Aug 24, 2024 at 11:02 PM CST
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Posted by a private FlatLoads.com member.
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Posted by a private FlatLoads.com member.
Not sure if anyone knows if you can be a broker and a carrier under the same MC#? I’ve got my own carrier authority and wasn’t sure if I can add my brokers authority to my current MC# or would have to start a new company and apply for a new MC#. Seeing if anyone has experience in this. I appreciate anyone’s knowledge on this.
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Replied on Sun, Aug 25, 2024 at 09:05 PM CST
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Posted by a private FlatLoads.com member.
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Posted by a private FlatLoads.com member.
You can, and we do, but if that is your goal I would seperate them. Currently we only have a brokerage because I have O/O with their own authorities that pull our trailers. I do not intend to post loads like a "brokerage" but need a sureity bond to be legal. That being said there is a liablity for doing it this way. If you are just starting then start another MC as a brokerage. Take work as your brokerage and then assign it to your asset side. Makes it cleaner, keeps the customers informed, and then if one of your dispatched brokered carriers has a liabilty issue it does not come back on your assets. |
Replied on Mon, Aug 26, 2024 at 07:42 AM CST
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Posted by a private FlatLoads.com member.
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Posted by a private FlatLoads.com member.
Quote: "You can, and we do, but if that is your goal I would seperate them. Currently we only have a brokerage because I have O/O with their own authorities that pull our trailers. I do not intend to post loads like a "brokerage" but need a sureity bond to be legal.
That being said there is a liablity for doing it this way. If you are just starting then start another MC as a brokerage. Take work as your brokerage and then assign it to your asset side. Makes it cleaner, keeps the customers informed, and then if one of your dispatched brokered carriers has a liabilty issue it does not come back on your assets. "
This is exactly how we do it as well, for all the reasons Robert stated. We have a seperate LLC, seperate MC#, seperate EIN - all to help seperate liability. |
Replied on Mon, Aug 26, 2024 at 08:21 AM CST
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Posted by a private FlatLoads.com member.
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Posted by a private FlatLoads.com member.
Hey Scott, |
Replied on Tue, Sep 03, 2024 at 07:24 AM CST
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Posted by a private FlatLoads.com member.
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Posted by a private FlatLoads.com member.
I greatly appreciate all the responses and sounds like a clear answer. It makes since to keep them separate for liability reasons. I appreciate no one beating me up for asking about becoming a broker and keeping it positive again I appreciate it.
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