Establishing a Self-Directed IRA

First option: If it is an individual IRA, then our company will set up an IRA with a custodian who allows a self-directed IRA. We will then coordinate the funding of the new self-directed account. The taxpayer directs the custodian to have the IRA acquire the next investment.

Second option: IRA-LLC (Derived from legal tax case in 1996: Swanson v. Commissioner.) The IRA-LLC is a unique Limited Liability Company created with very specific language meeting the Internal Revenue Service and Department of Labor’s stringent requirements to ensure the integrity of your IRA.

After the IRA-LLC is created the custodian is directed to fund a new bank account of which the LLC is the owner. The IRA’s beneficiary can be the manager of the LLC and the signer on the account. It is possible to simply write a check or use the bank account’s debit card when acquiring the next investment.
STEPS to a truly self-directed IRA with checkbook advantage

Why A Checkbook IRA?

Checkbook Control: With an IRA Advantage checkbook structure you are truly in control of your retirement account. An IRA-LLC is created and is the owner of the bank account. You can even be the manager of the LLC and signer on the account. You can simply write a check or use the bank account’s debit card when acquiring your next investment.

Protection: Your retirement assets are protected from lawsuits under your new IRA-LLC.

Delays: Acquire the investment when the opportunity arises. You no longer have to wait for your IRA’s Custodian to approve the issuing of funds, simply write the check when needed.

Fewer Fees: You will no longer incur a fee every time a transaction is made. Your custodial fees will be minimized as your IRA now has one asset, the LLC.

Leverage: Your new LLC may have multiple members/investors. Relatives or friends may have IRA funds to invest along with you.

Interest: Your uninvested funds grow in interest bearing accounts you control.