SHOULD I INCORPORATE?
Limit your personal liability for business debts and obligations; Lower your tax rates by deducting employee benefits or other expenses;  Save money on self-employment taxes;  Protect your company name in the state where you're incorporated;  Raise capital by offering shares in your company;  Offer company stock or stock options as a benefit for employees; Add credibility to your business by projecting longevity and success.

​CORPORATION VS. LIMITED LIABILITY COMPANY  (Call Us Now to Compare For You!)


Compare Business Types:

  • Owners have limited liability for business debts and obligations
  • Created by a state-level registration that usually protects the company name

  • Business duration can be perpetual
  • May have an unlimited number of owners

  • Owners need not be U.S. citizens or residents
  • May be owned by another business, rather than individuals

  • May issue shares of stock to attract investors
  • Owners can report business profit and loss on their personal tax returns 
  • Owners can split profit and loss with the business for a lower overall tax rate  
  • Permitted to distribute special allocations, under certain guidelines
  • Not required to hold annual meetings or record meeting minutes



WHAT CLASSIC TRANSPORTATION SERVICES CAN OFFER YOU!
We customize packages to fit your needs and budget!


  • Common, Contract OR Broker Authority, USDOT Number
  • UCR (Unified Carrier Registration); IRP Registration Paperwork and IFTA Decal Paperwork
  • Simple Permits (NYHUT, NM Account, KYU);
  • Commercial Truck Insurance
  • Primary Insurance Packages
  • Bob-tail & Physical Damage Insurance
  • Occupational Accident
  • Contingent Cargo
  • Broker Bonds BMC84 & BMC85
  • Road Masters TOWING Package; 401K, Health, Dental & Life Insurance Benefits
  • Load Training and Dispatch Services
  • Drug & Alcohol Testing Program, Dispatch Services, Fuel Tax Preparation, Fuel Card

Should I Incorporate?

OPENING HOURS

Monday-Friday

8.30am-5:00 p.m. EST

 

ADDRESS

2005 Ailor Avenue
Knoxville, TN 37921
sales@classictruckinsurance.com
Tel: 888-498-0255
Fax:865-522-7772

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Disclaimer:  Our General insurance Glossary is for general information only. We  do not warrant the information found here as usual and customary for assessment of insurance claims or pay outs. Insurance terminology could vary widely per State or Insurance company acceptability. Contract language can vary widely dependent upon  many factors. The information contained here is meant to be general in scope. We recommend contacting your insurance agent or the insurance bureau in your state for exactly what is appropriate in your state .

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