Startup Program

Question 1

States charge $300 to organize an LLC. True or false.

Answer 1

FALSE

The cost to organize an LLC varies from state to state.

Question 2

Eventually, authority will be tied to the MC number only, and the FMCSA will do away with DOT numbers. True or false.

Answer 2

FALSE

Question 3

Apex files the BOC-3 (designation of Service of Process). True or False.

Answer 3

FALSE

Question 4

If there are no unforeseen issues, how long does it take to complete a setup for a client?

A. 1-2 weeks
B. 10 business days
C. 1 month
D. 5-15 business days

Answer 4

B. 10 business days

Question 5

Which is not an advantage of the Apex Startup Program?

A. Simplified Process
B. Communication with a knowledgeable transportation attorney
C. Saves time and reduces confusion
D. Forms and obtains authority for companies

Answer 5

B. Communication with a knowledgeable transportation attorney

Question 6

Which Federal Agency do Motor Carriers register and apply with?

A. Department of Transportation (DOT)
B. The American Truckers Association (ATA)
C. The Motor Carrier Association (MCA)
D. The Federal Motor Carrier Safety Administration (FMCSA)

Answer 6

D. FMCSA

Question 7

List 4 of the 9 documents contained in a client’s Record Book

Answer 7

Company Profile
Certificate of Formation
Form SS-4
Company Agreement
Actions of Members
DOT/MC Documents
BOC-3 Docs
UCR Docs