Retirement LLC

General Q & A
1

Hi,

Can I do a multimember LLC in order to simplify investments including my childrens Coverdells, my solo401k, their roth IRAs, my wifes Roth IRA AND a personal stake from myself in order to increase money into the business. And if this is permissible, if I need to add more money in a year and I add it personally, would just have to restructure the ownership percentages in the books?

Thanks,

You guys Rock!

2

Great question. We answered on today’s podcast recording. It’ll go up in a few days. The short answer is the ownership is fixed and can’t change so additional money going in must go in at same percentages.