Brokers BOC 3 application

BOC 3 application. What is it? When starting a business, any business, there are some pre-requisite formalities one has to comply with in order for the smooth running of the said business. This being said, if you are starting a new broker firm, then there are some pre-requisites one has to comply with. One of these pre-requisite formalities is a Brokers BOC 3 application . A BOC 3 application has to be submitted to the Federal Motor Carrier Safety Administration (FMCSA). This is done because there is a requirement, enshrined in the US federal law, that a broker firm will name a Service of Process (SOP) agent. This is important compliance without which a broker cannot operate in any state of the USA. This SOP agent will be authorized to receive and submit legal documents on behalf of the broker he is representing. This SOP agent can be a person or an organization, depending on whom the broker chooses to name. The SOP agent needs to have a designated address and business hours in each