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Updated almost 8 years ago,
Can a Self-Directed IRA LLC be created in a Series LLC Cell?
Hi. This is my first post here on BiggerPockets and I hope someone can shed some light on a question of mine.
I am going to create a self-directed IRA (SDIRA) LLC (aka a checkbook IRA), and I have spoken with several firms in that area, e.g., uDirect, IRA Financial Group. I can't get an answer to this question: rather than paying their charge of $1,400-2,200 to create a Traditional IRA LLC plus another $1,400-2,200 to create a Roth IRA LLC, I want to create two new cell/series in a Texas Series LLC to save myself the bulk of the setup and ongoing LLC costs.
Can anyone confirm this is ok? How do I go about doing so? Are there any issues associated with using series LLC cell for this purpose that would be unique to an IRA LLC?
Thanks! P.