Getting Started
18 articles
General
4 articlesHow do I get started?
Complete our online application, provide a photo ID, and designate at least one beneficiary for IRA plans. Most plans are fully set up and funded within 2-4 weeks. Choose Your Plan Structure We offer different plan structures that suit different ...
What documents do I need before I start my application?
You'll need a current photo ID such as a driver's license, state-issued ID, or passport. For IRA plans you will also need information for at least one beneficiary. Foreign nationals residing in the US will need to provide a permanent resident card. ...
How long does it take to set up a plan?
Most plans are fully operational within 2-4 weeks, though the biggest variable is your funding source, not the entity formation itself. Entity formation timing The legal structure setup is straightforward. IRA Trusts and Solo 401(k) documents are ...
Can I choose my own bank?
Yes. You can open your plan's bank account at any institution willing to open an account for your plan entity, and the account is yours to place wherever you want it. Most clients take the partner path instead. We prepare the account application as ...
IRA Trust Setup
4 articlesHow should I name my IRA Trust?
Choose a simple, anonymous name that clearly identifies the trust as an investment vehicle. The best names balance privacy with banking clarity. What are the naming guidelines? Trusts are private contracts with no state filing requirements. This ...
What is the role of the Trustee?
The trustee is the person named by the trustor (the maker of the trust) to operate the trust for the benefit of the trust beneficiaries. In an IRA Trust, the IRA itself is both the trustor and the trust beneficiary. As the IRA account holder, you ...
How do I open a bank account for the IRA Trust?
Open a trust or commercial account using the trust's EIN, provide your Trust Agreement or Certificate of Trust, and sign as trustee. The account belongs to the trust, not to you personally. Your account application with our partner bank is prepared ...
Does the IRA Trust need to register with the state?
No. Trusts are private contracts between parties, not public entities requiring state registration. This saves filing fees and franchise taxes while keeping your trust information private. Why don't trusts require state registration? A trust is a ...
IRA LLC Setup
7 articlesHow should I name my IRA LLC?
Choose a unique name ending in "LLC" that sounds like an asset holding company, not your personal name. Use conventions like "[Name] Holdings, LLC" or "[Name] Investments, LLC" to maintain privacy and avoid confusion with operating businesses. What ...
Which state should I form my IRA LLC in?
Form your IRA LLC in the state where your business activity or property is located. Nexus, the legal connection between your LLC and a state, determines where your LLC needs to be registered, not tax strategy or privacy considerations. The nexus ...
What is the role of the LLC registered agent?
The registered agent is the person or business with a physical address in your LLC's state of registration who receives legal notices and official state correspondence on behalf of the LLC. Every LLC must have one. What does a registered agent do? ...
What is the role of the LLC Manager?
The LLC manager is the person with full authority to operate the IRA LLC: entering contracts, directing investments, and signing on the entity's behalf. As the IRA account holder, you are the manager. What authority does the manager have? The manager ...
How do I open a bank account for the IRA LLC?
Open a business or commercial account using the LLC's EIN, provide your Articles of Organization and Operating Agreement, and sign as manager. The account belongs to the LLC, not to you personally. Your account application with our partner bank is ...
Who can be a Registered Agent for an IRA LLC?
Any individual who is a resident of the formation state and at least 18 years old can serve, as can any business properly registered with that state. The one party that cannot serve is the LLC itself. What the state actually requires The ...
What are the different roles in an IRA LLC?
An IRA LLC involves several distinct roles covering ownership, operational control, and state compliance. Understanding who fills each role, and what authority they do and do not carry, is essential before you begin investing. Role Who Fills It ...
Solo 401(k) Setup
3 articlesHow is my Solo 401(k) named?
Your Solo 401(k) is named based on your business entity name. We use standard naming conventions when creating new plans. Why does the naming follow this convention? The IRS and plan counterparties such as banks, brokerages, and investment sponsors ...
How do I open a bank account for my Solo 401(k)?
Open a trust or commercial account using the plan trust's EIN, provide your Trust Agreement or Certificate of Trust, and sign as trustee. The account belongs to the plan trust, not to you personally. Your account application with our partner bank is ...
What are the different roles in a Solo 401(k)?
A Solo 401(k) assigns seven distinct roles, and as the business owner and account holder you personally fill most of them. Knowing which role you are acting in determines which form you sign, which records you keep, and who ultimately inherits the ...