In forming 4,400+ Arizona limited liability companies, including many that have a member that is an IRA or 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 1. Research: Spend some time on this website and learn about IRA LLCs.
Step 2. Get Answers to Your Questions: Contact me (602-906-4953, ext. 1 or email@example.com) if you have any questions about forming or operating an IRA LLC. I don’t charge to answer questions about IRA LLCs.
Step 3. Get 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. Complete my online IRA LLC Formation Questionnaire: This is an online form that collects the information I 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 on your Formation Questionnaire.
Step 5. 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 6. Cause 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. Click on this KEYTLaw Invoice link. Save the pdf document as a file on your computer. Open the pdf document on your computer and fill out the form. Print the completed invoice.
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 Your IRA LLC Be Formed?
We will form your IRA LLC on the first Tuesday or Friday after we receive your completed IRA LLC Formation Questionnaire and our fee.