MIAMI - August 22, 2024 - Rex Legal Business Consulting today announced a new service that helps companies file their Beneficial Ownership Information (BOI) Reports, which are required under US law. All American companies must file a BOI Report with the US Government’s Financial Crimes Enforcement Network (FinCEN) by the end of 2024. Rex Legal is making the submission process easy with a new convenient online platform. The service is part of the firm’s broader portfolio of personalized legal assistance for clients, especially those located overseas.
“It is important to remind all owners of businesses in the United States that submission of the FinCEN BOI Report is mandatory and must be done in a timely manner,” said George Jovanovic, Manager of Rex Legal. “Reporting is not only a legal requirement, but also a preventative measure to avoid potential financial and legal penalties under FinCEN regulations. Failure to comply could result in a civil fine of $500 per day, and up to two years in prison.” Jovanovic explained, “A considerable number of business owners have no idea that this report is mandatory. There are profound consequences if the FinCEN Report (BOI) is not submitted by required deadlines.”
Rex Legal represents more than 1,500 registered companies in the US and Puerto Rico, with more than nine hundred clients from fifty countries. Its experts provide professional services, ensuring clients submit their reports to comply with FinCEN regulations.
According to Jovanovic, “Companies registered this year 2024 will have 90 days to comply. Companies registered before 2024 will have until December 31 of this year to submit their FinCEN report.”
Rex Legal focuses on helping clients in Latin America and the US to establish and navigate legal requirements for companies in the USA.
To learn more about how Rex Legal can help business owners comply with FinCEN, visit https://www.fincen.report/
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Company Name: Rex Legal Business Consulting
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Country: United States
Website: https://www.fincen.report/
