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Step 4: Fund the LLC

After Solera receives the funding into the new IRA, Solera will then move the funds into the LLC checking account

Solera will notify you when the funds are received into the new IRA. The funds will first be subject to Solera’s check hold policy of 7 business days. Once cleared, the funds will then be moved into the LLC checking account by Solera.
 
Estimated date: 1-2 days after the funds are cleared in the IRA

Once the LLC checking account is funded, you are ready to invest through the LLC

 

What’s Next

  • You will need to enroll in online banking with Solera for the LLC checking account if you have not done so already
  • You can order checks for the LLC checking account through Solera
  • You will need to maintain the IRA through the payment of an annual account maintenance fee, starting in year two, billed by Sense Financial
  • You will need to submit an annual valuation to Solera at the end of each year. Solera will email you a reminder for this at that time.