Thank you for the chart of the four LLC’s. However, can you recommend a good securities firm / agency that can help me to pick which kind of IRA I should have?
Hello Roy, Thank you for the information regarding the IRA. It will be of help to me to get the IRA going right away. Self directed is what I want for myself.
Ah, I think I understand self-dealing now from studying Ron’s chart here.
Your flipper LLC for short term deals cannot spend money on or receive money from your IRA LLC because that would be self-dealing which is against IRA rules.
I see the chart, understanding the chart is another question. Does A, stand alone from B,C,and D, doing its own dealings. how is your
IRA, A, linked to B,C,D, and where does your starter funds come from as well as how does your IRA benefit from B,C,D.
Hello,
Thank you for the chart of the four LLC’s. However, can you recommend a good securities firm / agency that can help me to pick which kind of IRA I should have?
Thank you,
Robert.
I would suggest doing a little homework on IRA.
Odds are , you would want a Solo or a self directed roth ira.
Quest Trust Company IRA
Hello Roy, Thank you for the information regarding the IRA. It will be of help to me to get the IRA going right away. Self directed is what I want for myself.
Ah, I think I understand self-dealing now from studying Ron’s chart here.
Your flipper LLC for short term deals cannot spend money on or receive money from your IRA LLC because that would be self-dealing which is against IRA rules.
This chart shows that the IRA LLC and the Keeper LLC can be the beneficiaries of the of a “paper trust”.
What is a paper trust?
This chart makes it clear what ant how to legally organize business.
Thank you for the chart. Looking into DirectedIRA to work with
I see the chart, understanding the chart is another question. Does A, stand alone from B,C,and D, doing its own dealings. how is your
IRA, A, linked to B,C,D, and where does your starter funds come from as well as how does your IRA benefit from B,C,D.