Professionally managed OZ structure and compliance
Get the structure right on day one.Keep it right for ten years.
QOZB Management structures, tests and reports for Opportunity Zone funds and qualified opportunity zone businesses (QOZBs) across the full ten-year hold, nationwide.
Track record
Our track record
- in direct Opportunity Zone management, across funds and QOZBs
- ~$500M
- dollars of Opportunity Zone structural work
- Multi-billion
- Opportunity Zone projects in the United States, led by our team
- One of the largest
Experience of the QOZB Management team. Figures are approximate. We work alongside leading Opportunity Zone counsel and advisors, not in place of them.
OZ 2.0 is here
The rules are changing. The dates are set.
OZ 2.0 is in effect. Here’s what changed.
December 31, 2026
Original-program deferral ends
Deferred gain from OZ 1.0 investments is recognized, and it’s the last day to invest under the original rules.
IRS Notice 2026-40
December 31, 2026
Original-program deferral ended
Deferred gain from OZ 1.0 investments was recognized, and new investments now follow the OZ 2.0 rules.
IRS Notice 2026-40
January 1, 2027
The first OZ 2.0 zones begin
New designations take effect for ten years, under a stricter tract test. Most original zones expire at the end of 2028.
Rev. Proc. 2026-14
January 1, 2027
The first OZ 2.0 zones began
New designations took effect for ten years, under a stricter tract test. Most original zones expire at the end of 2028.
Rev. Proc. 2026-14
Every year
Reporting with real penalties
Expanded fund returns and business statements, with penalties of $500 a day, up to $10,000 per return ($50,000 for larger funds).
26 U.S.C. §§ 6039K, 6726
In Opportunity Zones, compliance isn’t an administrative burden. It’s a strategic imperative.
Sophisticated sponsors know that long-term success depends on getting the details right from the beginning, and on disciplined compliance every step of the way. QOZB Management helps protect your project, your investors and the tax advantages that make Opportunity Zones so powerful.
What we do
Four services, one lifecycle
From formation through exit, each service builds on the records and decisions of the one before it.
- Structure & FormationDesigning the fund and business structure so the project can pass its tests for the full hold.
- Ongoing Compliance & TestingMonitoring the fund and business tests continuously, so issues are caught while they can still be fixed.
- ReportingOrganizing the information behind required filings and keeping investors informed with clear, consistent reporting.
- Exit & LifecycleKeeping the project on track for its hold-period milestones and preparing for a well-documented exit.
Structure & compliance
Professional structure is no longer optional in OZ 2.0
Many of the most common Opportunity Zone compliance issues can be avoided with proper structure from the outset. And some of the most significant risks emerge long after closing, inside the obligations that govern the program. We treat structure and compliance as one discipline, for the full life of the investment.
Foundational design
The structure set at the outset can shape a project’s success for years to come.
Entity architecture
A durable OZ framework depends on careful coordination between every entity involved.
Risk avoidance
Many of the costliest OZ problems start with structural decisions made too quickly, or without specialized guidance.
Ongoing compliance
Not a one-time exercise. It demands continuous oversight from formation through exit.
Reporting obligations
Accurate reporting takes disciplined processes, complete records and careful coordination over many years.
Long-term stewardship
Preserving OZ benefits takes dedicated management for the full investment lifecycle.
The lifecycle
One partner for the full ten-year lifecycle
Most OZ risk doesn’t live at closing. It accumulates over a decade of decisions, tests and filings. We stay with the project from formation through exit.
Day one
Formation
Fund and business structure, entity architecture and documentation, alongside your counsel.
Early years
Deployment
Planning and tracking capital deployment against the program’s requirements.
Through the hold
Operations
Ongoing testing, recordkeeping and reporting, year after year.
Year 10 and beyond
Exit
Preparing for a clean exit and the hold-period milestones it depends on.
What you get
Work you can see, every period
We work alongside leading Opportunity Zone counsel and advisors, not in place of them. Your attorneys and CPA make the legal and tax calls; we make sure they have the data, the testing and the records to make them well.
Documented testing
Fund and business tests run on schedule, with workpapers showing how every conclusion was reached.
A reporting calendar
Every filing and statement for the project, with dates and a named owner, well ahead of deadlines.
Data ready for OZ 2.0 reporting
The tract, property, unit and employee information the new returns require, captured as the business operates.
Early warning
Trends that could cause a future test to fail, flagged while there’s still time to correct course.
Plain-language investor updates
Consistent compliance reporting your investors can read, period after period.
An audit-ready file
A complete compliance history from formation through exit, ready for auditors, buyers and advisors.
Leadership
Operators and counsel, at the same table
Dr. Jeff RichmondManaging Partner
Michael KruegerPartner · OZ & Securities CounselPartner, Lucosky Brookman LLP
Common questions
Opportunity Zones, answered
Short answers, sourced to the statute and IRS guidance. For depth, see OZ 2.0 and our Guides.
What is a qualified opportunity zone business (QOZB)?
A QOZB is a trade or business owned by a qualified opportunity fund through stock or a partnership interest. Substantially all (at least 70%) of its tangible property must be qualified opportunity zone business property, at least 50% of its gross income must come from the active conduct of business in the zone, and it must meet intangible-property and financial-asset limits and avoid certain excluded businesses (26 U.S.C. § 1400Z-2(d)(3)).
What changed with OZ 2.0?
Public Law 119-21, signed July 4, 2025, removed the program’s end date and created new designation rounds every ten years. For amounts invested after December 31, 2026, deferred gain is recognized after five years (or on an earlier sale), basis rises 10% (30% in a qualified rural opportunity fund) and the ten-year exclusion is limited to 30 years. Funds and businesses also face expanded reporting with penalties.
When do the new Opportunity Zones take effect?When did the new Opportunity Zones take effect?
What happens to existing OZ investments at the end of 2026?What happened to OZ investments at the end of 2026?
How do I know if a property is in an Opportunity Zone?
Find the property’s census tract and check it against the official lists: the original 2018 designations (drawn on 2010 tract boundaries) and, for OZ 2.0, the IRS list of eligible tracts and, once published, the 2027 designations. Our free tract lookup does this for any U.S. address.
Does QOZB Management replace our attorneys or CPA?
No. We work alongside your counsel and tax advisors. They advise on the legal structure and make the tax determinations; we provide the operational side: structure review, ongoing testing, records, reporting support and the compliance calendar, for the life of the investment.
QOZB Management works alongside your legal, tax and financial advisors. Nothing on this website is legal, tax or investment advice, and no outcome is guaranteed. Consult qualified counsel about your specific situation.
Talk to us before the structure is set.
Whether you’re forming a new fund or bringing an existing project into compliance, we’ll tell you plainly where you stand.