tm logo

Frequently Asked Questions

In what situations might an IRA LLC be required for purchasing complex assets?

An IRA LLC, or Individual Retirement Account Limited Liability Company, may be required for purchasing complex assets in several situations. One of the primary reasons is when you want to invest your IRA assets in non-traditional investments. Traditional IRA custodians often limit certain investments, making it challenging to diversify your portfolio with both traditional and non-traditional assets. An IRA LLC provides the flexibility to invest in a wider range of assets. Another situation where an IRA LLC might be necessary is when you want to have checkbook control over your retirement funds. With an IRA LLC, you can establish a business checking account to hold the LLC assets, providing you with greater investment flexibility and ease of managing your retirement assets. If you're considering purchasing an asset that requires pooling funds from multiple investors, an IRA LLC can be an effective solution. LLCs don't have a cap on the maximum number of owners, allowing for an unlimited number of investors to pool their funds to purchase an asset.
Ask us a question

Post us your question and we will get back to you

Need a quick help?

Schedule a call with our attorneys to resolve your queries

Attorney