Although IRC Section 1031 exchanges may seem simple, that’s not always the case. Understanding the nuances of Section 1031 can make or break the success of your exchange. Here’s one example of a common misconception that can disqualify an otherwise straightforward 1031 exchange: How many times have you heard that you have 6 months, or [...]
At its root, the purpose of third-party fund administration in the private equity space is to lift burdensome administrative responsibility from your core team — to handle the middle- and back-office requirements of fund management efficiently, and at scale, so you can focus your internal efforts on raising and investing capital. Given that efficiency is [...]
Read the article Compared to other Citizenship/Residency by Investment programs globally, the EB-5 visa isn’t structured very attractively. For one, it’s more expensive than most countries’ programs (which average about $350,000 USD). The majority of other countries also do not require proof of job creation, and the investment can be made directly into [...]
Senator Tim Scott (R-SC), one of the drafters of the Opportunity Zones tax incentives, recently published an open letter (co-signed by 15 other senators and representatives) to Treasury Secretary Steven Mnuchin addressing the Treasury's first set of proposed regulations on Opportunity Zones, which were released in October. In the letter, the authors praise certain aspects [...]
“State of the Opportunity Zones Industry: Q1 2019” An NES Financial Webinar Wednesday, February 13 | 11 AM Pacific | Free Register Now It’s almost time! Our next Opportunity Zones webinar will be held this Wednesday, February 13th. Register now, and listen in as thought leaders from across the industry — including Steven Polivy [...]
“State of the Opportunity Zones Industry: Q1 2019” An NES Financial Webinar Wednesday, February 13 | 11 AM Pacific | Free Register Now Our upcoming Opportunity Zones webinar promises to be a good one. Tune in this Wednesday, February 13th, and hear what the following panel of industry experts has to say: Ira [...]
NES Financial will host a “State of the OZ Industry” webinar on February 13th. Intended for current and aspiring fund managers, developers, entrepreneurs, community leaders, and tax and securities attorneys, as well as OZ Fund investors, the webinar will bring expert panelists from each facet of the industry together to report on the evolving market and regulatory conditions [...]
Today, the innovative fund administrator NES Financial announced that it has contracted with Opportunity Fund management firm Propel, Inc., to provide its purpose-built fund administration suite to their new Opportunity Fund. The tax incentives associated with the Opportunity Zones program were created to encourage long-term investment into targeted economically distressed areas across the country. Opportunity Zone investments offer [...]
A year after the Investing in Opportunity Act was passed, the industry it created is now hitting full stride: Opportunity Zone Funds all over the country have opened for business and begun accepting investment. However, 2019 will be a true test of the nascent program. Will Opportunity Zones succeed in their objective of directing much-needed [...]
The IRS has confirmed that the public hearing previously scheduled for Thursday, January 10, which was cancelled due to the federal government shutdown, has now been rescheduled for February 14 at 10 a.m. Eastern Time. The hearing will allow stakeholders to provide their views on the first set of proposed regulations on Opportunity Zones, released [...]
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