OZ Pros: QOZ & QOF Formation & Compliance

Schedule Your OZ Strategy Call

Step 1. Get started today by scheduling your one-on-one Opportunity Zone Strategy Call with OZ Pros…


Step 2. After your one-on-one Opportunity Zone Strategy Call, we have options for Done-For-You OZ fund and business formation. We also have packages to help with a pro forma, pitch deck, PPM, and much more.

About OZ Pros

The OZ Pros team is here to help you navigate the Qualified Opportunity Fund (QOF) and Qualified Opportunity Zone Business (QOZB) entity formation process.

Ashley Tison

Ashley Tison


Ashley is founder of OZ Consultants. He has extensive real estate experience, acting as general counsel to several firms and advising on document review, litigation support, business risk management, and operating contracts.

Jimmy Atkinson

Jimmy Atkinson

OZ Expert

Jimmy is founder of OpportunityDb.com and host of the the Opportunity Zones Podcast, two of the leading online resources for Opportunity Zone education for investors, developers, and tax professionals. His background is in economics and Web marketing.

Opportunity Zone Services Available

State Filing

File your Articles of Organization with your state of choice.

QOZB Creation

Articles of Formation, Operating Agreement, and EIN for the fund's underlying QOZB.

Construction Contract

Agreement between developers and contractors for smooth construction.

Pro Forma

Cash flow projections and ROI for your Opportunity Zone real estate project.

Registered Agent

Designation of a registered agent to receive service process in your state of choice.

31-Month Business Plan

Safe harbor working capital written plan for substantial improvement.

Pitch book & PPM

Take your fund to market, and soft-circle capital with marketing documentation.


Ongoing administration to help keep your OZ fund in compliance with IRS regulations.

Frequently Asked Questions

Any partnership or corporation can self-certify as a Qualified Opportunity Fund by filing IRS Form 8996 annually with its federal tax return. Each proposed Opportunity Fund must identify and commit their investments to specific community benefit outcomes. The key is to be able to have a robust audit trail to support the fund’s certification in the event of an IRS challenge. For this reason, it is imperative that your fund’s documentation be prepared properly at the outset.

We can deliver your organizing documents within 2 business days for a simple fund. More complex structures may take longer. Contact us for more information.

No. That said, most of the syndicated Qualified Opportunity Fund offerings are performed via SEC Regulation D, Rule 506(c), which requires that all investors be accredited. But non-accredited investors can participate in a direct placement deal by creating their own Qualified Opportunity Fund.

No, an investor can invest in a Qualified Opportunity Zone Business (QOZB) only through a Qualified Opportunity Fund (QOF) in order to qualify for associated tax incentives.

Qualified Opportunity Funds (QOFs) can invest in any Qualified Opportunity Zone Property (QOZP), including stocks, partnership interest or business property (so long as property use commences with the fund, or if the fund makes significant improvements to the qualifying property). The typical best practices structure is for the QOF to own a Qualified Opportunity Zone Business (QOZB), which owns Qualified Opportunity Zone Business Property (QOZBP). See the below answer for additional information.

No, but the best practice will be to have an underlying Qualified Opportunity Zone Business (QOZB) entity in order to take advantage of the 70% asset test at the QOZB level, as opposed to the 90% asset test at the QOF level.

File in either your home state or Delaware if you are going to be raising a significant amount of money. South Carolina is a great option as well because they do not have any annual filing fees.

Typically, the QOF should be an LLC. Most QOFs will want passthrough tax status and not be burdened with double taxation on distributions. For funds that invest in operating business (as opposed to real estate), it often times is beneficial to set up the fund’s underlying QOZB entity as a C-Corp to obtain a tax arbitrage benefit.

Absolutely not. Instead of thinking, “How long do I have to hold this?” you should be thinking, “How long can I hold this?” The IRS has basically created what we have termed the OZ Self-Directed Super Roth IRA™ with the Opportunity Zone incentive. You get to invest with tax-advantaged dollars. The appreciation on the new investment grows tax-free, and (if held for 10+years) the money comes out tax-free as well. Tax-free compounding is the eighth wonder of the world, as it is a significant wealth creation opportunity. Investors should be figuring out how they can keep their investments inside of such tax-advantaged vehicles for as long as possible.

OZ Pros help with all of your Qualified Opportunity Fund and Qualified Opportunity Zone Business needs.

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