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

All freight forwarders and logistics companies are required by law to assign a process agent, in every state they’ll be operating, upon which legal papers can be served. After acquiring the MC (motor carrier) number from FMCSA, the next step is getting a process agent to file BOC 3 on your company’s behalf. You can choose a licensed and registered process agent from the list published on website of FMCSA.  Select the process agent:  The selection of a process agent should be done carefully; you must shop around first, ask for free quotes, evaluate the services provided and then select the company that suits best to your needs.  Sending Request to process agent:  Once you select the process agent you want to work with, you have to send a formal online application to them. Most companies have 9 to 5 operating hours and if you send the application within this time window, they immediately start working on BOC 3 filing. This doesn’t mean you can’t send the application