Author Topic: Self-Directed IRA  (Read 113 times)

hoping2retire35

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Self-Directed IRA
« on: October 09, 2018, 10:26:19 AM »
Just trying to get an understanding and basic strategy for doing this with a business.
-Unrelated Business Income Tax
-who are the people that can be involved
-What involvement can 'I' have; my wife?


My personal idea of what would work; build up a business for a few years, and get everything on auto pilot(employees) then set up a company with several other friends or extended familyand I, through my SD IRA, sell part or a subdivision of that business to the new companywhich is partly owned by my SD IRA. Move staff to new company, which is partly owned by my SD IRA.

https://www.entrepreneur.com/article/178224
This article is a little confusing, it makes it sound as though you cannot have more than a 50% interest in a company, which is owned partly by ones SD IRA, so someone else can fire you. Ideally, there would just be a manager and I would be the one firing them or hiring a new managerfor the company that is partly owned by my SD IRA. Can you, the self-directed ira holder, be on a board or someother decision maker(so long as you are not a paid employee)?

bolded edits to clarify
« Last Edit: October 10, 2018, 06:39:24 AM by hoping2retire35 »