Thanks for all your help, guys. I think we have a handle on it now. Here is what we have going on -
1. Bank of Mom for funding.
2. Truck and trailer being bought outright, no financing.
2a. If we go idle, our run rate per month will go almost to zero, since the bank is flexible on repayment. We will prepay most fixed expenses to make that happen.
3. Buying an older Peterbilt with a hopper trailer that have both been used to haul grain recently. Tractor setup with a big cummins motor, 13 speed and lockers. 700k miles. Also has a headache for eventual lowboy purchase. Not a make do truck, one that is ready to roll...
4. EIN and LLC done. After we get the truck we will go for licensing and authority (contract with corp requires authority) and insurance/etc.
5. After the truck paperwork is complete, we sign the grain hauling contract and start running. We are 80 miles from the grain depot at the river so we can make 3-4 runs per day, 5 day work week. Our business plan is to only haul for corporate clients from grain collection points to the river depot. No farmer grain hauling is planned at this time.
6. After we get going for a few months, we will buy a backup truck.
7. We are going to DOT license our 1 ton flatbed and get a 20K gooseneck trailer for hotshot runs if the grain hauling falls off for a month or two.
8. All principals in the LLC will get Class A licensing.
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