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What are some good tips for starting a transportation company?

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Quick Answer

Tips for starting a transportation company begin with deciding what types of vehicles to use, the type of transportation company to start, and whether the company should transport goods or passengers. Seek financing for the company if needed, register it, and attain the appropriate permits and licenses. Other important considerations for a transport company include choosing an insurance provider and deciding how the business should manage payment transactions.

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Any transportation business generally needs a license or permit. One method of protecting personal assets from seizure if the business is sued is to register the business as a corporation, an S-corporation or a limited liability company. States lay out requirements for licenses and permits, which may differ slightly across regions. Check with the local government and the particular state's department of health and human services to learn about the exact requirements in your area.

The type of insurance needed depends on whether the company intends to transport people or goods. If the company transports passengers, the insurance policy is usually more comprehensive and more expensive. Likewise, payment methods chosen depend on the type of transport service. Non-emergency medical transport services can choose to accepting Medicaid in addition to standard payment methods.

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