More About BOC-3 Process Agents For Transportation And The Process Involved
If you have a transportation company that is operational, it is necessary to hire a SOP (service of process) agent , also referred to as an FMCSA agent that covers all the states where you conduct business. An SOP agent is an authorized business or individuals who is appointed by your business to essentially submit legal documents like a BOC-3 on your behalf. The process agent must physically be situated in every state where you are legally authorized to operate. They must be contactable at the address during standard business hours. Once appointed, the process agent is allowed to receive and forward SOP and other legal documentation for your company in the states where the agent is appointed. SOP entails delivery of documentation, usually a complaint or summons that notifies your defendant that litigation was initiated against him and the succeeding actions that must be taken.
What Does BOC-3 Filing Entail?
BOC-3 filing is a federal filing in the US that appoints an FMCSA (process) agent to accept legal documentation on behalf of a logistics or transportation agency in the states where the business is authorized to operate. A BOC-3 filing is usually required before the logistics agency is given authority to operate.
How Much Will It Cost To Hire A BOC-3 Agent?
The cost of hiring a registered and professional BOC-3 process agent can cost anything between $20 or exceeding $100 contingent on the scope of services required (many agents offer compliance services other than BOC-3 filing). The fee structures can vary. Numerous registered process agents will charge an annual fee with extra charges for every document while other agencies will ask a once-off BOC-3 filing charge. If you require a professional registered SOP agent, check out https://www.royaltyspeed.com/services/process-agents/.
What Are The Advantages Of Hiring A Blanket Process Agent?
Business might hire a process agent for separate states or hire a blanket process agent which covers all states. Appointing a blanket agent is useful for consolidating your business’s FMCSA obligations. The agent takes care of your BOC-3 filing obligations in every jurisdiction where you are operational. This makes it a lot easier to keep track of notifications when they arrive from one agent as well as receiving prompt notifications in the event of any regulatory changes happening. The agent can also mitigate potential penalties, for instance, loss of good standing when you no longer fall in compliance with FMCSA.
How To Choose The Right SOP Agent?
When choosing a registered SOP for your logistics company, look for experts that are training in SOP within the transportation field, that can ensure quick and secure handling of your official documents. There are numerous service providers to select from, but it’s in your best interest to choose one that walks the extra mile when it comes to statutory requirements and offers alerts and tools to assist you with staying on top of essential compliance requirements without extra service charges. It is also convenient to hire agents that are available during office hours. Also look for extra services they offer, like annual report filings to make sure your filings are always correct and submitted timorously.