The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Investing IRA in private business||Date: 6/3/2013 5:25 PM|
|Author: Umm||Number: 118656 of 123001|
I have a couple of questions regarding investing a 401k or IRA into a private business. From what I understand, 401k or IRA funds can be invested in a private company under certain conditions. One condition is that the 401k/IRA owner is not the majority owner of the business. Does a spouse's IRA count towards majority ownership?
For example, consider the following ownership structure of a company:
I own 20% of the company through my IRA.
I own an additional 20% through a non-IRA investment.