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Qualified Opportunity Fund Formation & Management

Expert guidance for QOF formation, compliance, and ongoing administration

What is a Qualified Opportunity Fund?

A Qualified Opportunity Fund (QOF) is an investment vehicle organized as a corporation or partnership for the purpose of investing in Opportunity Zone property. QOFs provide investors with a way to pool capital and access professional management while maintaining OZ tax benefits.

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QOF Formation

Complete setup and structuring of your Qualified Opportunity Fund from initial formation through IRS certification.

  • Entity formation and structuring
  • Operating agreement development
  • IRS certification application
  • Regulatory compliance setup
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Compliance Management

Ongoing compliance monitoring to ensure your QOF meets all IRS requirements and maintains tax benefits.

  • 90% asset test compliance
  • Substantial improvement requirements
  • Annual reporting and documentation
  • IRS audit support
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Fund Administration

Comprehensive fund administration services including investor relations, reporting, and operational support.

  • Investor onboarding and KYC
  • Capital call management
  • Distribution processing
  • Financial reporting
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Performance Monitoring

Regular monitoring and reporting on fund performance, compliance status, and investment opportunities.

  • Performance tracking and reporting
  • Compliance monitoring
  • Risk assessment and management
  • Investor communication

QOF Requirements & Compliance

📋 Formation Requirements

  • Organized as corporation or partnership
  • At least 90% of assets in OZ property
  • Self-certification with IRS
  • Proper documentation and record-keeping

⏰ Timing Requirements

  • 180-day investment window
  • Substantial improvement within 30 months
  • Continuous compliance monitoring
  • Annual reporting requirements

🏗️ Asset Requirements

  • 90% of assets in OZ property
  • Substantial improvement requirements
  • Original use or substantial improvement
  • Active business operations

QOF vs. Direct Investment Comparison

🏛️ Qualified Opportunity Fund

Advantages:

  • Professional management and expertise
  • Diversification across multiple properties
  • Lower minimum investment requirements
  • Reduced operational responsibilities
  • Access to institutional-quality deals
  • Built-in compliance monitoring

Considerations:

  • Management fees (typically 1-2%)
  • Carried interest (typically 15-20%)
  • Less control over investment decisions
  • Limited liquidity options

🏢 Direct Investment

Advantages:

  • Full control over investment decisions
  • No management fees or carried interest
  • Direct ownership of property
  • Potential for higher returns
  • Flexibility in operations
  • Direct tax benefits

Considerations:

  • Requires significant expertise and time
  • Higher minimum investment requirements
  • Single property risk
  • Compliance responsibility
  • Operational management required

QOF Formation Process

1

Entity Formation

Form the legal entity (corporation or partnership) and establish the organizational structure with proper governance.

2

Documentation

Develop operating agreements, subscription documents, and all necessary legal documentation for the fund.

3

IRS Certification

Submit self-certification to the IRS and ensure all requirements are met for QOF status.

4

Operations Setup

Establish operational systems, compliance monitoring, and investor relations processes.

QOF Formation Success Story

Multi-Family Development QOF

Challenge: Real estate developer wanted to raise $25M for multi-family development projects across three Opportunity Zones.

Solution: We formed a Qualified Opportunity Fund with the following structure:

  • Delaware LLC structure for tax efficiency
  • Professional management team with 15+ years experience
  • Diversified portfolio across Austin, Denver, and Miami
  • 2% management fee, 15% carried interest
  • Minimum investment: $250K

Results:

  • Successfully raised $25M from 45 accredited investors
  • Acquired 3 development sites within 6 months
  • Projected 15% IRR over 7-year hold period
  • Full compliance with all QOF requirements
  • Investors benefit from professional management and diversification

Ready to Form Your QOF?

Get expert guidance on Qualified Opportunity Fund formation, compliance, and management to maximize your investment potential.