form ira llc Archives

Why Do Some Document Preparers & Attorneys Charge a Lot More to Form an IRA LLC than You Charge?

Question: Why do some document preparers and attorneys charge substantially more than the $997 you charge to form an IRA LLC?

Answer: Because they can get away with it. Most attorneys who may routinely form limited liability companies never form an LLC that has an IRA or a retirement plan as a member so they are unlikely to form this type of LLC when asked. Most of the small number of attorneys and document preparers who actually form IRA LLCs charge far too much because they have little, if any competition, and they know that is it very unlikely a prospective client/customer will be able to find somebody else with the knowledge and experience to form an IRA LLC. These types charge far too much because they believe they have a monopoly and can set a high price because clients/customers have no other place to go to form an IRA LLC.

A few years ago I went to a seminar here in Phoenix, Arizona, about how to use self-directed IRA funds to invest in real estate through an IRA LLC. The person who gave the presentation was an attorney not licensed to practice law in Arizona. […]

Why Do Some Document Preparers & Attorneys Charge a Lot More to Form an IRA LLC than You Charge?Richard Keyt2018-05-13T13:58:53-07:00

What We Do When Hired to Form Your IRA LLC

When people hire me to form an IRA LLC, I don’t just fill in the blanks in a state created form, file it with the Arizona Corporation Commission and give you an Operating Agreement created for non-IRA LLCs. Here is a list of the 13 services I provide when I am hired to form an Arizona IRA LLC:

1. Unlimited telephone calls with Arizona IRA LLC attorney Richard Keyt (480-664-7478) to answer your questions about forming the company.

2. Name selection advice.

3. Discuss any formation issues & the Articles of Organization with the Custodian and make any changes to the Articles requested by the contact person or the Custodian.

4. File the Articles of Organization with the Arizona Corporation Commission (“ACC”) and get the ACC’s approval the day we are paid and you approve your LLC formation questionnaire.

5. The day we file the Articles of Organization we will send an email to the IRA account owner that contains the ACC’s approved and filed Articles of Organization. The manager needs this document to open the LLC’s bank account.

6. Obtain a federal employer […]

What We Do When Hired to Form Your IRA LLCRichard Keyt2020-05-20T06:08:42-07:00