Samuel Weiser

Managing Member

Foxdale Management LLC

Chicago, IL

More than 35 years of operations, compliance and strategy experience with public and private companies primarily in asset management.

InCall® Rates

Duration Price
30 minutes $200.00
60 minutes $300.00

Tags

#OZ fund administration #Opportunity Zones #Qualified Opportunity Zone Business #OZ Investment Platform

Biography

Samuel Weiser is talented and seasoned executive with more than 35 years of financial management experience in financial services, entertainment and operational consulting. As a CPA, Sam brings a strong knowledge of GAAP and IFRS. His financial accounting skills encompass SEC reporting, domestic and offshore compliance, budgeting, financial modeling, forecasting and investor reporting. His career background includes mergers & acquisitions, public and private capital raising including stock sales, convertibles and debt placement and financial oversight of operations. He also has a strong understanding of managing business risks including cybersecurity, liability management, funding and operations. As a 35-year operations professional, efficiency and effectiveness of structure, controls and professional retention are critical elements of what he can contribute to businesses.

Currently, Sam operates Foxdale Management LLC, a private consulting firm providing operational, restructuring and turnaround, strategic planning and governance consulting. Foxdale has engaged in abroad array of services that include assisting a public company raise $15 million in equity, restructuring a public company that resulted in a 70% reduction in overhead costs, assisted a financial services firm develop and implement a technology enabled fund administration platform purpose built for private equity, venture and real estate funds. Foxdale has also provided interim executive management converting a proprietary trading operation into a hedge fund management organization, raising $15 million of convertible debt for a public company and securing $25 million in seed capital for a start-up fund management firm.

Prior to refocusing on Foxdale, Sam served as Executive Chairman, President and CEO of Premier Exhibitions Inc. In those various roles, Sam oversaw the return of the company to profitability and the expansion of its product line. He secured financing for the company and initiated the acquisition of the company’s largest competitor with no cash outlay and revenue from the seller to manage the existing business at the time of acquisition. As CEO, Sam was heavily involved in preparing SEC filings, handling earnings calls and dealing with shareholders.

In addition to these roles, Sam was also the National Director of Investment Consulting for Ernst & Young LLP overseeing the introduction of the service line on a national level and growing revenue to $100 million in 3 years. He also assisted a family office sponsored multi-advisor hedge fund raise more than $100 million from institutional and high net worth individuals.

Sam also serves on the board of Paragon Technologies, a public company serving as audit committee chair. He has also served on two other public company boards as an independent director. He has also been engaged in youth sports locally having served two terms as the President of New Trier Swim Club (now New Trier Aquatics) and as a volunteer referee for USA Swimming. He has served on other non-profit boards and was Chairman of the Board of the Managed Funds Association which was industry organization representing the alternative investment industry.

Sam obtained a Masters of Accounting from George Washington University and a Bachelors in Economics from Colby College. He is a CPA licensed in Illinois.

Gallery

Education

The George Washington University - School of Business

Master's Degree
1982 - 1984

Colby College

Bachelor's Degree
1978 - 1981

4/18/2019 9:24:31 PM,
Samuel Weiser replied:

You would need to create an entity that operates out of a Qualified Opportunity Zone ("QOZ"). The entity could be a corporation, a Limited Liability Company ("LLC") or a Limited Partnership ("LP"). If the entity is a corporation, you are selling stock to investors. If the entity is a LLC or LP, you are selling interests to investors. Your structure should be dictated by the nature of the business and tax efficiency. Since many Opportunity Zone investors have no basis in their Opportunity Zone investments, a corporate structure would likely be the most tax efficient.

You can solicit investors directly or through a broker/investment bank. The offering would likely be a private placement offering which would require compliance with SEC rules for private placements.

For your investors to receive the tax benefits of a QOZ investment, the operation of the QOZ business must meet requirements of the law and regulations requiring that more than 70% of the businesses tangible property be located in the Opportunity Zone. In addition, the QOZ business would have to derive 50% of its gross income from operations within the Opportunity Zone. There are specific rules for for each of those calculations.

Finding investors and preparing the necessary information (preparing a business plan, creating financial projections, and drafting the offering materials) can be difficult. However, there are lots of outlets for entrepreneurs to reach investors that are looking for QOZ investments including this website. Let me know if I can provide you with more detailed information on raising capital for QOZ investments.