Equity Doc Prep provides curated business solutions to meet the needs of IRA investors. 

Equity Doc Prep is an in-house service within the Equity family of companies that can help you set up your new LLC, designed to own and manage investments. We ensure all paperwork is completed and filed correctly to assist you in complying with state and federal regulations. Once your LLC is established, Equity Doc Prep also provides services to maintain your business.

Full LLC setup

Annual Reports with state annual or biennial filing

EIN services

No, Equity Doc Prep does not provide tax, legal, or investment advice. Any information communicated by Equity Doc Prep or Equity Trust Company is for educational purposes only, and should not be construed as tax, legal, or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.

The processing time varies depending on the state. A typical time frame is about 7 to 14 business days from the time the state receives the LLC documents.

Equity Doc Prep works with Equity Trust Company investors to provide an easy and seamless experience through template business solutions to meet their needs. Open your new Real Estate Checkbook IRA, LLC, and receive ongoing maintenance, all with the same family of companies. Work with one team and receive consistent, personalized service for all your IRA investment needs. 

Setting up your Equity Trust Real Estate Checkbook IRA, LLC is easy. Here’s how it works:

Open your chosen account type at Equity Trust and fund it with a rollover, transfer, or contribution.

Equity Doc Prep can set up your new LLC, designed to own and manage real estate investments.

3. Open a Business Checking Account Set up a business checking account in the name of your new LLC. Our state-of-the-art integration with a specialized bank makes it easy

4. Transfer Funds to Your IRA-Owned LLC Bank Account

Direct Equity Trust to transfer your IRA funds to your newly opened business checking account.

5. Invest and Manage Your Real Estate Investments

Use the funds in your LLC’s bank account to purchase properties and manage investment-related expenses.

Equity Doc Prep will establish the LLC in the state in which you reside or hold an address. The account holder may elect to engage a registered agent if they desire to establish an LLC in another state.

To ensure compliance with IRS rules and to maintain the tax-advantaged status of your IRA, you are required to form a new LLC for your Real Estate Checkbook IRA. This LLC is created specifically to act as the investment vehicle through which your self-directed IRA can make investments and should be wholly owned by the IRA. IRS rules prevent the repurposing of an existing LLC, or investing in most LLCs in which the account holder is involved with.

LLC laws vary by state, with each state having its own set of regulations and statutes governing the formation and operation of LLCs. It is important for you to be aware of the laws in your state, or consult a legal or financial advisor, as this is outside of our service offering.

When you open an LLC to invest with your IRA, several important responsibilities must be considered. Remember that specific requirements can vary by state and individual circumstances so consulting with a legal or financial advisor is recommended to ensure you meet all obligations and make informed decisions. Equity Doc Prep is here to help you file the necessary paperwork to maintain your LLC.

Annual Reports: Most states require LLCs to file annual reports. Equity Doc Prep can help with this. Make sure to stay informed about your state’s specific requirements.

Record Keeping: Maintain accurate records of financial transactions, membership changes, and other relevant documents. This includes keeping track of contributions from your IRA.

EIN: Obtain an Employer Identification Number (EIN). This is necessary for tax purposes.

Tax Filings: Depending on your LLC’s tax classification, you’ll need to file the appropriate tax returns. Consult a tax professional to determine the best approach for your situation.

IRA Rules: Understand the IRS rules regarding investing with your IRA. There are restrictions on certain types of investments, so ensure compliance.

Reporting to Your IRA Custodian: Keep your IRA custodian informed about the LLC’s activities. They may require periodic updates or documentation related to the LLC’s investments. All funds must flow to and from the IRA.