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New business formation centers on trailer-leasing industry

Business formation in Oregon may include the situation where a business law firm represents a new startup venture that is formed by experienced executives in a certain industry. An example of such a new business formation occurred recently in another state when two fleet trailer executives started a new company called Boxwheel Trailer Leasing, LLC. The company was backed with a significant capital investment from Crosstimbers Capital Group, a private investment firm.

The two entrepreneurs starting the company have extensive backgrounds in running large trailer fleets. They stated that they intend to offer a premium experience to customers. Their exemplary track record in the industry is a big plus in attracting investment capital into the young venture. For Crosstimbers, its co-founder declared the new company to be just the kind of entrepreneur-owned company that fit its investment strategy.

Boxwheel is based in Denver where it will lease vans, flat beds and refrigeration units for long haul and storage purposes. Crosstimbers is based in Houston where it specializes in making private equity investments in compelling entrepreneurial companies. In this case, it appears that the parties believe that the perfect fit of opportunities has brought together the startup and the investment group.

The legal services of an experienced business law firm is necessary to launch a new business formation in Oregon. With experienced executives at the helm, they will take care to provide budgetary startup expenses for needed legal services. A variety of different tasks must be performed, ranging from trademark registration through LLC operating agreements and including many other needs for new business creation. This may include setting up the tax procedures and structure of the company, preparing contracts with providers, financing agreements,  employee contracts, noncompete agreements, employment  manuals, and obtaining federal and state agency licenses and permits as may be applicable.

Source: businessinsider.com, “Boxwheel Trailer Leasing Announces Formation and Secures Equity Commitment“, April 26, 2018

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