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Frequently Asked Questions

What are the benefits of forming an IRA LLC?

Forming an IRA LLC, or a self-directed Individual Retirement Account Limited Liability Company, offers a multitude of benefits. One of the primary advantages is the ability to invest in non-traditional assets. Traditional IRA custodians often limit the types of investments you can make, but with an IRA LLC, you can use your retirement assets to invest in a wider range of assets, including real estate, private businesses, and more. Another significant benefit is the checkbook control feature. As an IRA LLC owner, you have complete control over your retirement funds. You can establish a business checking account to hold your LLC assets, providing you with greater investment flexibility and ease of management. Limited liability protection is another key advantage of an IRA LLC. Owners are generally not personally liable for the business's debts, providing a layer of financial protection. However, it's important to note that there are exceptions to this rule. An IRA LLC also allows for the pooling of assets. If you lack the necessary funds to purchase an asset, you can join forces with other investors to pool funds and make the purchase. This is facilitated by the fact that LLCs do not have a cap on the maximum number of owners.
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