Forming an IRA LLC Archives

Information About Forming & Operating Self-directed IRA Limited Liability Companies

If you want to learn about legal issues related to forming and operating a limited liability company that has one or more members that is an IRA or a retirement plan, this is the place. My name is Richard Keyt. I am an Arizona limited liability company attorney who has formed Arizona LLCs, including many LLCs that have an IRA or retirement plan as a member.

Throughout this IRA LLC Law website, the term “IRA LLC” means a limited liability company formed under the laws of any state in the United States of which one or more members is a a traditional IRA, a Roth IRA, a 401(k), a profit sharing plan, a money purchase pension plan, a defined benefit pension plan or certain other ERISA retirement plans allowed to make self-directed investments.

I created this IRA LLC Law blog because:

I want to inform and educate people who are considering making a self-directed investment through an LLC about the important legal issues that arise whenever they use IRA or retirement funds to buy assets or own and operate a business through a limited liability company.
Nobody should make […]

Information About Forming & Operating Self-directed IRA Limited Liability CompaniesRichard Keyt2019-02-13T21:41:12-07:00

How to Invest Self Directed IRA Funds in a Limited Liability Company & Make Nontraditional Investments

Question 1: Can I form a limited liability company in which my IRA is a member and use all or a portion of my IRA funds to make self directed investments through the LLC in various assets, including, but not limited to, real estate?

Answer: Yes, but there are some types of assets that cannot be acquired.

Question 2: Does it take a ton of money and a rocket scientist to form an LLC owned by an IRA (“IRA LLC”)?

Answer: No: I form Arizona IRA LLCs for . I’m not a rocket scientist, but I am an Arizona LLC and business attorney who has a masters degree in income tax law from New York University School of Law. I understand how to form IRA LLCs and have formed LLCs, including many IRA LLCs. See our five star Google & Birdeye reviews.

Why I Form IRA LLCs

Because I have formed limited liability companies, people frequently contact me and ask if I can create an Arizona LLC owned by one or more IRAs. The answer is yes. For the purpose of this article, […]

How to Invest Self Directed IRA Funds in a Limited Liability Company & Make Nontraditional InvestmentsRichard Keyt2024-03-08T07:29:10-07:00

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

In forming Arizona limited liability companies, including 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 and get check book control over the IRA’s funds:

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

Step 2. Get 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 3. Move 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. […]

How to Hire IRA LLC Attorney Richard Keyt to Form an IRA LLCRichard Keyt2024-03-08T07:31:55-07:00

Can I Form an Arizona IRA LLC & Do Business or Own Real Estate in Another State?

Question: Neither I nor my IRA custodian is a resident of or is located in Arizona. Can I form an IRA LLC in Arizona that will own and operate a business or own real estate in another state? If so, are there additional costs?

Answer: Yes. An entity (LLC, corporation or limited partnership) formed in one state can register to do business in any other state in the United States. Doing business includes owning real estate in a state other than the state in which the entity was formed. For example, if you are a resident of New York, your custodian is located in Ohio and your IRA LLC will own real estate in California, your IRA could form an Arizona limited liability company and then register it to do business in California. If hired, we will prepare the papers for an additional $200 (plus state filing fees) for each foreign state and file it with any state in which your IRA LLC will own real estate or own and operate a business.

To register an Arizona LLC to do business in California involves preparing and filing a registration form an paying a $70 filing fee. […]

Can I Form an Arizona IRA LLC & Do Business or Own Real Estate in Another State?Richard Keyt2017-09-10T15:14:29-07:00

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 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.

Years ago I went to a seminar 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. He told […]

Why Do Some Document Preparers & Attorneys Charge a Lot More to Form an IRA LLC than You Charge?Richard Keyt2024-03-08T07:35:28-07:00