Is having an LLC in my IRA permitted?

Yes, it’s legal. The Internal Revenue Code doesn’t list the types of assets that you can invest in; it only states what you cannot invest in. The only two prohibited assets are life insurance and collectibles. Because an LLC is not a prohibited asset, it is a viable investment for your self-directed IRA.

Submit Your Question

What question is being answered?
What answer should be displayed for this question?
What name should be displayed with your FAQ?

Get Started Today!

Submit the form below for a FREE Consultation: