My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Starting a Business

Is a letter of credit from our bank enough to start a freight broker business?

min read
Opinions expressed by Entrepreneur contributors are their own.

It's not clear what form you�re talking about, as this is a business that requires a number of different forms.

There's a lot that goes into starting a freight broker business, not the least of which is ensuring that you have a substantial enough line of credit to be able to pay your carriers even before you're paid by the shippers.

Make sure you surround yourself with a solid team of advisors--for insurance, record-keeping (the Code of Federal Regulations specifies the records you need to maintain), legal issues and, especially, banking. They should be able to help you create a smooth system for operations.

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur