OZ INVESTED simplifies Qualified Opportunity Fund (QOF) administration for clients with existing funds by providing a comprehensive fund administration service package designed to meet both the needs of our clients and their investors that efficiently manages all aspects of their Opportunity Zone investment.
Our Firm will provide a checklist for the QOF to provide its investors can make an investment into the QOF.
Our Firm will prepare the initial Form 8996 for the QOF and provide the information necessary for the Form 8997 for investors.
Our Firm will make all required filings with the SEC depending upon the Client's targeted investors.
Our Firm will prepare and provide clients with a 31-month working capital safe harbor plan, and a 62-month working capital safe harbor plan when applicable.
Our Firm will provides clients with a license to our Opportunity Zone Tax Simulator which allows users to test investment compliance based upon the user’s investment structure. Our Firm will customize our Opportunity Zone Tax Simulator to match our clients investment structure.
Our Firm will establish secure accounts for the QOF into which client and their investors can make investments into the QOF. Our Firm will also manage the account and invest proceeds into the QOZB at the clients direction.
Our Firm will manage the business accounting for the QOF and maintain its capital accounts, if necessary. In managing the QOF, the Firm will coordinate with accountants designated by the client to manage accounting for the QOZB.
For the duration of the investment, our Firm will test and certify QOF compliance every 6 months to ensure compliance with all relevant provisions of the Code and Regulations. Our Firm will also test QOZB compliance to ensure compliance with the provisions of the Code and Regulations at the end of each QOZB taxable year.
Our Firm will consult with QOZB accountants designed by the client and provide the accountants a compliance checklist to expedite their reporting. Our Firm will also receive and retain quarterly updates from accountants and analyze any potential issues compliance issues that may arise.
Our Firm will file all required Federal income tax returns for the QOF and provide our clients and their investors with copies. Additionally, our Firm prepares and files the Form 8996 for the QOF and provides clients their investors information necessary to complete their Form 8997.
Our Firm will provide annual updates to our Opportunity Zone Tax Simulator to mirror investment performance and update projections.
Our Firm will provide semi-annual reports identifying QOF performance, projections, and compliance testing results for clients and their investors.
Our Firm will manage the receipt of proceeds received by the QOF from its QOZB investments. Our Firm will also dissolve and liquidate the QOF and distribute sale proceeds out to the clients and their investors.
The Firm will prepare and file all business dissolution documents and final Federal business tax returns for the QOF. The firm will also prepare and file the final Form 8996 for the QOF and provide the Form 8997 information necessary for the Client and their investors.
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