What is a Multi-Member IRA/LLC?

December 02, 2020

Mat Sorensen

 

The Multi-Member IRA/LLC is the structure to use when you want to partner multiple accounts into one LLC to buy a particular asset or sets of assets. It can be a great option to partner with multiple accounts. What are the benefits, structures, concerns, and prohibited transaction rules you need to look out for? The set-up, structure, documents, and process can be rigid in a multi-member IRA/LLC so make sure you understand the rules when choosing this option.

Mat Sorensen

Mat Sorensen

Mat has been at the forefront of the self-directed IRA industry since 2006. He is the CEO of Directed IRA & Directed Trust Company where they handle all types of self-directed retirement accounts, which are typically invested into real estate, private company/private equity, IRA/LLCs, notes, precious metals, and cryptocurrency. Mat is also a partner at KKOS Lawyers. He is published regularly on retirement, tax, and business topics, and is a VIP Contributor at Entrepreneur.com. Mat is the best-selling author of The Self-Directed IRA Handbook, the most widely used book in the self-directed IRA industry.

Most Popular

Episode 8: Starting a Business with Your Self-Directed IRA or 401(k)

Episode 8: Starting a Business with Your Self-Directed IRA or 401(k)

Your IRA or solo(k) can start and fund a small business. Tax lawyers and co-founders of Directed IRA, Mat Sorensen and Mark Kohler cover the three common strategies small business owners should know when looking to start a small business with their retirement account funds. They cover using an IRA/LLC, utilizing a solo(k) or other 401(k) with a participant loan, and the Rollover on Business Start-Ups (ROBS) structure which includes a c-corp and a specialty 401(k). The right structure to use depends on the small business owner’s situation and there isn’t a one-size-fits-all strategy.

Episode 8: Starting a Business with Your Self-Directed IRA or 401(k)

Episode 6: Investing in a Private Company, Private Fund, or Small Business

Tax attorneys and hosts Mat Sorensen and Mark Kohler explain how your self-directed IRA or solo 401(k) can invest in real estate. Mat and Mark explain the process, rules, steps, and common real estate deals and investments made by self-directed investors (rentals, fix and flip, partnerships, wholesale/options).

Episode 8: Starting a Business with Your Self-Directed IRA or 401(k)

Episode 5: How to Invest in Real Estate with a Self-Directed IRA or Solo 401

Tax attorneys and hosts Mat Sorensen and Mark Kohler explain how your self-directed IRA or solo 401(k) can invest in real estate. Mat and Mark explain the process, rules, steps, and common real estate deals and investments made by self-directed investors (rentals, fix and flip, partnerships, wholesale/options).

Episode 8: Starting a Business with Your Self-Directed IRA or 401(k)

Episode 4: How to Use an IRA/LLC or Checkbook IRA

Join mat and mark as they break down how to set up the perfect structure to partner you IRA with other accounts or other individuals and build a mega IRA account the checkbook LLC is a unique structure that many don’t understand.

Subscribe to our Newsletter

Be the first to know when we release our latest articles, podcasts and videos