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Updated over 7 years ago on . Most recent reply

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41
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Steve Karp
  • Investor
  • Los Angeles, CA
27
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41
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SDIRA LLC partnership change

Steve Karp
  • Investor
  • Los Angeles, CA
Posted
I have an LLC which is a partnership between my SDIRA and another entity. The other entity would like to liquidate it's position leaving the SDIRA with 100% ownership. Can this LLC ownership change be made with simple filings or does the LLC need to be dissolved to remove this other entity? Thank you for any feedback or perspective.

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

Steve, you would need to review your LLC operating agreement to see if there is anything preventing you from buying portion of the LLC (in most cases this should not be a problem). Contact the firm who set up the LLC for you, they would be able to best assist you.

  • Dmitriy Fomichenko
  • (949) 228-9393
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