Business Funding Opportunity

Do you have a business that is in an Opportunity Zone or would move into an Opportunity Zone if funded?

Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in distressed communities throughout the country and U.S. possessions by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Business while meeting other requirements.

An opportunity zone is an economically distressed community where new investments, or support of a growing business, under certain conditions, may make the investor eligible for preferential tax treatment. Localities qualify as opportunity zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.

Opportunity zones are an economic development tool—that is, they are designed to spur economic development and job creation in distressed communities.

The investor gets the tax benefits, the business gets the investment. The Investor or investor group does not need to have a business in an opportunity zone. All the investor needs is a capital gain tax problem and to re-invest a recognized gain in a Qualified Opportunity Business and elect to defer the tax on that gain. The capital gain can come from any source, real estate, selling a car, a painting, stocks and bonds any gain that becomes a capital tax problem.

The list of designated Qualified Opportunity Zones can be found in IRS Notices 2018-48 (https://www.irs.gov/pub/irs-drop/n-18-48.pdf  PDF) and 2019-42 (PDF).  Further, a visual map of the census tracts designated as Qualified Opportunity Zones may also be found at Opportunity Zones Resources (https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx).

To become a Qualified Opportunity Business, an eligible corporation or partnership self-certifies with the IRS. A LLC that chooses to be treated either as a partnership or corporation for federal tax purposes can organize as a Qualified Opportunity Business.

Now

How Do,
We help

We help you get organized, run the funding activity, help you with a business plan and go out and with some luck and your good presentations find funding for your business from people and groups that have a capital gain tax problem.

The process takes about nine months, and you pay us a retainer each month for these nine months; the amount varies from $5,00 to $10,000 a month depending on your readiness and how much preparation we need to complete for your business.
Then we attempt to find you the investor(s) to grow your business and we charge the business a fee of 6% to 8% (again depending on your business and the degree of difficulty). The retainer is deducted from the fee.

We only take accounts/businesses looking for greater than $3 million USD and no larger than $20 million USD.

Let’s talk and see if there is a fit for your business and our business.
Contact us at: (310)935-1518 ext. 101 ask for Robert Whyte, our CEO and Founder
robert@OZdirect.biz

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