| "So many investors are tired of watching
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| | The LLC enjoys the asset protection of a
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| their retirement accounts dwindle away
| |
| | corporation while it can be taxed as a
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| from the lackluster performance of the
| |
| | partnership. Partnership taxation is
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| stock market, while the value of their
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| | great because the LLC itself will not pay
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| home and surrounding areas increase in
| |
| | taxes. Instead, the owner of the LLC pays
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| the double digits," said Marco Caporale,
| |
| | taxes as if they earned the income. Who
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| President and CEO of Independent
| |
| | is the owner of the LLC? Your IRA is the
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| Executive Management, LLC.
| |
| | owner of the LLC(a tax- exempt entity).
|
| Although using your retirement account to
| |
| | Therefore, you can maximized your
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| purchase real estate does offer the
| |
| | investment and pay no taxes, what a deal.
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| potential for two to three times the
| |
| | What are the "alternative investments"
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| annual appreciation of traditional
| |
| | mentioned above? They are too multiple
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| stocks, it does come with a lot of
| |
| | to mention here but I will try:real
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| regulations and severe penalties, if not
| |
| | estate, other LLC's, franchises,
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| correctly applied. That is why the right
| |
| | unsecured loans, corporations, mortgage
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| account has to be set up, the rules have
| |
| | notes, commodities and futures, joint
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| to be followed and a good custodian can
| |
| | ventures, tax liens and tax deeds,
|
| help. It is not difficult and it can be
| |
| | currency exchange, times shares, limited
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| done and many are doing it and making
| |
| | partnerships, timberland investment, real
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| great money for the future.
| |
| | estatle options, commercial paper, hunt
|
| If you read this far you are thinking, "I
| |
| | lease investments, stocks, bonds, mutual
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| have heard of this before and all I have
| |
| | funds, annuities, ect.
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| to do is open a self-directed IRA."
| |
| | Is the concept of an IRA owned LLC legal?
|
| However, to truly set your IRA free,
| |
| | Yes, and the case Swanson VS. The
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| (what many call checkbook control IRA), a
| |
| | Commissioner in 1996 cleared up any
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| couple of steps have to be taken that
| |
| | doubts that anybody had about this issue.
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| will give you total control of your IRA
| |
| | In this case the court rejected the IRS
|
| funds and profound asset protection.
| |
| | position that the business structure
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| Yes, your IRA's, other retirement
| |
| | constituted a prohibited transaction.
|
| accounts, and other investments are not
| |
| | The IRS was so wrong that the judge had
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| protected from law suits and you can
| |
| | the IRS refund legal fees to MR. Swanson.
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| loose your nest egg.
| |
| | How can you create this magnificent
|
| Let me start by giving you some
| |
| | business structure to increase money for
|
| background information. First of all,
| |
| | your retirement years? Here are the
|
| most custodians, even true self directed
| |
| | simple steps:
|
| custodians, require massive amounts of
| |
| | 1. Open a self-directed IRA account. 2.
|
| paperwork and numerous hoops to jump
| |
| | Transfer your IRA assets to the new,
|
| through in order for you to invest your
| |
| | self-directed IRA account. 3. Establish a
|
| IRA money in an "alternative" investment.
| |
| | LLC in the state of your desire. 4. Apply
|
| This costs you time and money (custodian
| |
| | for your LLC's employer's identification
|
| fees). To more effectively use your IRA,
| |
| | number (EIN). 5. Set up a brokerage
|
| your IRA will instead place all of its
| |
| | account or bank account for your LLC. 6.
|
| assets into a limited liability company
| |
| | When you are ready to invest instruct the
|
| (LLC). Therefore, there is only one
| |
| | custodian to place the IRA assets into
|
| asset to be declared by the custodian to
| |
| | the bank account or brokerage account of
|
| the IRS and this translates to fewer fees
| |
| | the LLC. 6. Start checkbook investing.
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| to you. Notice I did not say that your
| |
| | Finally, you can move into the
|
| custodian manages your IRA. Then who
| |
| | sef-directed IRA owned LLC other
|
| manages the IRA? well, you of course.
| |
| | retirement plans, 401ks, 403B and have
|
| Why an LLC? The LLC gives great asset
| |
| | other investors joint in with you. Good
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| protection and tremendous tax advantages.
| |
| | luck and happy investing.
|
