If you mean purchasing new license tags every year of course you would despite the fact that you will be operating under FXG DOT authority . Yep, it's on you and with 10 trucks it will add up especially in NY.
What thread is this?
If you are going to run it as a C-Corp rather than an S-Corp you may also be subject to NY state corporate income tax. Remember, you're buying those routes on the belief that the profitability is going to go up. Trouble is you're buying them from a guy who is equally convinced that it's going to go down.
Here is the story on that one, pretty messed up but it is easy to rectify and pretty spelled out that it needs to be an S-Corp. story is 5 years old but I always have remembered it.
In the beginning I know that LLC's and LLP's were prohibited but I don't recall C-Corp's being banned. Then again that policy as with X policy in general can change in a moment. Keep in mind most of the investor class are registered as C-Corps and given the influx of the investor class I wonder if they might have made X fearful that the investor class was getting a little too powerful . Then too it may have seen too many occasions where the investor class bought up routes for the sole purpose of flipping them soon afterward for a quick profit. X has publicly stated that it's one and only objective is to acquire trucking and labor at the lowest possible cost not to create equity for contractors and or speculators.
