Believe it or not, you might find an MC Number for sale at any moment. Many trucking businesses decide to sell numbers with MC status for various reasons. The most common reason is that a company is going out of business. So, is it a smart decision to sell your MC Number? And, is it a good idea to buy someone else’s MC authority? Read below to find out.
How Much Does an MC Number Cost?
The cost of securing official FMCSA Operating Authority through an MC Number is $300. This applies to the one-time individual Operating Authority fee through the FMCSA. But the total might exceed $300. That’s because the FMCSA charges separate filing fees for each authority sought. Due to the costs of these fees, some people opt to buy MC Numbers elsewhere.
Can I Buy Someone’s MC Number?
Yes, you can buy another person’s MC authority. That’s because the FMCSA states that Operating Authorities can indeed get transferred. And “Operating Authorities” refer to numbers with MC status. Before you buy or sell an MC Number, it’s best to go to the FMCSA website. It features an official Operating Authority Transfer FAQ page. Also, keep in mind that USDOT Numbers cannot get transferred from one party to another. It’s against the law.
How Fast Can I Get an MC Number?
The time-frame for getting a number with MC status is fast. In fact, you can get an MC Number as fast as you can receive a DOT Number. But there is one key difference. Each DOT Number becomes active on an immediate basis. But that is not the case with an MC authority number from the FMCSA. The FMCSA demands that every person go through a 21-day protest and vetting period. Once the period comes to a conclusion, the number can become active. Many people must undergo a waiting period when an MC Number gets transferred. You can also secure your own new MC Number.
Who Needs an MC Number?
Countless transportation companies across the US need MC Numbers. These are companies that transport either goods or people for compensation. This refers to interstate transportation. An MC status number becomes needed for all companies that move regulated commodities. These are official policies of the FMCSA and USDOT. If you're unsure if you need MC authority, please call our organization today.
Are There Shortcuts for Getting MC Operating Authority?
Yes, shortcuts do exist for securing active MC Operating Authority. But it's best to exercise caution when considering shortcuts. You do not want to risk getting fined or penalized by the FMCSA and DOT. That’s why you should consider contacting Moving Authority. Our experts can assess your unique situation and ensure what you're going to do is legal. There are a lot of steps when it comes to running a trucking or transportation business. And getting MC authority is one of the most important steps that you can take. Why? Because the FMCSA will not let you operate without MC authority.
There are many steps when it comes to starting a new transportation company. That’s why so many people seek out shortcuts. (Like buying a number with MC status from someone else.) This way, business owners can save time and money. Buying an old MC Number from someone else is a very common shortcut in trucking. It’s not our place to tell you what you should and shouldn’t do. Instead, let’s continue going over the basics of buying MC authority for sale. This way, you can decide for yourself whether a sale from a third party is worth it.
The Basics of Securing Active MC & Trucking Authority
The FMCSA demands that all carriers must have active MC and trucking authority. This applies to any carrier that transports freight or passengers in interstate commerce. Without the right authority to operate, a company can get fined into nonexistence.
There’s a standard $300 filing fee on the FMCSA website to apply for Operating Authority. Meanwhile, the FMCSA fee for reinstating someone else’s MC Number is $80. But that doesn’t include the $14 fee to change the name of the MC authority holder. Of course, the difference between paying $300 and $94 is large. But it’s often not that simple. The FMCSA has a reputation for tacking on many other costs. Plus, the standard waiting period lasts from three to six weeks. This means it might not seem worth it for you to buy MC authority for sale. In fact, companies consider it easier to secure MC authority through our organization. That’s because our trucking industry experts have their own shortcuts. They can supply you with Operating Authority fast in a legal and professional manner.
What’s the Advantage of Buying MC Authority for Sale?
Sure, there’s potential savings. But there is also another key advantage of buying an MC authority for sale. It’s that having an established MC Number could help you get more (and better) business. This applies to working with brokers and shippers. Both of them might notice that your MC status features older digits. This could give them the perception that they're working with a seasoned company. Plus, you might get pulled over for DOT inspections less often with an older number.
Do Your Research Before You Buy a Number for Sale With MC Status
It’s best to conduct research whenever you discover a carrier MC status number for sale. Why? Because transferring authority is a complicated process. (That’s why it’s ideal to contact our organization for help and/or advice.) There are tons of reasons why a trucking company could get placed out of service. You cannot assume that the seller of MC authority’s being honest with you. For example, an old MC Number could have poor safety scores. Or, something else that’s negative could get associated with the number. If you go ahead and buy a number without proper vetting, you could face bad consequences. Shippers and brokers could refuse to do business with you again.
So, what’s one of the best resources for MC authority research? It’s the FMCSA SAFER website. The site features information related to crash information, safety scores, and more. It’s a great starting point for reaching the company that’s selling the MC Number. Also, make sure that you ask the MC authority seller tons of questions. If the answers seem sketchy, do not consider buying the MC Number. Instead, apply for a new MC Number.
Ask the MC Authority Seller Smart Questions
You have every right to ask the MC authority seller plenty of questions. The questions should focus on any circumstances about the sale that you should know. Here’s a common example. Sometimes an MC seller has already entered into a contract with another company. Then, the contract (like a factoring agreement) would get transferred to you if a sale took place. There are situations where contract terms affect whoever has the sold MC authority. Thus, you need to exercise caution before agreeing to any sale of an MC Number. You can't afford to risk taking on a contract that doesn’t benefit you.
Know the Final Costs of the MC Number Before You Buy
Make sure that you read the contract from front to back before getting MC authority. There is no standard price for buying an established MC Number. That means some price ranges will exceed the $300 FMCSA authority fee. Or, some MC sellers might try to rip you off. If you can't find a good deal, it’s best to buy an MC Number from our organization.
MC Numbers Won’t Last Forever
The FMCSA is revamping its trucking authority policies. This means that new carriers might soon only need to file through the URS website. (URS refers to the FMCSA’s Unified Registration System.) The FMCSA will phase out MC Numbers at some point in the future. That’s why you've got to pay attention to when this will take place. The last thing you want to do is buy MC authority when you soon not need it.
Is Motor Carrier/Broker Authority Worth Anything When Retiring or Selling a Business?
Yes, it often is. Why? Because motor carrier authority can get transferred to another company or person. But that’s contingent on your safety rating stating either “satisfactory” or “none.” Once again, only an MC authority number can get transferred to another party. The new MC owner has two options. He or she can get a new USDOT Number or keep the current number. Even an address and name can get changed. Also, MC authority can get transferred whether it’s inactive or active. If you have questions about transferring authority, please contact us today.
Contact Us To Learn More About Buying & Selling MC Numbers
Do you have questions about how to buy or sell MC authority? If so, do not hesitate to call our organization right now. You're also welcome to message us on our website or send out an email. No matter what your problem is, our trucking experts can help you find the right solutions. We won’t rest until you receive the ideal Operating Authority that you need. You might also want to consider buying an MC Number from our organization. Each year, we help thousands of carriers secure FMCSA trucking authority. We look forward to serving as your go-to resource for MC and Operating Authority.