For example, is the interest of a limited liability company considered a security?
Yes, LP and LLC interests in QOFs are generally considered securities, especially if you're syndicating them. If you have a closely held QOF, you might be exempt from certain securities laws. This requires consultation with an attorney who concentrates in securities law.
Yes, it's a type of securities.
It's subject to securities law.
OZF is going to be subject to pretty much the same SEC rules and offering rules pertaining to partnership and LLC structures.
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