Forming an LLC: Easy As 1 2 3

An LLC or Limited Liability Company combines the best features of a corporation and a partnership. Like a corporation, members are protected from suffering business losses and debts. Taxation is unlike that of a corporation however. A corporation pays its own taxes. An LLC is like a partnership when it comes to taxes. Profits and losses from the LLC are directly reflected on the owners' personal tax returns. Setting up an LLC might be more complicated than the processes involved with establishing sole proprietorships or partnerships but running one is certainly less work compared to managing a corporation.  Contrary to what most people believe, it is not hard to form an LLC.

There are 5 simple steps to take to form an LLC.

 1. Choosing a name for the LLC

• The name of the LLC must not be already in use by an existing company or entity.

• At the end of the name it should be indicated that the company is an LLC or limited Liability Company

• The name cannot contain words prohibited by state rules. Words such as "banks" and "insurance" for example.

 2. File official paperwork, also called articles of organization (certificate of formation or certificate of organization in some states)and pay all the required fees

• This is done in the state's LLC filing office.

• Fees usually range around $100 but some states charge yearly taxes aside from the filing fees which may cost up to $800.

• All required information should be provided including the contact information of a "registered agent" that represents the LLC. The registered agent is chosen from the members.

 3. Draft a company operating agreement. A standard operating agreement should include the following:

• Each member's stake in the company

• The rights and responsibilities of each member

• The weight of each member's vote

• Distribution of profits and losses

• The management of the company

• Guidelines for meetings and voting

• Interest trading provisions

 4. Publishing a note of intent

• This is required only in some states.

• A note should be published in a public medium (usually the local paper) stating the intent to form an LLC.

• An affidavit of publication is then submitted to the LLC filing office. Some states may require the publication to continue for several weeks.

 5. Securing the necessary licenses and permits needed for the business

• After making the LLC official, licenses and permits required to operate a business will still be needed.

• These will include a business license, a federal employer identification number and a zoning permit.

It is easy to form an LLC but it is even easier to dissolve or end one. Under normal laws an LLC may be dissolved when a member leaves. This depends however on the stipulations stated in the company operating agreement.

A Limited Liability Company can be managed jointly by its members. This method is known as "member management". There is however another method called the "manager management". In a manager managed LLC all decisions are voted upon only by the assigned managers. The managers can be chosen from among the members or they can be from outside the company. In this arrangement, non managing members just sit and wait for the profits. Opting for manager management may require dealings with state and federal regulations on sale of securities.

IRA LLC

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Getting Checkbook Control - Why Form an LLC?

If you are thinking of creating a business entity to expand your portfolio, there are a lot of choices out there. You can set-up a sole proprietorship, a partnership, or even taking part in a corporation. However, a popular choice nowadays is a Limited Liability Company or LLC.

So, why form an LLC?

An LLC is a business firm under the state of the law which has the traits of a partnership and a corporation. Limited Liability Companies or LLC have been the famous choice because of its ease of creation and maintenance.

It protects your personal assets from lawsuit. An LLC's obligations are isolated to the company alone. Hence, any lawsuit regarding the LLC is kept under the company and doesn't involve any personal assets the owner has. So, to settle such obligations; the LLC's assets are liquidated and converted to cash to pay debts.

If you have a self-directed IRA; you can also create an LLC for the purposes of checkbook control. All IRA investments and transactions are required to undergo the process of a custodian. And, these custodian services are not for free. However, the establishment of an LLC under the IRA gives the investor the power to invest anytime and anything without the approval and consent of the custodian.

However, following the rules and regulations of the IRS is still necessary with an LLC under the IRA. Otherwise, the IRA will be facing tax penalties, charges, and even disqualification of the account. So, every owner should always be aware of the different DOs and DON'Ts regarding the retirement account.

So, this must be one good reason why form an LLC under your self-directed Individual Retirement Account or IRA, right?

A more specialized freedom of investing and at the same time cutting costs and saving up more money is the benefit of it. However, you should be knowledgeable, skilled, and experienced before venturing into such activity. Many have failed and many also had their shares of success. This is because of the lack of education on the part of the failures and the right knowledge and advice regarding the successful investors.

Establishing an LLC is no simple task. It takes a lot of courage, hard work, and patience. It is not for each person but for some certain persons only that can handle adversities and stress. You should always continue learning and improving in all your endeavors. These are the keys to having a successful investing venture with your Limited Liability Company or LLC.

