What is a Self Directed IRA (ICOSM)?
A Self Directed IRA’s ownership of a LLC, referred to after this as “ICO” (“I”RA “Co”mpany), is a special purpose limited liability company, which is either fully or partially owned by an IRA (Individual Retirement Account). Since the self directed IRA owns the ICO, IRA funds can be legally transferred to the ICO in exchange for member units (shares) of the ICO. After this funding, both traditional and non-traditional investments may be purchased by the ICO instead of directly in the IRA.
