Naming IRA LLC

[William Allen]

Any gotchas when setting up your IRA LLC when it comes to naming the entity? The answer from the company I am using is "you can choose the name of the LLC." I would suspect it would need to include my name followed by IRA LLC. What have all of you used for the names of your self directed IRA LLC entities? Thanks.

[Dmitriy Fomichenko]

@William Allen

you do not have to have the name include IRA. In fact that would not be good idea. Just pick something generic like Wallen Properties LLC (using your first initial and last name) or Wallen Investments LLC. Or use your street name, or whatever. You don't want the name to be too long either, otherwise it may not fit on the title.

Hope this helps.