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Glossary: IFTA Decal

December 24, 2014

Issued by the Board of Equalization. This decal varies on the state in which you are based in.

Glossary: Hazmat Permit

December 22, 2014

Under the FMCSA, Hazmat Permits are issued to carriers transporting certain types and various amounts of hazardous materials.

Year End Record Keeping

December 17, 2014

Written by Molly Harris What a year it has been! As the year wraps up, it is the perfect time to make sure you have good records when entering the New Year. You never know when you will receive an audit from the IRS, and keeping good records will help prepare you for this. Record Keeping Requirements There are permits, licenses and stickers to get/renew. … Read More »

Glossary: Sole Proprietor

December 15, 2014

A company type that has a single owner and is not a corporation or an LLC. A sole proprietor can be a self-employed individual or an independent contractor.

Glossary: Limited Liability Corporation (LLC)

December 10, 2014

A company type that is a structure allowed by state statute and is formed by filing articles of organization with the state. It can have one member (single-member) or more (multi-member). LLC members can have individuals, corporations other LLCs, or foreign entities.