Is an updated BOI report needed if a beneficial owner's type of ownership interest changes?
74 views |Last modified 8/13/2024 9:45:09 AM EST | Added by TaxBandits Team

No, it doesn't. FinCEN does not require companies to report changes in the type of ownership interest. Updated BOI reports are required only when information about the reporting company or its beneficial owners changes a beneficial owner has in a reporting company.

Was this helpful? Yes No