Who is Affected by Map 21?

IT’S A HUGE NEW TAX

 

COSTS of starting and maintaining new corp   Sec 32915

 

CARRIER MUST start corporation separate from their motor carrier

 

SEPARATE FEIN, address, corp identity, different phone numbers

 

CAN NOT share even payroll

CAN NOT co mingle broker funds with carrier funds or loans.

 

BROKERAGE CAN NOT apply for a loan using their broker receivables as   collateral  - pledged to Surety Bond in most cases.

 

CARRIER CANNOT take possession of cargo in their name

CARRIER MUST identify to shipper which corp is handling the tender

CARRIER CAN NOT invoice shipper for a brokered load.

CARRIER CAN NOT  use their Insurance for brokered loads.

Other Bonds Available