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Starting Your Own Limo Business: Limousine Ownership
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Published: November 14, 2006
When it comes to limousine ownership, it generally is safe to assume most limos are owned by limousine services and rental companies.
Typically, those who use a limousine as their main source of transportation do not own the limo; instead, they arrange a lease agreement with a limousine service for long-term availability.
However, because this type of arrangement can be somewhat costly, especially to those who only use the services a few times per month, various fractional limousine ownership programs, such as LimoShare, have been developed to provide people with options to better suit their travel needs.
Limousine Ownership as a Business
In some states, any person who owns or operates a limousine must be associated with a limousine business, and therefore must have a business license. According to The City of Marion, limousine business is defined as a company providing limousine services originating within the corporate limits of the metropolitan area.
Before a person can operate a limousine with the intention of carrying passengers for hire, they must first obtain a limo driver's license; however, in order to do so, a few requirements must be fulfilled. To begin with, the applicant must be 18 years of age or older, and they must be able to read, write and speak English. Also, the applicant should not have been convicted of a felony or crime involving sexual abuse within the past five years. All applicants must also be willing to undergo a background investigation.
Because starting a limousine business is a step-by-step process, beginning with applying for a license and ending with finding the right vehicle, many people look to other limousine ownership options.
What is Fractional Limousine Ownership?
As the latest trend in limousine travel, fractional limousine ownership offers various benefits of ownership – such as saving time and reducing the stress of travel and scheduling concerns – at a fraction of the cost. Unlike full ownership, fractional limousine ownership allows a person or business to purchase a fraction of a luxury limo, therefore entitling them to the benefits of that particular vehicle. Also, because owners normally pay an hourly rate combined with both a monthly management fee and an initial investment fee, fractional ownership saves them a significant amount of money when compared to having full ownership
LimoShare
As a fractional limousine ownership program with options that are easy to understand, LimoShare handles various aspects involved with limousine ownership, such as insurance, storage, scheduling, maintenance and chauffeurs. With a predictable pricing structure, high-standards and guaranteed availability, LimoShare is a smart alternative when it comes to limousine ownership options.
Benefits
Like most other fractional ownership programs, LimoShare allows owners to enjoy a variety of benefits without ever having to worry about the hassles of owning a limousine. First of all, with access to an entire fleet of limousines, owners enjoy scheduling flexibility, as well as the option to use other vehicles if theirs is unavailable at a certain time. Owners also have the chance to choose the type of limo best suited for their travel needs. Most limos can accommodate up to eight passengers and include state-of-the-art electronics, as well as a personal chauffeur.
Sources:
Bagal, Sujatha. Moving Forward: Bouweiri has limousine company up and running.
Springfield Times. 13 May 2004. Part IV. 29 Oct 2006.
http://www.restonlimo.com/press_releases/timesar ticle5.13.04.pdf
Chapter 132-Metropolitan Area Taxicab and Limousine Code. City of Marion. 29 Dec 2005.
cityofmarion.org. 29 Oct 2006. http://cityofmarion.org/code/chap132
Limousine. tvWiki.tv. 29 Oct 2006.
http://www.tvwiki.tv/wiki/Limousine
Program Summary, Limoshare vs. Renting/Purchasing, What is Fractional Ownership?
Why Limoshare? LimoShare. 29 Oct 2006.
http://www.limoshare.net/programsummary.htm
http://www.limoshare.net/rent_purchase.htm
http://www.limoshare.net/what_is.htm
http://www.limoshare.net/why_us.htm
Typically, those who use a limousine as their main source of transportation do not own the limo; instead, they arrange a lease agreement with a limousine service for long-term availability.
Related Articles
Limousine Ownership as a Business
In some states, any person who owns or operates a limousine must be associated with a limousine business, and therefore must have a business license. According to The City of Marion, limousine business is defined as a company providing limousine services originating within the corporate limits of the metropolitan area.
Before a person can operate a limousine with the intention of carrying passengers for hire, they must first obtain a limo driver's license; however, in order to do so, a few requirements must be fulfilled. To begin with, the applicant must be 18 years of age or older, and they must be able to read, write and speak English. Also, the applicant should not have been convicted of a felony or crime involving sexual abuse within the past five years. All applicants must also be willing to undergo a background investigation.
Because starting a limousine business is a step-by-step process, beginning with applying for a license and ending with finding the right vehicle, many people look to other limousine ownership options.
What is Fractional Limousine Ownership?
As the latest trend in limousine travel, fractional limousine ownership offers various benefits of ownership – such as saving time and reducing the stress of travel and scheduling concerns – at a fraction of the cost. Unlike full ownership, fractional limousine ownership allows a person or business to purchase a fraction of a luxury limo, therefore entitling them to the benefits of that particular vehicle. Also, because owners normally pay an hourly rate combined with both a monthly management fee and an initial investment fee, fractional ownership saves them a significant amount of money when compared to having full ownership
LimoShare
As a fractional limousine ownership program with options that are easy to understand, LimoShare handles various aspects involved with limousine ownership, such as insurance, storage, scheduling, maintenance and chauffeurs. With a predictable pricing structure, high-standards and guaranteed availability, LimoShare is a smart alternative when it comes to limousine ownership options.
Benefits
Like most other fractional ownership programs, LimoShare allows owners to enjoy a variety of benefits without ever having to worry about the hassles of owning a limousine. First of all, with access to an entire fleet of limousines, owners enjoy scheduling flexibility, as well as the option to use other vehicles if theirs is unavailable at a certain time. Owners also have the chance to choose the type of limo best suited for their travel needs. Most limos can accommodate up to eight passengers and include state-of-the-art electronics, as well as a personal chauffeur.
Sources:
Bagal, Sujatha. Moving Forward: Bouweiri has limousine company up and running.
Springfield Times. 13 May 2004. Part IV. 29 Oct 2006.
http://www.restonlimo.com/press_releases/timesar ticle5.13.04.pdf
Chapter 132-Metropolitan Area Taxicab and Limousine Code. City of Marion. 29 Dec 2005.
cityofmarion.org. 29 Oct 2006. http://cityofmarion.org/code/chap132
Limousine. tvWiki.tv. 29 Oct 2006.
http://www.tvwiki.tv/wiki/Limousine
Program Summary, Limoshare vs. Renting/Purchasing, What is Fractional Ownership?
Why Limoshare? LimoShare. 29 Oct 2006.
http://www.limoshare.net/programsummary.htm
http://www.limoshare.net/rent_purchase.htm
http://www.limoshare.net/what_is.htm
http://www.limoshare.net/why_us.htm
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