An LLC in your Individual Retirement Account or IRA is a great idea. This would make investing much easier and fun. Especially when you know your way around the fundamentals of investing; it should be an easy errand for you. By simply writing a check and the deviation from custodian fees and expenses, this is a good way of minimizing costs and maximizing profits.

Why form an LLC? I guess that question running in your head is answered by now. Take advantage of the opportunity and control ALL your investments. Just always remember to invest wisely, carefully, and patiently. Learn all the necessary skills required for an effective investment journey. Be your own boss! Gain your own income! And, control your fate! Be wealthy!

Look Ahead And Expect Big From A Self Directed IRA Real Estate LLC

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Self Directed IRA v Self directed 401k - Clear Facts

There are a lot of retirement plans existing today which can be used by every individual in a society.  Among these retirement plans, exists a self directed IRA and a self directed 401k which are well know retirement opportunity plans that have similarities and differences in operating.  Each of these retirement plans are frequently being used by people who wants to have direct investments and a secured financial future.

A self directed IRA in contrast with a self directed 401k

• Either making use of a self directed IRA or a self directed 401k will grant the participants of making investment decisions since self directed 401k offers check book control
• A self directed IRA have need of the use of a qualified IRA custodian yet in a self directed 401k custodians will not be necessary since the participant is his own custodian
• There are more possible investment options for participants in using a self directed IRA yet in a self directed 401k offers quality investments yet have fewer investment options to offer its participants
• Both can make use of other retirement plans since each retirement strategy can co-exist with other retirement strategies as alternatives for other possible investment ventures
• Self directed IRA investment ventures have a wider range of selections regarding possible properties to purchase since a self directed 401k limits its range of selections within what the corporation advertise (Can purchase only the properties that 401k corporations offers)
• A self directed IRA can be started by opening a personal IRA account where you can transfer funds to use for investments while a self directed 401k can be started before your retirement in a fixed pay system where it will be easier to complete the payments
• Both the self directed IRA and self directed 401k offers participants the great benefit of making investments with a tax deferral system
• Retirement plans like a self directed IRA and a self directed 401k makes real estate investments a safer venture to take even if it is known for a real estate to have a lot of cons
• A self directed IRA can offer its partakers the advantage of venturing through franchise investments which is a safer and easier investment to take
• Most persons tend to use retirement plans which can alter the use of 401k plan structures

Further investment options of a self directed IRA

• Real estate
• Mortgages
• Stocks
• Partnerships
• Franchise
• Tax liens
• Private equity

Further investment options of a self directed 401k

• Mutual Funds
• Fixed Funds
• Real Estate

Investments in real estate using a self directed IRA or a self directed 401k

• Commercial properties
• Residential properties
• New construction
• Farmland
• Raw land
• Property renovations
• Passive rental income
• Developments

Unconventional investments in a self directed IRA

• Commodities
• Commercial Paper
• Hedge Funds
• Royalty Rights
• Foreign Stocks
• U.S. T-bill
• American depository receipts
• Equipment and leases

Unconventional investments in a self directed 401k

• Money market funds
• Growth funds
• Aggressive growth funds
• International Funds

The self directed 401k plan

• Buy real estate
• Lease investment
• Purchase business
• Flip properties
• Real estate advantages
• License intellectual properties

 

Self Directed IRA Rules

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What a Self Directed 401k Has Over a Traditional 401k

A traditional or self directed 401k is a retirement plan sponsored by the employee and matching employer contributions. Once discussed about the amount of contributions, such funds can be taken from the pre-taxed salary of the employee. Thus, taxes are reduced on the part of the account owner. This would benefit the employee from paying additional taxes. Hence, the salary less retirement account contribution is the only amount taxed. Also, the retirement account is tax free until the moment the owner of the account withdraws money from it. 

Many people think that having a traditional 401k would already benefit them in the future. The problem is, they don't think of the brighter side of things. They just have the mentality of accumulating periodic funds for the retirement account would bring them enough for their future retirement. But for some, money contributed just sleeps, gains little income, and stagnates for the time-being.

Also, employees participating in 401k plans have options for investments. They can invest in mutual funds, stocks, and bonds.  Truthfully, these are limited and risky investment options. Since, these intangible properties blend with the economic state; and the only choice for profit for these investments is to flip them. 

However, another 401k account is established for the purposes of a wider array of investment choices. A self directed 401k; it is allowed to invest in not only stocks, bonds, and mutual funds. But, in non-traditional properties too like; real estate, real estate notes, mortgages, tax liens, and small businesses.This has led to a more comfortable and beneficial investment venture for employees. 

