IRA LLC Misinformation - Single Member LLC - Checkbook Control





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Published on Apr 12, 2011

http://www.SunwestTrust.com -- 800-642-7167, An informative video blog on owning an LLC through your IRA. Sunwest Trust, Inc.

This video gives a short discussion on the basics of IRA LLCs. Visit the Sunwest Trust page http://www.sunwesttrust.com/self-dire... for mroe information on self directed IRA LLCs.

Sunwest gives a quick explanation on the different misinformation and misconceptions regarding LLCs. A client can have a self directed IRA without an LLC, contrary to what most may believe. Having an IRA LLC comes as a form of convenience for clients.

With LLCs, clients can have checkbook control and they can also have funds at the bank of their own choice. Funds are just more accessible when making investments.
http://www.SunwestTrust.com - IRA LLC Misinformation - Single Member LLC - Checkbook Control

To fund an LLC, clients need to setup an IRA first, with the custodian of their choice.

Custodians will then need an operation agreement which shows the proof of investment.

When taking distributions from an IRA account, clients with an LLC need to be extra careful. Clients need to write a check from the LLC to the custodian first with the distribution form.

Other insights on IRAs from Sunwest Trust can be found in their extensive video library at their Youtube Channel. Visit and subscribe at http://www.youtube.com/user/SunwestIRA.

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