In forming 4,300+ 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 firstname.lastname@example.org) 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. On the left column of this website under “Article Topics” click on the “Custodians” link to see a list of custodians that my clients have used to form an IRA LLC. 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.
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 My Fee by Sending Our Invoice to the Custodian: The IRA owner must do two things before I can be paid:
A. Prepare a KEYTLaw, LLC, invoice and send it to the custodian. Click on this KEYTLaw Invoice link and fill out our simple Adobe pdf fillable form. Print the completed invoice then send it to me (fax: 602-297-6890 or email: email@example.com with a copy to firstname.lastname@example.org) and the custodian.
B. Prepare the custodian’s disbursement request form (see the custodian’s website) and send the disbursement request to the custodian along with our invoice.
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?
I will form the IRA LLC on the last business day of the week in which I receive the completed IRA LLC Formation Questionnaire and our fee. If you need it formed earlier in the week, call me or my legal assistant Gia Goodman (602-906-4953, ext. 7).