This is your time to really excel in the industry with uncapped potential. When you are the boss you reach a point that you truly get out of the business what you put into it. The company as a whole becomes a reflection of your devotion to your work.
Register Your Business with the appropriate State or County
Obtain an EIN (Employer identification number) for the IRS
Register Your Business with the US Department of Transportation (USDOT)
Apply for a Motor Carrier Number (MC#) with the FMCSA
File a BOC-3
Obtain the proper policies from your insurance company (Liability Insurance, Cargo Insurance, Etc)
Get your apportioned plates and set up your International Registration Plan (IRP)
Set up an IFTA (International Fuel Tax Agreement) Account
Unified Carrier Registration (UCR)
Obtain all permits you may need to operate like HVUT or 2290 for vehicles over 55,000 lbs., state weight distance taxes, drug consortium, drug clearinghouse, SCAC, TWIC card for ports, TSA clearance for ports and bases, etc.
Need more help before you hit the load boards? Check out our many other informative articles to get you up to speed on the ins and outs of the trucking industry.