What Is An Mc Number? How Can Your Trucking Industry Get It?
If you are running a trucking industry or are willing to initial one. You must know what the MC number is?, and how do you get your mc number. The legalization of your business and knowing all the things needed for it is important, especially, when you are new to it. Having an MC number is essential for most carriers and trucking organizations. Here we will define and discuss the importance of the MC number.
What is the MC Number?
MC stands for the motor carrier number. MC number is an authorization number assigned by the Federal Motor Carrier Safety. It provides businesses with the authority to operate in interstate commerce. However, getting MC numbers for companies that work to transport passengers or hazardous material is pivotal. In contrast to this, if a business owner does not invest in MC number and delays its acquisition, the state authorities will make it shut soon.
Two common types of transportation organizations must get MC numbers. They should acquire active DOT Numbers. The following two types of organizations secure Operating Authority through MC Numbers. These are
- Organizations that transport passengers through interstate commerce.
- Organizations that transport commodities(or moving commodities) while adhering to federal regulations.
However, Those who don’t need to get an MC number are the Private carriers; “For-hire” carriers that exclusively haul exempt commodities; and the carriers that operate exclusively within a federally designated “commercial zone” that is exempt from interstate authority rules.
How to Get an MC Number?
If you do not know the procedure of getting an MC number and fear a lengthy procedure. You are in the right spot. If you have decided to invest in the trucking business or are still confused about it. Then this article will strengthen this decision.
For getting an MC number you will need to file it with the FMCSA (Federal motor carrier safety administration) and pay the registration fee. The process will take almost three weeks. As soon as the process is complete, you will be issued the MC number. However, you can’t expect it to be active right away.
Secondly, you will have 20 days to settle your BOC-3. You will also have to buy an insurance policy. It’s crucial to highlight that getting the trucking company insured before applying for the Mc number is obligatory. Without insurance, a company cannot be insured. If you want to know about the best rate of any insurance company, you must compare the policies before choosing one. However, if you find it difficult to get this work done then it is wise to take professional help.
The process of legalizing operating the trucking industry does not end here. There are a few more steps you need to take. After you get your MC and DOT number, you will be asked to pay HVUT. Paying this tax is compulsory before you want to operate your trucking industry. Secondly, when you’ve paid this tax, you will be entitled to the apportioned plates for your vehicles. A newly initiated trucking industry’s owner must know about an IRP, it is where all the trucks are registered according to the multiple jurisdictions.
Setting Up Fuel Agreement
Once you are done with the above-mentioned steps, you need to set up the International Fuel Agreement for your business. This will detail the taxes among the various provinces. Keep in mind, unless you don’t have the MC number, it will be hard for you to operate your business. Going the extra mile to meet the desired requirements is essential, especially, due to the large competition among the trucking industry. The MC number is issued to create a demarcation between different businesses, so unless you don’t register for it, there is no need to risk your investment. In this way, you will get your MC number. However, other than this, there are several other regulations that you will have to comply with. For instance, passing your medical exam is one of such regulations.
The above-mentioned steps are a complete guideline towards the acquisition of an MC number for a new tracking industry.