LLC Certificate of Membership
Membership in a limited liability company is divided into units and the units are transferred using certificates, just like stock certificates.
In order to transfer the units of membership to your IRA, which will become the member of your LLC when funds are transferred from your IRA Custodian to the Self Directed IRA LLC bank account , you will need to complete a Certificate of Membership.
It is not legally necessary to issue membership certificates, but sometimes the formality is needed to evidence ownership of the LLC. There is no state required format for membership certificates, but most will show the name of the member and the date of issuance of the certificate. Certificates are signed by one or more LLC officers, typically the President and Secretary. A certificate normally does not show the exact capital, profits or voting interest of a member, instead it recites the member is entitled to the rights and subject to the responsibilities of membership as set out in the Articles of Organization and the Operating Agreement of the LLC.
State lawgenerally requires the LLC to keep an alphabetical list of the names and addresses of all current members of the LLC, which can be inspected by any member during normal business hours of the LLC. If the LLC is managed by specially selected managers, a list of the managers names and addresses should also be maintained.
You should keep a record of the date and details of any transfer of memberships in your LLC. Typically, a membership transfer ledger showing the name of the transferring member, the date of transfer of the membership, and the name of the transferee. If the transferring member was originally issued a certificate of membership, the certificate should be returned to the LLC and marked “canceled” by the LLC Secretary and attached to the transfer ledger.
Certificates will be imprinted with your limited liability company name and State of formation. You simply complete the name of owner and ownership.
Most LLC kits come with membership certificates. Certificates will be imprinted with your limited liability company name and State of formation.
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This has been a high-value experience. ….has been very responsive to questions and his delivery has exceeded my expectations – an unusual experience for today’s consumers.”–Brian Springmann – Mont Vernon, NH
Actually, I want to thank YOU for setting me up with this LLC and for recommending the trustee. This is by far the smartest thing I’ve ever done in my investment life. When I left my previous employer I rolled over my 401K, and since I had always contributed the max, it was a good chunk. I’ve averaged over 9% annually, mostly through private lending. I’ve heard so many horror stories from people … custodians charging them a fee every time they want to make an investment, delays so long that the deal falls apart while the custodian micro manages every detail of the investment, etc. So when people start whining about their self-directed IRA’s, I just say, “Well, you just didn’t do it the right way, that’s all!”. And then I email them your contact info and the contact info for my custodian.”–Matt Taylor – Weare, NH
Just wanted to write a note and thank you for your help in answering my many questions and then setting up my IRA LLC. In spite of what I would considered a complicated process, you guided me through it with speed and efficiency. Your service has to be the easiest to work with. You allowed me to purchase an investment property in time to get the great deal I was looking for and that alone justified the cost. Please feel free to use my name or contact information if you need it.Thank you again”–Doug Ness – O’Fallon, MO
I located Self Directed IRA LLC through the Better Business Bureau. They had 0 complaints over the past few years so I called them. I found their services to be excellent. My phone calls were always promptly answered or returned, and my questions answered clearly and thoroughly. All documents were sent quickly, and in about one month I had transferred my pension funds out of Wall Street, where they had been losing money consistently, and invested in a rental property which will net us at least 8% interest per year.I recommend them without reservation.”–Douglas Booth, Attorney at Law – Santa Fe, NM
Thank you for all your superb assistance today. I know I made a great decision in choosing the right firm and the right person by you demonstrating your expediency, accessibility, knowledge and competency throughout the first day. Once again “thank you!–Richard Ehlers – Hoffman Estates, IL
You more than met our needs in setting up our LLC with great efficiency in time and expense. Excellent company that understands their business and the needs of their customers!!”–Carl NcNew – White Salmon, WA
I highly recommend IRA LLC to any body who is looking for help..very well knowledgable in the subject..very trust worthy.”–Franklin Ajjarapu- Libertyville, IL
…… knows his business very well. He has steered me succinctly and well through the complicated steps of forming and optimizing my IRA.”
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I was very pleased with the handling of my IRA transactions by your firm, and I would not hesitate to use your services again in the future.”
–John Bagoy – Coquille, OR
All interactions with staff have been very professional, with helpful, knowledgeable, and timely handling of my and my other family members IRAS.”–James Mynatt – Atlanta, GA
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