Selling your authority and LLC is easy.

It is a done deal and not as hard as I imagined it would be. It required 2 state forms and 1 FMCSA form/verbal communication with a FMCSA supervisor and bam. Also a little to do in the background with your PUCO and your consortium and of course setting a end date for your insurance policy.

I would recommend the buyer speaks your language/dialect and was born and raised in the US of A but that is just me and what I decided to do. You had better believe the "others" tried but I declined.

I will do a full write up here concerning the forms and how to use Zelle (money direct into your account with zero recourse for the buyer who put it there so they are making a leap of faith...not you) to get paid so you (the seller) are not taking any chances. I just need to collect my thoughts and reflect back on the last decade for a moment.

What a ride it has been!

 

One thing I did pick up during this procedure.....I am a sole proprietor LLC....if you are a S corp you would need to sell all of your "stock" to the buyer. I am not sure how that would work.

 

This is the FMCSA form.

 

Ya know what no one EVER answers this question on here or ANYWHERE else on the entire internet.....so I am going to keep that going! I don't want to take the fun out of it!

I did answer one long time member here via PM....he can share if would like.

 

And it seems this is the final form? Wow what a learning experience for the seller and lot of work for the buyer!!

https://www.irs.gov/pub/irs-pdf/f8822b.pdf