Careers

Diversity, Equity & Inclusion

Experience

Innovation

Interactive Maps

Locations

About

Pages

Meet our team of innovators
Ask us how we do it

Professionals

Insights

Services

Home | Thompson Hine LLP

Atlanta

Chicago

Cincinnati

Cleveland

Columbus

Dayton

Los Angeles

Minneapolis

New York

Washington, D.C.

For those wishing to establish a truly local small business – such as a restaurant or retail operation – that will generate at least 50% of its income from within a QOZ, we can help structure a business in a QOZ that can qualify for the benefits of the program.

contentpilot/introduction

Unfortunately, the regulations released in October 2018 pose a problem for most businesses and for those who wish to invest in them if the cash investments are applied to operations other than real estate and if expected income is derived from sales and licenses outside of a QOZ. This was not anticipated from a bill that was expected to have great positive impact on new jobs. We have already submitted a <a href="//www.thompsonhine.com/uploads/1135/doc/OpportunityZonesAndStartups0.pdf" target="_blank" rel="noreferrer noopener">comment document</a> to the IRS and suggested changes that would allow investment in new businesses across the spectrum. We will be monitoring regulations as they are released and will release updates via our client alerts.

core/paragraph

<a href="https://www.thompsonhine.com/professionals/coleman-michael" target="_blank" rel="noreferrer noopener">Michael Victor Coleman</a>

Business Startups