Our Self Directed IRA Process

Making an investment through our Self-Directed IRA structure can be done in a few easy steps:

1. We Form a Self-Directed IRA LLC:
   Please remember that this LLC has to fully comply with IRS codes and requires a special operating agreement and subscription. It's important that this is done in the correct order to comply with IRS codes. Many people think forming a Self-Directed IRA LLC is as simple as forming a standard LLC. However if this is not done correctly it can invalidate the structure which can result in penalties and tax consequences.
2. We create a Self-Directed IRA LLC Operating Agreement:
   The standard LLC Operating Agreement will not meet the requirements for your Self-Directed IRA LLC. In general, a Self-Directed IRA LLC Operating Agreement should include special tax provisions relating to "Investment Retirement Accounts" and "Prohibited Transactions" pursuant to Internal Revenue Code Sections 408 and 4975. In addition, since the LLC will be managed by a manager and not the member, the Operating Agreement would need to include special management provisions. It is extremely important to have a properly prepared Operating Agreement to fit the needs of your LLC and meet the requirements of the Internal Revenue Service for a Self-Directed IRA LLC. In fact, a copy of the LLC Operating Agreement will be required by the Custodian and also by the bank where you will have your LLC's checking account.
3. Our structure has been fully approved by our tax-attorney who is a leading authority in the area of IRA taxation.
4. We work with several Self-Directed custodians to set-up your Self-Directed IRA account.
   A Self-Directed custodian is a custodian, often called a passive custodian, who allows alternative investment vehicles and who does not give advice or sell products. We handle the complete process for you.
5. Open a bank account for the IRA LLC
   We then arrange for a checking account to be opened in the name of the LLC and for the funds to be transferred from the accountholders IRA established with our custodian to the new opened IRA LLC checking account.

What is a Self Directed IRA? >>> Self Directed IRA Advantages >>> Prohibited Transactions >>> Disqualified Person(s)
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