A later post lists 8 steps in setting up an IRA LLC. The steps include our law office setting up your self directed IRA LLC, transferring funds to a new custodian, opening a bank account for the LLC, directing the Custodian to transfer funds to the bank account, issuing a membership certificate to the custodian, selecting a suitable investment for the Self Directed IRA LLC, writing a check for the fund, and managing the self directed IRA.
Attorney Geoff Dietrich can answer questions and explain more, at length, the process of how an IRA LLC work.
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