A PPM should include all of the information for a Reg A registration statement, without certified financials if you are not allowing accredited investors in the offering.
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What should be included in a Private Placement Memorandum for a QOF?
What should be included in a Private Placement Memorandum for a QOF?
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The answer to this question will vary greatly depending on the Opportunity Zone investments that the QOF will make. On top of the generally applicable content in a PPM, a PPM for a QOF will require additional disclosures related to the OZ program. Consult with an attorney who can advise you on securities law and real estate/business syndication matters.
It’s a disclosure document that contains everything including all the rules and hoops in the OZ program.
A QOF or QOZB's PPM should include a detailed description of the investment, the key persons involved, the overall market in which the investment is located, all traditional securities risks, and all risks special to QOZs -- these would include both tax risks and investment risks. For all intents and purposes, it's a regular PPM with special QOZ language added.
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