Minimum capital needed to start a Freight Brokerage business?

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Comments (2)

tatz in Abbotsford, British Columbia

30 months ago

Unlike the USA where in order to start a freight brokerage one would have to get a USDOT number, broker authority, a surety bond which is now $75,000 & legal process agents in each state they operate with the FMCSA. Now in Canada none of that is required. Which gives anyone starting a freight brokerage in Canada a big advantage. All you need is to get your business name registered, local business license, choose your legal entity & your rolling. But how much capital is really needed to start a brokerage from home? A broker would have to pay his carrier before he gets paid so liquid assets in the beginning would be needed but the broker also has an option to use factoring services in the beginning. Do you think $5000 would be enough to your foot in the door?

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RideoutInt in Brampton, Ontario

13 months ago

IF you are factoring and have a phone, fax, printer/copier and a lil know how you should do just fine with the 5K.
Good luck !

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