Many have been rewarded with self directed accounts. Because, they can choose whichever investments they are comfortable of engaging into. By which, it could efficiently lead to a better and enjoying investment journey.

Many people have not been aggressive with their investments with a traditional 401k. But since the self directed account was developed, many of them took their chances of aggressively investing in different properties. Especially when you are still young, make sure to keep investing intact and carefully. 

One more advantage of a 401k plan is movability. Changes in your lifestyle change and, so as work; if you plan to move out of the company and transfer to a new one, then, you leave your 401k account with your previous employer. And, this doesn't change anything about the retirement account. The easiest thing to do is to make it stay, or, you could rollover the funds of the 401k account to a new one; either with your new employer or to a fresh Individual Retirement Account or IRA. 

Retirement 401k plans still require you to follow some rules and regulations created by the IRS. You don't want to be charged with tax penalties and charges. So, before engaging into certain transactions, make sure you are knowledgeable about the laws of the IRS.

A traditional and self directed 401k is almost the same. The only difference is the additional investment options for a self directed one. Also, a 401k which is self directed can be more rewarding than a traditional one.  

Get a hold of your retirement fate! Never procrastinate especially when it comes to your future retirement. Because, what you do now would result to a failure or success.  You have the right to live an ideal retirement life, so, make a move now!

Benefits of a Self Directed 401k

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Self Directed 401k Guide for the People

Every individual knows that there will be a day when we will have to retire because maybe of age limits or probably we get tired of working.  Having that thought in mind, we seek of ways where we can secure ourselves financially like retirement plans since we all know that money now a days is a necessity for living in most places.  When we think about retirement plans, we usually think of what it has to offer and also how we can get a hold of it.  We usually think of retirement plans that can top the other since it is something we own that will be at stake this will not be a bad idea.  It is normal to have many thoughts on which retirement plan to get a hold of which will lead give each individual better information regarding the existence, the advantages, disadvantages and more regarding retirement plans that may be used like a self directed 401k.

A self directed 401k is a retirement plan that is in fact offered to all individuals today who wishes to have an advantage of having check book controlled settlements.  This type of plan has a corporation structure of management in which individuals who partake in such will have many advantages in dealing with investments.  With this type of structure to follow, partnerships in a 401k will be allowed as well as loans in making investments which will make investments more reachable.  The downside of a 401k plan is having a non-diverse investment since stocks within a 401k plan will be the only ventures you can accumulate with.  However a self directed 401k plan will involve real estate and fund earning programs or intellectual properties in which this type of structure will be of great help.

Compared to other self directed plans, a self directed 401k will not require you of having other custodians who will handle your account but yourself.  With this type of custodian, the participant of a self directed 401k may not allot additional expenses in which investments can make use of funds to its fullest.  Having self directed 401k investments grants its clients cheaper fees of investments in which it will help most persons who cannot afford expensive payments.  This type of structure is possible since payments that will be given in a self directed 401k plan will be handled by paying required fees either monthly, yearly or to be more specific, periodically according to the employer.  This type of savings plan will be used for investments that will be used in future ventures which will be taken by the partaker or owner of the savings account.

Investment tactics of a self directed 401k

• Real Estate
• Lease investment
• Fund earning programs
• Flip Properties
• Business projects
• Investment advantages
• And more...

Real estate properties that will be acquired will be entitled under the name of the 401k account that will be used in purchasing such property to ensure the safety of the participant.  Legalities will always be a factor to be considered in investments that is why a self directed 401k plan structure has its own methods in doing things.  At this present time, the most efficient plan to be utilized when it comes to real estate project is a self directed 401k since it gives the best security and is one of the most accessible plan to take.

Self Directed 401k

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Vice Funds and Socially Responsible Funds on Self-Directed 401K

Looking for something to invest on your self-directed 401K? A mutual fund is an excellent investment for the 401K. However, there are two important funds under the mutual funds that could really help investors with their account. These are the vice funds and socially responsible funds. Although these are less used funds, there is no doubt that it could assist someone, somehow. These funds depend on the characteristics of the investing party.

For a better understanding of these funds, we have to discuss them in details. Since it is your self-directed 401K we are talking about, it is better to approach them one at a time.

Vice Funds

Vice funds are known to be morally irresponsible. It invests on sinful stock companies like alcohol, gambling, tobacco, weapons, and sex related assets. These stocks depend on the demands of the people who use it. Companies who engage with this type of funds give a respectable share to its shareholders.

