Forms > Purchase an Investment > Invest via a Checkbook IRA LLC
Buy Direction Letter
Use this form to purchase units or shares in an IRA LLC.
Print and Mail
What is the process to purchase an IRA LLC?
Once you have established a Vantage Self-Directed IRA and created a new single member LLC in which your IRA is defined as the 100% sole member, you will need to submit a completed Buy Direction Letter – Private Company along with the copy of the Operating Agreement or Subscription Agreement to Vantage. It is highly encouraged you seek the help of a legal professional to implement the IRA LLC entity as they are a unique structure that should not be treated the same as a non-IRA LLC set up.
What are the fees associated with creating the IRA LLC structure for my IRA?
There is a $125 transaction fee to purchase of IRA LLC shares/units within your IRA regardless of the value of the asset purchase. A detailed overview of all account fees can be found in the Fee Schedule.
Can my IRA partner with others utilizing an LLC structure? Does the partnership need to be 50%/50% split?
Yes, your IRA can co-invest with other investors under an LLC structure as long as it does not create a Prohibited Transaction under IRC Section 4975. The partnership does not have to be a 50%/50% split. Percentages of ownership can be defined by the partners based on the amount of money being invested by each partner.
Does Vantage create the operating agreement and/or subscription agreement?
No, Vantage does not offer this service. Contact us for our Resource List for a list of legal professionals.
How should the ownership of my IRA be titled within the LLC documentation?
The ownership of IRA’s investment into an LLC should be titled as follows: Vantage FBO (client name) IRA
Does there need to be a Manager assigned on the Operating Agreement of my IRA LLC?
Yes, there must be a manager designated within the LLC Operating Agreement. The IRA LLC must be “Manager Managed” and not “Member Managed”.