Ask A Question

How can I best check that a QOF comply with all standards so my investment is safe?

What are the rules about the fund monitoring itself or hiring a third-party to perform that role?


Answers
  • Matthew Rappaport
    November 26, 2020

    Depends on whether you are syndicating or private. If you're doing a private investment, you'll at least need an attorney and an accountant. If you're syndicating, your responsibility is to your investors, and you'll need to go the extra mile perhaps task your in house staff with compliance aspects or hire a consultant in addition to the other professionals.

  • DISCLAIMER: 

    the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal and financial experts prior to participating in any aspect relating to Opportunity Zones. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public; do not include confidential information in your question.