The advantage of this mutual fund is that it generates a higher income return than the other funds in the market. Since the time it was introduced in 2002, it has grown from a mere fund to being a wanted asset. As an investor, you wouldn't want to miss this opportunity where you can get a high income return with little work.

Here are the companies that do unethical investments:

1. Companies that produce unethical product.
2. Companies that do unethical practices. 

This type of mutual fund outclasses and outperforms the other funds in the market. Since unethical exercises are advertised more often than not, the income will also generate big dividends.

Socially Responsible Mutual Funds

As time passes, retirement plan assets especially socially responsible mutual funds are becoming a household name. The companies investing on these funds take part with the SRI (socially responsible investing). This means that these companies only invest on business that practice ethical stocks.


The good thing about this fund is not only does it generate income but it makes you feel good. Imagine having money while promoting environmental stewardship, human rights, consumer protection, and diversity. By diversifying the funds, investors are assured that their assets will grow bigger and expand to new heights.


The only argument most people talk about this fund is that it underperform in the market unlike the vice funds. However, handful of investors thinks that this fund outperforms other funds as well. The reason is that ethical companies are safe of government fines, lawsuit, and such. Today, SRI has more or less two trillion dollars invested on it and 200+ funds to select from. It is up to the investors to select the funds that fit their characteristics. If you are trying to avoid the sinful stocks then socially responsible funds fit you well.

There are a variety of funds an investor can choose in the market. Most of them have their own characteristics and ability. Mutual funds allow the investors to invest their money so it is up to them to choose the best funds that fit them. As an investor, they can only wish for the best on the money they have invested. They can hope that it will generate huge amount of income return.


Good or bad stocks, investor must decide whether to pursue a fund since all of them have their own advantages. Vice funds and socially responsible funds present a good return of income. This will surely make your self-directed 401K a successful retirement plan for a long period of time.

Self Directed 401k

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Enlightening You About a Self Directed IRA

I'm sure by this time, you have already heard of a self directed IRA. On how this retirement plan has benefited a lot of people; on how it changed a lot of people's lives, especially during their retirement. Well, you might be curious on what's it about? You may be thinking of getting one for yourself too, right? Nobody can stop you from choosing to control your retirement fate; in fact, you can do whatever you want. It is everyone's right to have a bright and ideal retirement life. At this point, you might be thinking of what this IRA is all about.

Ok, let me enlighten you on what this IRA is. 

A self directed IRA is a retirement plan that offers a wider array of investment options compared to a simple IRA account. To make it brief; a simple IRA account is only limited to traditional investments like stocks, bonds, and mutual funds. While, a self directed account can invest in traditional and non-traditional investments (real estate, real estate notes, tax liens, mortgages, and small businesses). Also, self-directed account owners have the ability to choose whichever they feel to engage in. Hence, account owners have the control over their investments. And, if we speak of control; simple or traditional IRAs don't have this trait. All traditional IRAs are custodian-controlled because they only allow certain types of investments unlike self-directed accounts which are managed by the account owner themselves.

At this time; you might be wondering what a custodian is?

Custodian is a firm required for the establishment of any IRA account. Custodians act as the holder and manager for the account. So, for every IRA account; a custodian is necessary to make the retirement account work. Hence, it mediates whichever investments you take. They also process the necessary requirements and paper works for the IRA account. And, they also act as advisors on what to invest in, or when to invest - but, that's for a simple IRA. With a self-directed retirement plan, it's different; because you, the account owner, as the investor; decides on whatever investment to engage into. So, the job of the custodian here is to report and process whatever is needed for any transaction desired by the investor.

But, always remember, either self-directed or not; custodians do not come for free. They always come with a price, either on an annual, transaction, or commission based fees. So, you cannot really evade custodian expenses as it is a complementary for every investment you make.

Another job of a custodian is to orient you about the rules and regulations regarding your retirement account. The IRS has laws about illegal investments and transactions covering the IRA. So, be sure you know these well, especially when you're handling a self-directed account.

How can a self-directed retirement account be profitable?

Well, the answer is pretty obvious. With a self directed IRA, you have the chance to diversify your portfolio. Not just limited to the uncertain and risky traditional investments. You are given more choice of investments. Thus, you can select any investments you feel comfortable with. Choose what's appropriate for you, and, invest in what you are good at.

It is still important to continuously learn about the fundamentals of investing with your IRA. Once you do, your retirement life is secured and you will enjoy what you've been working for.

Self Directed Ira - Prohibitions and Permissions

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