Nature of Business
Real Property Investment, THE PURPOSE FOR WHICH THIS LIMITED LIABILITY COMPANY (LLC) IS FORMED IS TO ENGAGE IN BUSINESS ACTIVITIES WITHIN A DESIGNATED QUALIFIED OPPORTUNITY ZONE (QOZ) AS DEFINED BY THE TAX CUTS AND JOBS ACT (TCJA), SPECIFICALLY SUBCHAPTER Z OF THE INTERNAL REVENUE CODE (IRC), SECTIONS 1400Z-1 AND 1400Z-2, AND ANY APPLICABLE REGULATIONS, GUIDANCE, OR AMENDMENTS THERETO. THE LLC SHALL CONDUCT ITS OPERATIONS WITH THE INTENTION OF POTENTIALLY QUALIFYING FOR TAX BENEFITS PROVIDED UNDER THE OZ PROGRAM.