IRA LLCs

How should I title investment and subscription documents for the Rocket Dollar IRA LLC? Can I have a custom LLC name for my IRA LLC?

Any investment made out of an LLC should be titled in the name of the LLC. For example, if your name is John Doe, your LLC’s name is likely JDOE RD LLC (unless you have a Rocket Dollar Gold subscription and you have a custom name for your LLC). If you purchase a rental property, you will have the property titled to JDOE RD LLC and you will sign all documents as John Doe, LLC Manager. 

Custom LLC names can be requested by Gold customers during the IRA account opening process

You should be able to enter a name for the LLC during onboarding. Support will reach out to you to confirm this name selection. 

Who is the manager of the LLC?

You are the manager of your IRA LLC. The LLC is manager-managed, single member LLC. This cannot be changed. 

Who is the beneficial owner of my IRA LLC?

You are the beneficial owner of your IRA LLC. For example, if your name is John Doe, then John Doe is the "beneficial owner" of his IRA LLC. 

Who is my custodian and how do I enter their information on investment documents, if asked?

If you are using our Custodian Partner Solera National Bank

  • Solera Natl Bank, CUST for Firstname Lastname, Trad IRA (or ROTH IRA).

If you are using our Custodian Partner Goldstar Trust

  • Goldstar Trust Co. FBO FirstName LastName IRA Acct#

If you are using our Custodian Partner IRAR Trust Co.

  • IRAR Trust Co. FBO FirstName LastName IRA Acct# (Example account number would be 89-12345)

What if I have an IRA, but don't have an LLC? You probably have a custodial IRA with one of Rocket Dollar's custody partners. 


If you are using our Custodian Partner Goldstar Trust Company,

  • Goldstar Trust Co. FBO FirstName LastName IRA Acct#

If you are using our Custodian Partner IRAR Trust Co., 

  • IRAR Trust Co. FBO FirstName LastName IRA Acct# (Example account number would be 89-12345)

Why can't I use my personal name?

Because of prohibited transaction rules, especially self-dealing, you cannot use your personal name on any documents or pass personal assets between yourself and your IRA LLC. Even if you intended to own an asset with an IRA, but your personal name is all over the final documentation, this could still be an issue. If you are dealing with an investment issuer that is unfamiliar with IRAs, just make sure to ask for all final paperwork in the name of your IRA custodian, and you must sign as manager of the Colorado IRA LLC.

 

See Our IRA Plan