A Colorado IRA LLC Lawyer is who you need to talk with if you have a self-directed IRA. A self-directed IRA can be cumbersome if you own assets such as real estate rentals because you need to direct the custodian for every transaction - rental income, expenses, mortgage payments, taxes, repairs, etc. You need to direct the custodian using a direction of investment form, which has to be filled in and faxed for every transaction. Imagine having to do this every month for 10 rental properties!
The Colorado IRA LLC lawyer can set you up a "checkbook IRA" which is essentially an LLC owned by your IRA, of which you are the manager and control the transactions with the LLCs bank account. Instead of the money flowing through the custodian, the income and expenses go through your IRA LLC, which is essentially the same thing as an IRA, but you are in full control of every transaction through the direction of the LLC's activities.The Colorado IRA LLC lawyer will advise you on how to set up the LLC and how to transact business with the LLC within the bounds of the IRA rules.Where to find a Colorado IRA LLC lawyer? Just call us at 303-398-7032 or click on the Call Now on the right side of this page.