As of January 1, 2024, millions of startups and small businesses must file a Beneficial Ownership Information (BOI) Report with the US Department of Treasury. On October 10, 2023, the Securities and Exchange Commission (SEC) adopted amendments to modernize the rules governing beneficial ownership reporting.1. What is beneficial ownership information? The security holder must file the Schedule 13G within 45 days after the end of calendar year in which the class of securities was registered. You can change a shareholder's beneficial status online. You must have registered for online access and use your account details to log in. The SEC adopted the amendments to Regulation 13D G, particularly, the acceleration of the filing deadlines to report beneficial ownership disclosure. Beneficial ownership reports. This sweeping new law imposes significant reporting obligations upon many types of legal entities, which are now required to report beneficial ownership. The NYTA, once effective, will require beneficial ownership information to be submitted concurrently with the filing of the articles of organization for an LLC.