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Thread: ~Need Owner Operator Advice~

  1. #1
    GA1803 is offline Rookie
    Join Date
    Jan 2007
    Location
    GA
    Posts
    6

    Default ~Need Owner Operator Advice~

    My husband just recently became an owner operator. We are now in the process of deciding what type of account should we open up solely for his truck business.

    Right now he is working by contracting out to a Gas tank Line. The company does no withholdings so we must make sure that the IRS is getting their money and we are saving in a separate account for the business.

    All advice is greatly appreciated we are new to this and do not mind hearing sound advice

  2. #2
    Kranky's Avatar
    Kranky is offline Senior Board Member
    Join Date
    Jun 2006
    Location
    Wisconsin
    Posts
    1,108

    Default Re: ~Need Owner Operator Advice~

    Quote Originally Posted by GA1803
    My husband just recently became an owner operator. We are now in the process of deciding what type of account should we open up solely for his truck business.

    Right now he is working by contracting out to a Gas tank Line. The company does no withholdings so we must make sure that the IRS is getting their money and we are saving in a separate account for the business.

    All advice is greatly appreciated we are new to this and do not mind hearing sound advice
    Consult with a CPA as soon as possible.

    There is too much at stake here to consider it a DIY project.

    Best of luck.
    If you can't shift it smoothly, you shouldn't be driving it.

  3. #3
    GA1803 is offline Rookie
    Join Date
    Jan 2007
    Location
    GA
    Posts
    6

    Default

    Thanks we will get right on it. I hope that we can find a reputable one.

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