2024 October No.08 – Broker Compliance


8. Ms. Crimson and Mr. Blue are both individually licensed customs brokers. They form a Limited Liability Company (LLC) and obtain an organizational customs broker license as an association. The LLC hires Ms. Yellow, who is also a licensed customs broker. Crimson is the majority owner of the LLC. Blue is named as the license qualifier. Yellow is named as the permit qualifier. Crimson, Blue and Yellow are all officers of the LLC. The LLC surrenders its organizational license and permit to the processing Center and terminates the brokerage business. Upon termination, who is responsible for notifying CBP in writing of the name, address, email address, and telephone number of the party having legal custody of the LLC’s brokerage re cords? (2024 October No.8 – Broker Compliance)

A) Only Blue, as the license qualifier, is required to notify CBP.

B) Only Crimson, as the majority owner, is required to notify CBP.

C) Only Yellow, as the permit qualifier, is required to notify CBP.

D) Crimson, Blue, and Yellow as individually licensed brokers and officers of the LLC

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The Answer is: D

Citation: 19 CFR 111.30(e)(3)
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