Owner Operator: Own Operating Authority vs. Leasing Operating Authority
 -
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

SERIOUS AUTO TITLE PROBLEMS: Dealer/Auction Went out of Business Without Giving a Title (Segment 5)
SERIOUS AUTO TITLE PROBLEMS: DMV MADE A MISTAKE ON MY AUTO TITLE! (SEGMENT 4)
SERIOUS AUTO TITLE PROBLEMS: RECEIVED A JUMPED AUTO TITLE (SEGMENT 3)
SERIOUS AUTO TITLE PROBLEMS: SELLING A VEHICLE WITHOUT A TITLE (SEGMENT 2)
SERIOUS AUTO TITLE PROBLEMS (SERIES)

Most Popular Posts

IFTA FILING 2ND QTR 2011 IS DUE
Multiple Owners on a Vehicle Title
VEHICLE TITLE SKIPPING
WHAT IS A NON REPAIRABLE CERTIFICATE
Motor Carrier Permits: IRP/IFTA Trip Permits, Overload Permits& Hauling Permits

Categories

1st Quarter IFTA Tax Filing
3rd Quarter IFTA Tax Filing 2012
4th Quarter IFTA Tax Filing
ABANDONED VEHICLES SERVICE ASSISTANCE
ABANDONED VEHICLES TITLE HELP
AUTO DEALER/AUCTION OUT OF BUSINESS
BILL OF SALE
Bought a Vehicle Online Without a Title
Bought a Vehicle That's Stolen?
BOUGHT A VEHICLE WITHOUT GETTING TITLE
Bought Vehicle From Private Seller and Lost Title
Buying a Vehicle With a Lien on It
Buying and Titling a Rebuilt Motorcycle
CAR TTITLE MISTAKES BY THE SELLER AND THE BUYER
CURBSTONING
Department of Transportation Safety Requirements
DMV Title and Registration Expert
Freight Broker
Heavy Vehicle Usage Tax
IFTA ASSISTANCE/FUEL TAX
IFTA Filing 1st Quarter 2012
IFTA FILING 2012 2ND QUARTER
IFTA FUEL TAX FILING HELP
ILLEGAL DEALERS SELLING VEHICLES ONLINE
INCORRECT INFORMATION ON VEHICLE TITLE
INTERSTATE OPERATING AUTHORITY
INTERSTATE REGISTRATION PLAN (IRP) HELP
IRP Jurisdiction Concerns
LEASING A VEHICLE IN VIRGINIA
LIEN MISTAKES ON AUTO TITLES
Liens on Vehicles & Titles: Part Two
MECHANIC & STORAGE LIEN
Mechanic and Storage Liens
Mistakes on Vehicle Titles
Motor Carrier Permits
Multiple Owners on a Vehicle Title
NON-REPAIRABLE CERTIFICATE
Odometer Discrepancies
OPERATING AUTHORITY
Owner Operator Assistance
SALES TAX ON VEHICLE IN VIRGINIA
Salvage Title and Branding
Selling a Vehicle Without a Title
Selling a Vehicle: Necessary DMV Documents
SERIOUS
SERIOUS AUTO TITLE PROBLEMS
Starting a Trucking Company
Tips to Prepare Your IFTA Quarterly Taxes
Title & Register an Antique Vehicle
TITLE SKIPPING
TITLING A TRAILER
TOW COMPANY WON'T RELEASE VEHICLE
Trucking Citations
Unified Carrier Registration (UCR)
VEHICLE LIENS PART ONE
Vehicle Title Assistance
Vehicle Title Fraud Help
Vehicle Title Services
VIN (Vehicle Identification Number)
VIRGINIA AUTO REGISTRATIONS
When To Title Your Vehicle

Archives

August 2015
May 2015
April 2015
February 2015
January 2015
November 2014
October 2014
March 2014
February 2014
October 2013
August 2013
June 2013
March 2013
January 2013
November 2012
September 2012
August 2012
July 2012
June 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011

powered by

Wisdom & Authority Title Solutions

Owner Operator: Own Operating Authority vs. Leasing Operating Authority

 
 
 
 
 
 
Thinking about becoming an owner operator, or perhaps you're already one?  When you are an owner operator you must choose to either 1: seek your own operating authority or 2: get leased onto a trucking company and use their authority.  The decision to choose whether to have one's own authority or to be leased onto a trucking company's authority must be weighed carefully.  Finances and a strong business drive, are chiefly the main deciding factors in choosing to obtain your own operating authority or to lease someone else's.  For example, if financial matters such as credit issues, or minimal savings are at hand; then it may be feasible to get leased onto a trucking company and use their operating authority.  Also if you haven't given careful thought about business operations that goes with having your own authority, then again, it may be best to get leased onto a trucking company and use their operating authority.  The following are benefits that comes with obtaining your own operating authority or using the authority of a leasing company:
 
 
BENEFITS OF HAVING YOUR OWN OPERATING AUTHORITY:
 
  • Keep all profits for yourself
  • Can secure your own loads
  • More flexibility in your work
  • More opportunities in seizing the type of loads and locations available
 
 
 
BENEFITS OF USING LEASING COMPANY'S OPERATING AUTHORITY:
 
  • Can make decent earnings to start
  • Don't have to worry about DOT
  • Some leasing companies will take care of your IRP and or IFTA for you
  • Some leasing companies will provide a fuel card for you
  • Some companies may take care of miscellaneous permit and or taxes for you
 
 
Whichever option you choose, I strongly recommend that you take your finances, family and time into consideration.  First, if you choose to obtain your own operating authority, just be sure that you can devote the proper revenue towards overhead expenses as well as time that's required for operating and maintaining a business.  Of course if you lease onto someone else's authority; you will still have to employ practical business sense, but it's more when your own authority is present.  Second, if you choose to lease onto a trucking company's authority, then use this as a time for you to learn more about operating a trucking company, and what  requirements are necessary for conducting such an entity. This option will also allow you help you in preparing to obtain your own operating authority, if you decide to; in the future.
 
 
Wisdom & Authority Titling Solutions is committed to assisting you with your owner operator needs.  If you are ready to obtain your own operating authority; professional help will ensure that you have what you need to be successful.  If you want want to lease the authority of a trucking company; assistance is available to help get leased onto a reputable leasing company as well.  Wherever you are in the owner operator process, a solution awaits you.
 
 
 

1 Comment to Owner Operator: Own Operating Authority vs. Leasing Operating Authority:

Comments RSS
SUE on Sunday, April 15, 2012 4:00 PM
thank you for posting that. i have my USDOT NUMBER, but MC has note completed yet even insurance is done because insurance go to state and fmc. Is there anyway, i can lease someone else's MC number? please respond.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment