How to Hire IRA LLC Attorney Richard Keyt to Form an IRA LLC

In forming [ls_content_block id=”874″] Arizona limited liability companies, including [ls_content_block id=”1106″] LLCs owned by an IRA or a retirement plan IRA LLC attorney Richard Keyt has learned how to make the IRA LLC formation process very easy.  Here’s the 6 easy steps the IRA owner must accomplish to hire Richard to form an IRA LLC for $997 and get check book control over the IRA’s funds:

Step 1Research:  Spend some time on this website and learn about IRA LLCs.

Step 2Get Answers to Your IRA LLC Questions:  Contact me, IRA LLC attorney and tax lawyer Richard Keyt, at 480-664-7478 or [email protected] if you have any questions about forming or operating an IRA LLC.  I don’t charge to answer questions about IRA LLCs.

Step 3Move the Funds to a Custodian that Allows Directed-Investments:  If you cannot make self-directed investments where your funds are currently located, you must open an account with a custodian that will allow for the self-directed investments.  See “Custodians” that my clients have used for their IRA LLCs.  All of these custodians allow for self-directed investments, including investments through an IRA LLC.  When you open the account the custodian will give you the account’s name and its account number.  I need this information to form the LLC because it will be owned by the custodian for the benefit of the IRA.

Step 4.  Transfer Funds to New Custodian:  Arrange for a direct custodian (old) to custodian (new) transfer of the funds you want in the new custodian’s IRA account.

Step 5Complete Our Formation Questionnaire:  Go to our IRA LLC formation questionnaire and give us the information we need to form the IRA LLC.  When you click on the submit button we will send you an email message with the questions and answers you submit in your Formation Questionnaire.

Step 6Cause the Custodian to Pay Our Fee by Sending Our Invoice to the Custodian:  The IRA owner must do the following two things to pay our fee:

A.  Prepare a KEYTLaw, LLC, invoice and send it to the custodian.  Go to our online do-it-yourself invoice. Enter your information then click on the submit button to and we will email an invoice to you that you can give to your custodian.

B.  Get a copy of the custodian’s disbursement request form (see the custodian’s website).  Complete the disbursement request form and send it to the custodian along with our invoice you generated in the prior step.

FYI:  You can be working on steps 4, 5 and 6 as soon as you have an account with a custodian that will allow self-directed funds.

When Will We Form Your IRA LLC?

We will form your IRA LLC the day we receive your completed IRA LLC Formation Questionnaire and our fee.

How to Hire IRA LLC Attorney Richard Keyt to Form an IRA LLC2020-07-11T07:32:11-07:00

Are self-directed IRAs too good to be true?

USA Today:  “A self-directed IRA allows you to invest in things other than securities registered with state or federal authorities. For example, you can use the assets in a self-directed IRA to buy a rental property, or even as the down payment for a mortgage on a rental property.  There are restrictions, however, on self-dealing: You can’t rent the place to yourself, for example. And you must have a qualified third-party custodian for the IRA.  Self-dealing restrictions on investing in small businesses — especially sole proprietorships — are also complex, and you should see a tax lawyer before you put IRA money into a small business. ‘Self-directed IRAs have helped fund thousands of small businesses that otherwise wouldn’t be there, says Tom Anderson, president of the Retirement Industry Trust Association, a trade group.”

Are self-directed IRAs too good to be true?2017-09-10T16:32:19-07:00

The Self Directed IRA – The Basics all Estate Planners Should Know

Warren Baker’s post on the WealthCounsel blog states: “Let’s assume for a moment that your client’s goal is to invest into a piece of residential rental real estate. Your client can either:  (1) request that the new custodian purchase the property directly on behalf of the IRA; or (2) direct the custodian to first invest the IRA into a Limited Liability Company (“LLC”) that is thereafter 100% owned by the IRA and purchase the property using the LL (note: your client will act as the Manager of this LLC).  The latter option gives your client the flexibility to purchase the property using a check from the LLC’s checking account, which depending on the custodian’s ability to move quickly, will be quicker than option number one.”

The Self Directed IRA – The Basics all Estate Planners Should Know2018-05-13T13:58:52-07:00

Can My IRA Invest in Any Type of Asset?

Question:  Can I cause my self-directed IRA to invest in any type of asset I desire?

Answer:  No.  Section 408(a)(3) of the Internal Revenue Code says that an IRA may not invest in life insurance contracts (life insurance).  The IRS also restriction investments in “collectibles.”  Here is what IRS Publication 590 says about IRAs investing in collectibles:

“If your traditional IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. You may have to pay the 10% additional tax on early distributions, discussed later.

Collectibles.  These include:

  • Artworks,
  • Rugs,
  • Antiques,
  • Metals,
  • Gems,
  • Stamps,
  • Coins,
  • Alcoholic beverages, and
  • Certain other tangible personal property.

Exception.  Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion.”

Can My IRA Invest in Any Type of Asset?2018-05-13T13:58:52-07:00

The Individual 401(k)

The following article was posted by Ryan Rippy, the Business Development Manager of The Entrust Group.

Save more with an Individual 401(k) plan and expand your investment options with a self-directed account.  An Entrust self-directed Individual (k) Retirement Account gives you the maximum flexibility and financial ability in investing for your future. The Individual (k) is similar to a 401(k) but for businesses that employ only the owners, their spouses, and partners.

An Individual (k) plan has two components based on your employer and employee roles:

  • (Employee) Salary deferral, based on earned income, up to the allowed limit
  • (Employer) Profit-sharing contribution, maximum 25% of compensation, up to the allowed limit

With Entrust, you can establish the salary deferral component as either a Roth or traditional tax-deferred plan, which reduces your taxes now and offers tax-deferred savings. With the Roth, you make after-tax contributions to the account, and like a Roth IRA, future withdrawals are tax free.

If you currently have an Individual (k) and want to self-direct your funds into nontraditional investments, you can transfer or rollover the funds to Entrust without penalty.

Consider an Individual (k) retirement account if:

  • You are a sole proprietor with no employees other than your spouse or partners.
  • You are looking for the largest potential contribution for a business without employees.
  • You want the flexibility to invest beyond stocks and  mutual funds.
  • You want the capability of borrowing from your plan.
  • You want to purchase leveraged real estate in your plan and avoid UBIT (Unrelated Business Income Tax).

Consult with your CPA or investment adviser to determine whether an Individual(k) works for you.

Entrust Offer These Administrative Options:

With Entrust, you can choose from various service options. Entrust provides the following, depending on the service model.

  • Traditional Service

Required plan documents

Recordkeeping on your self-directed investments

  • Do Your Own (DYO)

Required plan documents

  • Outsourced Service (you must have your own plan documents)

Recordkeeping on your self-directed investments

Individual 401(k) Contribution Limits

The employee salary deferral can be up to 100% of your earned income, up to the maximum annual contribution limit. The employer portion can be up to 25% of compensation. The maximum compensation amount that can be used for calculating your contribution is $250,000 for 2012.

Ryan Rippy, Business Development Manager
The Entrust Group
7700 Irvine Center Drive, Suite 800
Irvine, CA 92618
949.788.2970  |   f 866.815.5168
[email protected]

The Individual 401(k)2018-05-13T13:58:52-07:00

Investors Tap Into 401(k) Money Tax-Free for Business Startups

From the using your IRA or retirement account to self-direct investments department. An article in Investment News states, “Hal Mottet, a Lake Oswego, Oregon, businessman bought a family-owned packaging company for $3.5 million in late 2007, and he and a partner financed 40 percent of the sales price with their retirement money. Mottet and his partner used a loophole in U.S. tax law to roll over $1.4 million from their existing 401(k) retirement plans to finance the purchase of Carson, California-based Empire Container Corp. . . . Here’s how it typically works: An investor sets up a corporation, establishes a new 401(k) plan there, rolls over his or her existing 401(k) or Individual Retirement Account, and then uses part or all of the plan’s assets to buy shares of the new company. This funds the new business, while keeping the tax- advantages of the retirement plan.”

Investors Tap Into 401(k) Money Tax-Free for Business Startups2018-05-13T13:58:53-07:00

Stepping Outside the Real Estate “Box” with Self Directed Retirement Accounts

Laurie Bachelder, Principal of  NUA Advisors, LLC, writes:  Investors tired of watching their retirement accounts ride the Wall St. rollercoaster are searching for other ways to create wealth in their retirement accounts. If you turn to most business or financial publications or websites you will find many articles about investing in real estate with a Self Directed Retirement Account (‘SDRA’).  The majority of articles written about investing with a SDRA pertain to real estate as a popular choice for an alternative investment, and why wouldn’t it be.  Real estate offers several advantages.”

Stepping Outside the Real Estate “Box” with Self Directed Retirement Accounts2017-09-10T15:49:30-07:00

The Essentials of Self-directing Retirement Accounts

Ann Siford, Manager of Professional Network at Equity Trust Company writes:  “A self-directed IRA allows investors to directly manage their retirement portfolio, diversifying beyond the traditional mutual funds, stocks and bonds to include assets such as real estate, promissory notes, tax liens, private placements and oil/gas.”

The Essentials of Self-directing Retirement Accounts2017-09-10T15:58:44-07:00

The Hidden Dangers in IRAs

Wall St. Journal:  “Is there a Ponzi scheme lurking in your IRA?  That may sound like a bizarre question. But in recent years, a number of well-off professionals and their families have been ensnared in frauds that prey on individual retirement accounts, according to securities lawyers and firms that manage these accounts.  The vehicle typically targeted by such schemes is a self-directed IRA . . . .”

The Hidden Dangers in IRAs2017-09-10T15:57:30-07:00
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