Andrew Doup Recognized as National “Top 25 Opportunity Zone Attorney” by Opportunity Zone MagazineFebruary 25, 2022
Kegler Brown is pleased to congratulate Andrew Doup on his inclusion among the “Top 25” attorneys nationally for opportunity zone projects, as recognized by Opportunity Zone magazine. Andrew was the only Ohio attorney to make the list.
The magazine’s editors asked Andrew about the new trends he is seeing in the opportunity zone industry.
“I am seeing a preference for high-net-worth taxpayers forming and operating their own self-directed QOF for investment into a portfolio of QOZBs as a family estate planning vehicle. This approach makes sense: it gives taxpayer-investors more flexibility to exit a QOZB investment when the timing is right rather than being locked up for a minimum ten-year period, and it enables QOZB managers to focus on profitability of the business plan rather than fund management. Well-advised QOZB founders will give prospective investors the choice to participate through a self-directed QOF or a founder-managed, fee-free QOF.”
As a core part of his legal practice, Andrew advises taxpayer-investors, fund managers, developers, and entrepreneurs on tax-advantaged opportunity zone transactions. He also authors and speaks publicly on the subject of opportunity zones, providing in-depth, but easily digestible, insights into the processes, requirements, and benefits related to establishing and operating self-directed and syndicated qualified opportunity funds and qualified opportunity zone businesses.
Click here to view the full list of honorees.