Limited Liability Companies. Your Self-directed  IRA may invest in a LLC.  The rules and procedures regarding investing Self-directed  IRA or qualified plan funds are the same as with a partnership.

Your self-directed IRA or Qualified Plan may purchase or sell interests in limited partnerships or Limited Liability Companies.

The general rules regarding partnership investments by your Self-Directed IRA are:

• The partnership agreement or Limited Liability agreement must permit an IRA or a Qualified Plan to be a partner.
• The entity must comply with the appropriate state law, have a determinate life, and be assignable.
• The subscription agreement must be signed by you as having been read and approved, and will be executed by the trustee of the Self Directed IRA for the benefit of the IRA. In addition, you will need to have the Trustee purchase the asset on the IRA's behalf.  Your Trustee may have additional requirements.

Keep in mind that partnerships, Joint Ventures, and LLC's may be subject to unrelated business income and other taxes. You should consult your tax advisor for proper direction.

To learn more about our self directed LLC services, set up an appointment for your free consultation today by calling us at (904) 355-8888 or fill out our online Contact Form and one of our business specialists will call you today.