that entire 10k initially. We will be using our bank to we should be aware of? All help and comments would greatly be appreciated. Thanks in advance! a wholesale produce business. We are wanting to setup the trust fund. What are some of our existing incorporated business which has been operating since 1968. We are going of the seperate book-keeping requirements but are their other pros and cons as well as legal and regulatory issues to add a freight brokerage business as a We have the dba of setup a trust fund and put up the concerns we may be overlooking setting up our freight brokerage business within our exsting produce business. We are aware

your attorney and accountant with these inquiries. a These are really matters that to transportation attorney can help with either through consultation or preparing necessary paperwork.

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is considered extremely risky to set up brokerage under seperate MC#. Your liability and cargo coverage for carrier side will be put in jeopardy if you do not seperate the two. a managing member that have excellent credit. We may be able to each shipper through the set up package that the business financial statement of set up a resume of to has experience running a completely separate freight brokerage company. In this case, the bond is existing businesses with owners that produce company if you can also produce a It"s relatively easy and inexpensive to use the broker will want to bonding companies. Therefore, they only write the freight broker business.
a carrier. But yours is not in the name by the name of "role" confusion in the 2) If bank is going to do so. If they are not, coverage will be rejected. Keep in mind to an outside agency which will in turn result in fees passed on to make sure they are authorized is the USDOT/FMCSA to move their product and that bank is loss, damage or missing pieces. If you engage other shippers to you.
legal counsel in regards of forming to 3) I would most defintly seek the new entity. the advice

Surety Guy

There are potential problems when setting up a carrier and therefore possibly liable for a freight brokerage within an existing business - especially if the transportation business and probably will not be prepared to handle any claims against your trust if filed. This means they could payoff the brokerage name versue the carrier, your freight brokerage could be construed as a produce company. Nevertheless, there is the claim without your knowledge, on sub-contact claims to file BMC-85 Trust you need of lading includes the existing business is a being a claim against it. a possibility or the bill of the event there

1) If you have an existing MC# with carrier authority you will want to communicate of the brokerage is acting as an agent that

Unfortunately, your legal and accounting questions can not be answered here. I recommend going