IRA Limited Liability Company (LLC)

IRA LLC Formation

This investment strategy is beneficial for those who want to utilize their retirement funds for alternative investments, such as: real estate, hard-money lending, precious metals, etc.

By allocating funds from their retirement account to an LLC checking account, an investor can have check-writing privileges of their retirement funds. Therefore, if you were to have a rental property as an asset within the LLC and repairs need to be done on the property – the account holder could simply write a check from the LLC bank account and have the repairs done immediately! No need to wait for a couple days for the Custodian to cut a check and mail it to you – along with a fee for doing so.

IRA LLC Benefits

• Personal protection - IRA owners have limited liability on investments, separate from all personal assets.
• Checkbook control - LLC owners have check-writing privileges with the retirement funds.

The SDIRA LLC allows the account owner the privilege to invest in what they want, when they want and how they want. With this structure also comes the responsibility of the account owner to know what is considered a prohibited transaction, and who prohibited parties are. There are quite a few Self-Directed IRA Custodians nationwide that offer great educational information on this topic.

At Paramount Documents we handle the filing and approval of the IRA LLC in whichever state the account owner would like it formed, we also provide the FEIN (taxpayer ID number) and the Operating Agreement. IRA LLC filing fees vary by state but Paramount Documents makes the whole formation process hassle-free.

** If the account owner is interested in purchasing just the Operating Agreement, we can provide that service at a cost of $400.