IRA LLC Setup Process

Steps to Successfully Setting up the IRA LLC

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 traditional or Roth 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.

Our team will help prepare the traditional or Roth IRA applications, and get the transfer paperwork ready for you to submit to the custodian.

While your IRA account opening and rollovers/transfer is in progress, our team will form your new Special Purpose LLC. The member of the LLC will be your [Roth or traditional] IRA and you will be the manager. Our team will obtain a new tax ID number for your LLC and we’ll even help you open a bank account for the LLC. This way, you have complete “checkbook control” of the IRA funds once they are invested into your LLC.

Once the rollover funds are received by the IRA custodian, we’ll help you submit the Investment authorization form so the custodian will send the funds to the LLC you manage.

The final step is for you to have the [traditional or Roth] IRA funds invested from the custodian into the LLC. You’ll get a check or wire into the LLC bank account and you’re ready to start investing with complete checkbook control!

 

Steps to Success

  1. Open IRA and begin rollovers/transfers
    Our team will prepare the [traditional or Roth] IRA applications and transfer paperwork. All you need to do is confirm the information is correct, sign, and send to the custodian.
  2. Form the LLC
    Let our experts form your LLC! We’ll gather some basic information from you, and then take care of the rest. Our team will form your LLC with the Secretary of State, obtain Registered Agent service for your new LLC and obtain a new tax ID number for the LLC. We’ll also make sure your annual renewal with your Registered Agent and Secretary of  State is setup so keeping your LLC current is a breeze.
  3. Submit investment authorization to IRA custodian
    Your IRA LLC support team is here to ensure your [traditional or Roth IRA] funds are invested into the LLC you manage so you have complete checkbook control. Your IRA LLC support team will prepare the Investment Authorization form and supporting documents for you to sign and send into the IRA custodian.
  4. Receive funds from the IRA into the LLC
    The IRA custodian will send a check or wire to your new LLC bank account so you can invest the funds your way. Need help getting an LLC bank account? Let our support team make things easy and introduce you to our preferred trained banks and bankers who will open your LLC account with you at the helm.
  5. Begin investing
    Now that your [traditional or Roth] IRA funds have arrived in your LLC bank account, you’re ready to start investing. Real Estate, cryptocurrencies, private notes, lending, private equity – the options are almost endless when you have checkbook control through our IRA LLC. We’re here to support you every step of the way!

The IRA LLC Setup Process

The Checkbook IRA, or IRA LLC has been considered a legitimate self-directed investing structure for investors since 1989. It’s a powerful alternative for those who are ineligible for the Solo 401k. The IRA LLC structure was tested in tax court in 1996 and won, proving its legitimacy to the investing world.

Your Investments can be self-directed and you get “Checkbook Access” by having an LLC. 

Open Your New IRA Account

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 Special Purpose LLC

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.

We’ll form your Special Purpose LLC in Wyoming, which has special benefits. Wyoming invented the LLC structure in the 1970’s. Additionally, they don’t list any member/manager information on the Secretary of State website, so your information is private. Finally, they have the strongest charging order protection, which means the member of the LLC (your IRA) is safer in a lawsuit.

Choose Your LLC Name

Your Special Purpose LLC is just for you! Feel free to get creative and have fun naming your LLC. Our resources help you check on the name for your LLC to ensure it’s one-of-a-kind and not already taken. Helpful hint: avoid using words like financial, bank, insurance, etc. 

Get your LLC documents

Once your LLC is formed, we’ll send you all the documentation you need including Articles of Organization, your Operating Agreement and LLC Minutes. We’ll even get your EIN (Employer Identification Number) so you can open a bank account in the name of your LLC. Our team of experts is standing by to help so you can use the IRA LLC to invest and grow your wealth.

Open 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.

Transfer your Funds

Transferring funds into your newly formed IRA is easy and we’ll provide all the relevant paperwork you need to bring your funds into your new IRA from almost any other retirement vehicle (401k, 403b, Thrift Savings Plan, existing Self-Directed IRA, etc).

Once your funds are in your LLC bank account, you’ll have total checkbook control and you can start investing, growing and protecting your wealth and controlling your destiny!

Your IRA LLC: What You Need To Know

Easy and compliant account setup

Your new traditional or Roth IRA can be set up in just a few business days. Our Unlimited® Investing Platform is the first of its kind and is the most powerful investing platform in the world.

Unlimited® Investment Options

Complete checkbook control of your LLC means you can invest in almost any traditional or alternative asset, including Real Estate, Tax Liens, Pre-IPO, Tax Deeds, Private Equity, Promissory Notes, Cryptocurrency, Precious Metals, Private Businesses, International Investments and more.

White-Glove Banker Access

Your LLC bank account can be opened effortlessly with the expertise of our preferred banker. Our preferred bankers have been extensively trained to assist you in executing any transactions needed with your LLC bank account swiftly so that your deals close on time.

Investor Alerts

We’ve helped thousands of Self-Directed Investors successfully complete hundreds of millions of dollars of transactions using their IRA LLC and Solo 401k. With the ever-changing economic climate, you need to stay informed. Our experts read the markets and global landscape to ensure you’re in the loop with up to date investor alerts on what strategies we’re using profitably and what we’re changing about our strategy so you have the opportunity to stay ahead.

Solo 401k

$49
/month
No setup fee
What You Get
Questions?

Use the chat on the bottom right or call us at (877) 765-6401