You should do the legal paperwork and tax compliance necessary for the business to be a QOZB. You can always have investors form their own QOFs, or form a feeder QOF, to invest in your business. But the business should certainly be a QOZB first.
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How can owners get their business ready for OZ capital fundraising?
I own a business located in an Opportunity Zone, and want to utilize this tax program to invite investment. How should I prepare my business so it's OZ-compliant and ready to receive investments?
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Hire a consultant. It is pretty straight forward. It depends on the size and complexity.
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