Taxi Business Plan

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If your taxi units are painted and are ready for inspection, getting a license will not be an issue.

You can avail a business license from the local clerk’s office for $20 to $75, and it may cost you to roughly $3000 a year.

Typically, a new car may cost from $10,000 to $20,000.

Depending if it’s brand new, on its type and its manufacturer.

If you are past the stage of decision-making, and you’re now completely certain about starting your own taxi service, you came at the right place.

This post will give you an insight about how much it’ll cost.

It also received 14 testimonials from readers, earning it our reader-approved status. If you enjoy driving and working with people, knowing how to start a taxi company might be something you want to do.

Though starting a taxi company might require a relatively large investment, returns can quickly add up and many taxi companies expand within their first year.

If you have employees, you may as well consider the factors of self-employment or unemployment insurance, medical insurance, and life insurance.

Expanding the plan’s coverage may increase your monthly fee, but it’s worth it, as it will encourage the drivers to work hard, stay healthy and be productive.

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