A Self Directed IRA LLC is easy and quick to set up. Priced at just $800; here is how the self-directed IRA LLC process works.
Step 1: Establish self-directed IRA
Process starts with drafting of a Self-Directed IRA Operating Agreement containing specific IRA language, registering the LLC with the state and obtaining EIN from the IRS.
Step 2: Transfer retirement funds
Transfer/roll over funds from former employer retirement plans or IRAs to new Self-Directed IRA that allows for investing in an LLC.
Step 3: Checking account
As the named manager of the LLC, you establish a checking account for the LLC at any bank of your choice.
Step 4: Funding IRA LLC
The self-directed IRA custodian then processes investment directive and funds the self-directed IRA owned LLC by wiring the funds to the LLC checking account.
Step 5: Investing
After the self-directed IRA owned LLC checking account is funded, begin processing investment purchases.