IS MC AUTHORITY A NECESSITY?

Starting a trucking business is not child’s play. It requires adequate preparation, thorough research, understanding how the industry works, and many more. You also need to obtain many permits and licenses, which takes time and money. One of the most vital authorities you need to get your trucking company off the ground is an MC Authority. The Federal Motor Carrier Safety Administration is responsible for regulating the trucking industry. The agency is also responsible for ensuring safety, compliance, and conducting inspections. Therefore, you need to do things by the books. Also, the trucking business is very lucrative if handled in the right way. Are you looking for information to absorb before starting your trucking company? Global Multi Services applauds you. Keep reading as we explain the meaning and necessity of the Motor Carrier Authority. Let’s dive in.

WHAT IS MC AUTHORITY? 

 

MC Authority is a road-legal clearance given to motor carriers by the Federal Motor Carrier Safety Administration. MC Registration allows motor carriers to operate interstate and inter-border commerce. Without an MC Authority, trucking companies cannot haul freight or passengers for profit. Obtaining MC Authority allows trucking companies to choose their load, schedule, and even route. This often leads to a more efficient and income-generating business.

 

IMPORTANT STEP TO TAKE BEFORE APPLYING FOR MC AUTHORITY

 

Starting your trucking company involves many twists and turns. Before you even decide if you need an MC Authority, there are things you need to put in place. They include:

 

Business Registration 

 

Business Registration is the first and most crucial step to take after deciding to start a trucking company. Whether you plan to run it as a sole proprietorship or limited liability company, your business needs to be registered legally. There are different types of business structures so, choose the one that works best for your company. You can also seek the advice of a legal practitioner for guidance to avoid costly mistakes. 

 

Business Plan

 

Planning your business helps you have focus, vision, and goals. It makes you set achievable standards for your business and press towards achieving your goals. Before starting your business, sit back and do your research about the industry, find out its loopholes, and how you can bring solutions to draw more awareness to your business. The type of MC Authority you need depends on the type of trucking business you want to run. What and where you haul also play an important factor when starting your company. These decisions will help you determine the type of MC Authority you will obtain. 

 

Trucking Insurance

 

Trucking insurance is a necessity for all trucking companies. No matter the type of trucking company you are running, you need to have good trucking insurance. Research different insurance companies and pick the best for your business. When looking for an insurance company, choose the ones that specialize in commercial trucking companies. The type of freight you haul and where you operate across will also help determine your insurance package.