Get Answers Support BOIR Filing Beneficial Owners Is an updated BOI report needed if a beneficial owner's type of ownership interest changes? Last modified 5/27/2024 5:58:27 AM EST 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 Need more help? Get in touch with our dedicated support team Contact Us (704) 684-4751 support@taxbandits.com Sign Up for a FREE TaxBandits Account! The Smart CPA Choice Register Now Already have an account? Sign in