Using a Self-directed IRA for Business Investing
August 12, 2005 by Isabel Isidro · Leave a Comment
A PowerHomeBiz.com reader sent us this question:
Hello. I have a small business that I would like to invest additional monies in. One of the sources is a simple IRA being managed by my financial institution. I was advised that I could set up a self-directed IRA to invest that money in the business. As an S-Corp, would that be possible? And how would I go about doing such a thing through my CPA, attorney, financial institution or all of the above? Also, how long would something like that take? Thank you! – Bryan Stone, TX
Read the response of our incorporation expert Chrissie Mould of MyNewVenture.com
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Author: Isabel Isidro (853 Articles)
Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages WomenHomeBusiness.com and LearningfromBigBoys.com. Follow her on Twitter: @powerhomebiz