Solo 401k, second LLC as a holding company?

DWQA QuestionsCategory: MississippiSolo 401k, second LLC as a holding company?
Colin Krieger asked 2 years ago

I have a Solo 401k LLC that owns a rental that has great cash flow. I was thinking I should make another LLC to transfer funds to to reduce my exposure in case of an incident on the property(it would have a brokerage account.)
Would direct transfers between the two LLC’s (both owned by my Solo410k) be OK?  Just wanted to make sure the corporate veil would remain intact.
(assuming I keep good books, minutes and records in each LLC)

1 Answers
Mat Sorensen Staff answered 2 years ago

Answered on EP 66: Open Forum https://directedira.com/ep-66-open-forum