Tax Planning
QOZs
Qualified opportunity zones, or QOZ’s, are specific geographic areas designated by the government to encourage economic investment and development. They provide tax deferral and tax-free growth and encourage investors to fund projects that support local businesses and create jobs. Deferred taxes increase investment appeal, driving economic development and revitalization. These zones aim to promote long-term benefits for investors and communities alike.
Drilling Funds
Drilling funds are essential financial resources utilized in the exploration and extraction of oil and natural gas. These funds play a critical role in covering the various costs associated with drilling operations, including equipment, labor, and site preparation. Without adequate drilling funds, companies may struggle to undertake new drilling projects or expand existing ones, thereby impacting their overall production capacity and profitability.
DSTs
Delaware Statutory Trusts, or DSTs, are legal entities created under Delaware law that provide a flexible and tax-efficient framework for individuals and organizations to pool their resources for real estate investments and other purposes. These trusts offer a variety of benefits, including liability protection and the ability to pass income directly to investors without incurring corporate-level taxation.