A BOI Report need only be submitted once, but once filed, it must be updated within 30 days of any change or correction of the information last reported.
For example, if there is a change in ownership of the reporting company, an updated BOI report must be filed within 30 days to report the new beneficial owners. Similarly, if the residential address of a beneficial owner changes, the new address must be reported on an updated BOI report within 30 days of the change in residence.