Individuals are electing to use their Individual Retirement Account (IRA) to invest in alternative options, rather than the stock market. An attorney or CPA may recommend the formation on an LLC with specific requirements. To form an LLC using your IRA should be done after you have done your due diligence, and understand the process to achieve your goals. There are companies that can assist you with this type of investing. Please discuss fees and requirements associated with these types of choices. Education is an important tool in this process, including the Internal Revenue Services requirements and prohibited transactions. It is reccomended that individuals consult with an attorney and/or certified public accountant before proceeding.
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