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But how does one start a limousine company?The three basic requirements of any business firm is that it should be well planned out, registered properly and should be legally compliant.
The start up and ongoing costs have to be determined, the target market should be discovered, when can the business reach the Breakeven Point and above all choosing the right name for it.Fixed and Recurring CostsThe journey of a Limousine Company starts with the acquisition of the cars that will be required by the business.
An additional $100 per month will be required to park the car at a rental space unless the owner has his own.Permits and LicensesPUC license registration is a pre-requisite in starting a limousine business.
If the owner does not acquire the necessary licenses and permits, he could be fined heavily or face some litigation that might result in the business being shut down altogether.
Another state wide regulation limits the number of passengers to be seated in the limo at a time and also safety precautionary elements such as the presence of a fire extinguisher or stretcher.The chauffeur also needs to be licensed and the limousine will need a commercial license plate.
They can both be obtained from the Secretary of State’s office.
