Obtain EIN (Employer Identification Number)
The Internal Revenue Service requires your Limited Liability Company (LLC) to have its own tax identification number known as an Employer Identification Number (EIN).
This identifies your LLC as a separate legal entity for tax reporting purposes. You do not report your LLC’s income and expenses on your personal tax return.
In most cases your LLC will be a “single member” LLC and as such is a disregarded entity for tax purposes. The single member of the LLC is your IRA. It is usually listed as “XYZ Trust Company Custodian FBO “Your Name” IRA Account #99999″ as the “single member”.
As a disregarded entity you will not be required to file a federal tax return for the entity. You as Manager of the LLC will receive a “valuation worksheet” each year from your Custodian. You or your accountant or financial advisor will complete the valuation worksheet and submit it to the custodian who in turn will report to the Internal Revenue Service.
Please check with your accountant or tax professional for individual state tax and reporting requirements as each states reporting requirements vary considerably. Even though you do not file a federal tax return you may have to file information with your state. You will also have to file an “annual report” with your state to keep your LLC active. The annual report is usually just a payment of a fee to the state.
In order to obtain a EIN you will need a copy of the filed Articles of Organization that were filed with your Secretary of State’s office and you will need to complete IRS form SS-4. The SS-4 form will require you to provide information about your LLC and the responsible party(s).
You will need the EIN, Articles of Organization and an Operating Agreement in order to open a local bank account for your Self Directed IRA LLC.
Let us make it simple for you!…Call us now and you will have your Self Directed IRA LLC completely set up usually within 30 days….The hardest part will be making the call! Call us now!
Read what our customers have to say……
T E S T I M O N I A L S
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.” –Jonathan Lysenko – New Canaan, CT
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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