Understanding the appropriate legal standards is crucial when beginning a trucking business. Filing a BOC-3 form is one among those requirements. But when does BOC-3 end? How do you establish your own trucking business, too? Now let’s get into the specifics.
All motor carriers operating in the United States are required to submit a BOC-3, or “Blanket of Coverage” form. The form names a legal representative in each state where the carrier intends to conduct business. Receiving legal paperwork on the carrier’s behalf is the responsibility of the legal representative. Does a BOC-3 ever expire?
The BOC-3 form is perpetual. The form will be active after submission until you ask for it to be cancelled. However, you must amend your BOC-3 form to reflect any changes you make to your company, such as changing your legal name or expanding into other states.
Let’s talk about how to launch your own trucking business now that the question “Does BOC-3 expire?” has been resolved. The steps are as follows:
2. Register Your Business: File a registration form for your company with the relevant state and federal organizations.
3. Obtain Operating Authority: The Federal Motor Carrier Safety Administration (FMCSA) must grant you operating authority before you can act as a motor carrier. 4. Register Your Vehicles: File a registration form with the state where you intend to drive your car.
6. Submit BOC-3: As previously noted, submit a BOC-3 form to name a legal agent in each state where you intend to conduct business.
Although starting a trucking business might be challenging, if you follow these guidelines and adhere to all legal regulations, you can build a successful firm. And keep in mind that even though the BOC-3 form is perpetual, you must amend it if your company goes through any significant changes.