Some reasons you’d consider in deciding to form an LLC?
You are: • Interested in limiting the exposure to liability claims to the amount of your investment. • Concerned with tax liability and are not running a business with your IRA; • Interested in streamlining and reducing corporation required documentation of ongoing activities such as minutes; • Desiring flexibility in the number and type of potential members including individuals, other corporations, trusts, pensions, IRAs, and foreigners; • For all of the above reasons, LLCs are becoming very popular as investment vehicles for people who have self directed IRAs and who want to obtain more flexibility and control with their IRA investments. The attorneys at Stephen Counts, PC. help individuals establish and operate LLCs for their investments within self-directed IRAs. Very often, these proprietors refer to the LLC’s ability to provide so-called “checkbook control” to the IRA investor. “Checkbook control” describes the IRA investor’s ability to write a check from the LLC’s checkbook whe
