“I’m from the government and I’m here to help”. That phrase made famous by Ronald Reagan usually doesn’t seem to apply for everyday investors, but in the case of Qualified Opportunity Zones (QOZ) , it may make sense. If you’re facing capital gains taxes, investing in a QOZ Fund allows you to defer your taxable gains in an unprecedented manner. Listen to this podcast as attorney Mark Roderick from Flaster Greenberg PC explains the many intricacies of this IRS sanctioned program and learn some tips and tricks on how to make this program work for you. They don’t call this “opportunity” for nothing!
Investors interested in crowdfunding deals certainly have their share to chose from. The goal, of course, is to make money with their investments. When that happens and you invest in a winner, you’ll eventually have the taxman at your door for sure. The beauty of Qualified Opportunity Zones is it allows you to place your crowdfunding profits (or profits from anywhere – real estate, stocks, investments, business sales, etc.) into a vehicle that defers 100% of the capital gains until year 2026 (with even greater benefits if you follow some of the insights Mr. Roderick provides in this podcast). As you can imagine, because of the benefits of QOZ investing, there’s a ton of significant money flowing into funds of this sort, where even behemoths like Amazon.com are taking advantage of this opportunity.
But since this is all new, there really aren’t many rules and regulations at this point so it’s important you seek out quality deals. Where do you go to find these qualified opportunity zone funds and reputable sponsors? The QOZ Marketplace is a good place to start! You can also contact Mark Roderick directly at 856-661-2265 or visit his CrowdfundAttny.com website as well with any questions or comments you may have.
ABOUT OUR GUEST: Mark Roderick
Mark Roderick is a very “boring” corporate and securities lawyer at Flaster Greenberg PC in Cherry Hill, NJ. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States.
He writes this widely read blog which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. He can be reached by email or at 856.661.2265.
All information provided is for informational purposes only. This information is not intended as legal or investment advice for anyone to make an investment in any one particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor.