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Letamp;#39;s talk about setting up a multi-member IRA/LLC. Now you can set up a IRA/LLC with just one IRA but some people like to combine multiple IRAamp;#39;s into one LLC. That might be your ROTH IRA, Your traditional IRA, maybe itamp;#39;s your IRA and your wifeamp;#39;s IRA, Your dadamp;#39;s IRA and your IRA, your friendamp;#39;s IRA and your IRA. It doesnamp;#39;t matter, we are just talking about multiple IRAs. It could be 5 or 6 IRAs. Iamp;#39;m just keeping it simple with 2 here. Now when you set that up, thereamp;#39;s a couple things you need to know. First, weamp;#39;re going to break up the ownership of the LLC based on the dollars invested from each IRA. So if my wifeamp;#39;s IRA invests $70,000 into the LLC and my IRA invests $30,000 into the LLC weamp;#39;re going to break up the ownership, 70% to her IRA and 30% to my IRA. That ownership is going to be fixed and when there is profits coming out of the LLC Letamp;#39;s say the LLC has $10,000 in profits $7
