Charles Mundy Breakdown the Minimum Start-up Cost to Become a Freight Broker.

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[@GHS19]

🙏🏾💯👍🏾 Answered My Question Completly In less than 5 min THANK YOU !

[@ellcdispatcher101]

You are welcome!

[@dominiquebraxton9432]

Thanks you gave me a start 🙏🏽

[@ellcfreightbroker101]

yw

[@yourlifestyleelevated2015]

As a Carrier this is very well explained and clear presentation. Keep Pushing Forward. 🚛💵🎯💯☕🤙🏾

[@storiesthattouch]

Thanks for sharing brother

[@ellcfreightbroker101]

No problem!

[@TaureanAmmons]

Thanks for basic breakdown brother. 💪🏾

[@charlesmundy3350]

More where that came from!

[@jazzminmarie1425]

any recommendations for the best companies for Surety bonds (BMC-84)? also, I notice on the FMCSA website it says you can file for your BOC-3 yourself if you're a broker in your state, is this recommended or do you recommend getting an agent/representative even in the state you live in?

[@charlesmundy3350]

International Sureties with Jessica Palmeri. Also, file BOC-3 using an agent and not yourself.

[@challengecoins4u]

but how much can that insurance that you mentioned, the one that costs up to $75k?

[@ellcfreightbroker101]

You are referring to the surety bond - BMC 84. It depends on your credit. Range can be between $750 and $3,000

[@stien-mv7bf]

Do you still need all this docs if you are willing to work for a company as a broker?

[@charlesmundy3350]

No, because you will be work as a freight agent under their authority!

[@ZeeTheGreat333]

Someone told me that in order start a freight brokerage you need to have 75k in the bank. That the fmcsa is no longer allowing you to get bonded for that 75k

[@charlesmundy3350]

Not true.

[@ZeeTheGreat333]

@@charlesmundy3350 thank you. I thought that was a lie but wanted to make sure

[@ladonnacoleman9674]

❤️❤️

[@anthonydaniels7712]

You forgot the bond of 75k tho

[@charlesmundy3350]

That was the second thing mentioned.

[@singhraja1]

Where I can get training of freight broker? Any learning school or online. If anyone knows please let me know. Thanks

[@Aflo.621]

Check out Dennis Brown freight broker bootcamp

[@user-gg5qy3np9e]

I am a carrier with 2 trucks currently. Can I get my brokers authority and run it under my current authority?

[@charlesmundy3350]

Keep them separate

[@johnnysantos3997]

can you do a DBA ?

[@charlesmundy3350]

@@johnnysantos3997 Yes. Please consult your CPA/Accountant.

[@Alog425]

You pay $75,000 every year ?

[@charlesmundy3350]

Yes. You pay a small premium annually in order to have a $75,000 coverage. Kind of like insurance.

[@challengecoins4u]

You don't actually pay the $75k a year, you may pay a premium which would be anywhere from $1k to $8k depending on your credit score.

[@1991Guru]

If you never drove a truck for any duration that person should be outlawed

[@charlesmundy3350]

exactly