The IRA LLC is also known as the Checkbook IRA and it’ s great solution to taking back control of your retirement funds if you aren’t eligible for the Solo 401k.
Self-Directed IRAs have been around since the 1980s, and real estate has been the most popular alternative investment. IRA accounts are required by law to have a holding institution called a “custodian.”
Over the years, custodians have been sued so many times that it has created bureaucratic red tape that slows transactions down. In the 2000s in particular, the transaction processing delays killed countless investment deals that would have been profitable.
Trailblazing attorney Debra Buchanan developed a solution to pair a custodian self-directed IRA account with a special-purpose LLC. The LLC is designed specially to be compliant with IRA laws and regulations.
Jeff Nabers, Founder and CEO of Nabers Group worked side-by-side with Debra Buchanan to bring the IRA LLC to the self-directed investing community.
If you aren’t eligible for the Solo 401k, you can still capture some of the benefits of self-directing your own retirement account. You get “Checkbook Access” to invest in what you want, when you want. You can setup the IRA to be a traditional or Roth account and each can invest in your LLC.
Is this the same as a Self-Directed IRA?
The IRA LLC solution combines the best aspects of a Self-Directed IRA, namely the freedom to invest in alternative assets with the flexibility of running your own Special Purpose LLC, where you retain full checkbook control.
With the Self-Directed IRA, the custodian is still in control of your IRA funds, so you often pay transaction and/or asset fees, high annual maintenance fees and have to ask permission from you custodian every time you want to do a deal.
When you set up an IRA LLC with us, we walk you through every step of the process to opening your IRA compliantly, forming your Special Purpose LLC and getting the checkbook control in your hands.
What’s Included in the IRA LLC?
Traditional or Roth IRA Set up
Setting up a traditional or Roth IRA for your IRA LLC is easy. When you set up your IRA LLC with us, we make the process smooth, compliant and easy for you so you can get on with your investing and doing deals!
Our team of experts will help you swiftly and thoroughly complete your IRA application so your account can be opened in just a couple business days.
IRA accounts are tied to the individual, so that keeps things simple. IRAs can receive rollovers from any other “defined contribution” type of retirement account such as another IRA, 401(k), 403(b), 457, SIMPLE IRA, SEP IRA, Keogh, etc. IRAs can also be self-directed. You designate the beneficiary for your IRA to ensure your loved ones are well cared for.
Your new LLC serves a special purpose, which is to be the investment vehicle for you IRA funds.
Once you IRA is established, you can invest into the LLC, which you directly control. When the funds are invested in your LLC, you can proceed to invest in any number of alternative assets, including (but not limited to) tax liens, real estate, tax deeds, private businesses, precious metals and more.
While you can form a Special Purpose LLC in just about any state, there are certain states that are far more favorable to the accountholder than others.
We specialize in research for self-directed investing and have done extensive due diligence to find the best states to form these Special Purpose LLCs. We like Wyoming because their state fees are often less than most other states. Additionally, Wyoming doesn’t have any business license fees or officer filing fees. Wyoming provides superior asset protection and business privacy through anonymity in LLC formation.
Your LLC Bank Account
As the leader in Self-Directed Investing, we have preferred bankers ready to assist you and provide white-glove service in opening your LLC bank account effortlessly and compliantly. You can also open a checking account in the name of your LLC at your favorite bank or brokerage firm, though we strongly recommend you let us support you to avoid any hiccups for this unfamiliar with the IRA LLC structure. Your LLC bank account is there to provide you complete checkbook control for investing with your IRA funds.
Purchasing assets and investments inside your IRA LLC is where the fun begins and where your profits can compound into even more substantial wealth building. As a valued IRA LLC accountholder, you’ll receive access to our dealmaker resources to invest in bitcoin and other cryptocurrencies, real estate, precious metals, loans, tax liens and more. Nothing stands in your way of making investments that are smart, legal, and lucrative.
Repeat and Multiply
You’ll still have access to our Unlimited® Investing Platform, the first of its kind and the most powerful investing platform in the world. We’re here to support you every step of the way. Use your IRA LLC account to invest in as many assets as you choose, on your own schedule.