Guest Tara Curran Posted June 7, 2002 Posted June 7, 2002 We have a client that wants to invest in an LLC taxed as a partnership inside either his SIMPLE IRA or his wifes's TIA-CREF plan. The ownership will be less than 5% and they will not be actively involved. Can this be done?
mbozek Posted June 7, 2002 Posted June 7, 2002 I dont know how you can invest in an LLC in a t/c plan because the participants can only invest in an annuity contaract or mutual funds. 403(B) plans of np employers who are not churches cannot invest in individual stocks or limited partnerships or privately held co. While an IRA can invest in privately held investments such as LLPs, LLC and non public corps, it is difficult to find a custodian who is willing to hold such assets. Those custodians that do want to charge extra and have special rules such as requiring that the LLC provide a valuation as of each Dec 31. mjb
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