A Qualified Opportunity Fund (QOF) is a self-certified designation. You need to complete IRS Form 8996. However, to operate as a QOF without negative tax implications for your investors, you need to have at least 90% of your QOF assets invested in a designated Opportunity Zone. Creating a vehicle to accept investment capital requires forming a partnership or corporate vehicle and having legal documents prepared for your investors to review and execute. To attract investors, you will need to prepare due diligence information related to the qualified Opportunity Zone business(es) or qualified Opportunity Zone property(ies) in which the QOF assets will be invested. You can find service providers like ours that will help you with the formation issues you need to address to get the entity funded and to provide ongoing support services to keep investors informed about the status of the underlying investment(s).