Filing a BOC-3 form is incredibly simple. However, this doesn’t mean there won’t be any mistakes when filing one. Demand for these applications is growing daily and is higher than ever. Due to the high volume of applications, truckers may not be able to follow these tips consistently. Nevertheless, you will still be able to evaluate the accomplished work to see if there are any flaws in it.  Try to follow these tips when choosing the right processing agent to avoid any possible mistakes. The points outlined below are incredibly helpful and are crucial to establishing and maintaining a successful business.

Hiring a non-certified agent

Your BOC-3 forms can only be legally processed by a process agent who is registered in the FMCSA database. Do not hire an unverified third party to avoid further delays and issues with the authorities. Neglecting this rule may result in data security issues, breach of trust and even financial damage. Classified information, if misused, can turn into a liability and lead to compliance risks. 

Agents who file the application for you should be able to carry out the entire process impeccably and without any flaws. They should also demonstrate speed and proficiency in their work due to the high volume of applications

Not updating your information

If you move to another US state or change your ownership, you must file a new BOC-3 form that will reflect these changes. Ensure that you fill out your credentials correctly. However, you might also consider hiring an agent who would fill out your credentials on your behalf. In these cases as well, the agent should demonstrate spotless attention to detail, because altering any information requires as much attention as the initial filing. 

1. Assuming that filing only one form can cover all your businesses or entities (H2)

There’s a common misconception that one BOC-3 form is sufficient for a multitude of entities. However, each MC number requires separate forms. If you operate multiple companies, you will need to submit a filing for each one. 

It is important to know that assuming otherwise may result in fines, penalties and regulatory violations. All these have the possible risks to suspend your operating authority. 

Assuming it’s a one-time task

BOC-3s don’t usually require annual renewals. However, any significant change that happens in business requires an update. Any changes that occur in your business ownership— whether it’s changing the core nature of your company or restructuring it, must be reported in your archives. All these changes are needed to avoid any discrepancies and to prevent issues with officials.  

Filing when it’s too late 

Procrastinating is generally not encouraged in business operations or any human interactions. Considered a “modern-day epidemic”, procrastination has become incredibly widespread these days. The main reason for this is the rapid speed at which our society evolves. All these shifts and evolution cause distractions, which in turn confuse people and prevent them from resolving important issues.  

Any delay in filing a BOC-3 form can slow down your operating authority and cause lost business opportunities. There’s a high possibility that your operating authority can get suspended if you fail to meet the deadlines. Just as in any other field, not meeting deadlines or doing what’s necessary too late is unacceptable.