
EP 4 - How to use an IRA/LLC or Checkbook IRA
Directed IRA Podcast
00:00
Do You Know What You're Doing
When you fill out an s s for to get any i n, there's a box llc. Well, in the real world you go l c. But when an iora owns it, a practitioner that doesn't do this every day, they freak out,. Is thit a trust? Is it an iora r ter? And then they screw up the s s four. That's your e i n. Do not tell the bank it's an i r a. The banker's brain will explode. They're gong to call the personal banker over. It's almost like security shuts the building down because you're trying to open an account in the name of the ira
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