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You can. Self-directed IRA that owns a manager-managed LLC (“checkbook IRA LLC”).
tldr; Safety Shot, Inc. announced that its subsidiary, BONK Holdings LLC, has acquired 2.7% of BONK's circulating supply and aims to reach 5% by the end of 2025. The company reinvested its first revenue share of $500,000 from its 10% interest in the memecoin launchpad letsBONK.fun into BONK tokens during a market downturn. Safety Shot is leveraging its debt-free balance sheet and historical fourth-quarter trends to strategically grow its digital asset treasury, aiming to deliver long-term value to shareholders. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Have been looking into it. I think you have to have an LLC you manage be owned by the IRA in order to buy Bitcoin directly.
tldr; Hedera's HBAR token surged 8% ahead of the debut of its spot ETF on Nasdaq, with trading volume doubling to $421 million. The ETF, sponsored by Canary Capital Group LLC and supported by custodians BitGo and Coinbase, will trade under the ticker HBR. The rally defied broader market corrections and saw increased interest from derivatives traders. Anthony Scaramucci described the development as 'the sound of inevitability.' HBAR is the native cryptocurrency of Hedera Hashgraph, a public distributed ledger using unique consensus technology. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
In the concept of capitalism, you work hard and seek out more jobs that pay higher wages. You get more than 1 job. Who is going to stay in a $7.25 an hour job that long? You should be navigating higher paying jobs with more responsibility. You assume that person has no upward mobility at all. am I to expect you want 1 or more full bitcoin but you are unwilling to do anything to get there? Then you don’t really want 1 bitcoin and you have no ambition to grow your career. Look into starting an LLC then go on a 0% interest loan and buy bitcoin then use other business credit cards to pay off the bitcoin. Look up how to do this on Grok or chat gpt. Study what career and how to get better paying jobs by using AI. Spend hours per day when you are not at work, working on your career.
These are good, but for Bitcoin only they can be a bit overkill, expensive and complicated to manage. If you're just looking for Bitcoin - use a self-directed IRA with an IRA administrator that can do this directly, without an LLC, like AdvantaIRA. [https://www.youtube.com/watch?v=hCjqVRPyF\_Q](https://www.youtube.com/watch?v=hCjqVRPyF_Q)
That is why it is smart to encapsulate such projects into an LLC for example, so you can keep the business accounting clean and optimal.
You can reduce this significantly. Speak to several tax advisors. Hell, 20 of them if you can. There are very legal and creative ways to reduce your tax liability here. Whether you need become a renting s-corp or LLC and lease your home to yourself from your business or creatively find some expenses you weren’t previously aware of. There are options.
Im not so sure this is correct. You can operate before becoming a legal entity. My business was operating in 2019 and I didn’t from an LLC until 2020.
well, I operate as an LLC already. (for my work) I have it all setup already for the past couple of years.
No worries. Give me a shout if you have any questions. It’s a little bit more of a setup (and cost) than a regular bitcoin ira (because of LLC setup) but it’s worth it to hold my keys I think. There are others out there now I think. When I set mine up 7 years ago BF was the only one I found
Some truly idiotic tax advice in here You can likely deduct some of your costs in obtaining this block, but you can't just set up an LLC and transfer it in there to pay the corporate tax rate like some dude said lol
Would maybe need to set up an LLC for this no? Not that it's a bad option
Look for "Checkbook Control IRA" or "Self-Directed IRA with Checkbook Control." Think many work by helping you set up a Self-Directed IRA LLC.
You can’t retroactively set up an LLC to reduce your tax burden. The LLC needed to exist when the block was earned in order to write off business expenses.
Talk to an accountant. There MUST BE A WAY to avoid paying 158k in taxes using clever and legal strategies. Probably using an LLC, or more than one
Use an LLC. Then it becomes passthrough income and you can write off your expenses. I would set one up and do a quick owner investment then spend it out of the business account. Whatever is left at the end of the year can be taken in a draw at 15% instead... This is not financial advice but its what I would do.
tldr; Donald Trump's memecoin $TRUMP has dropped 80% since its launch, while Melania Trump's memecoin $MELANIA has performed even worse, losing 94% of its value since launch. Melania's ventures, including an Apollo-11 NFT collection that faced legal issues with NASA, have been criticized for their lack of value and transparency. Despite these failures, the Trumps reportedly earned significant revenue from these ventures. Melania's projects operate under her own business, MKT World LLC, separate from the Trump family businesses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Got it. I have heard of a couple of people I know (a huge statistical data set!) their contributions go directly to paying back the loan. It might also have impacted by the load duration, and resulting payment schedule they choose. They contribution equaled to or was close to there payment. Make sure to track all the funding for the LLC. It needs its own bank account and all contributions (investments) the LLC need to be tracked. You cannot pay the costs with your money. Utility bill has to be paid by the LLC. You reimburse yourself, but that will be a bit fishy to the IRS as utilities are not a normal reimbursable expense. Good luck.
I was thinking of using part of it every year or 2 to purchase miners under an LLC that I already have. This makes me price insensitive to btc bc I am mining the source. I get tax benefits and will offset the ordinary income. The 10% penalty doesn’t matter bc it’s not my money anyway. Btc is the hardest asset known to man, newest asset class since 500 years I think I’m gonna do it
All great questions. We are very pretty vanilla, we have 2 holdings on the stock side SPY and QQQ. 3 assets total including BTC. We were all very much inspired by the FIRE movement so keeping investment simple made sense for us. We buy x amount every month. Plan is to not sell any BTC at all ever (willing to transact in sats if needed). Its also under a LLC so we each report it. Decision to sell, how we would sell, etc all written in an operating agreement we have. For example, we all have to agree to sell an asset if we head that direction.
tldr; The issuer of the TRUMP memecoin, Fight Fight Fight LLC, is seeking to raise $200 million to create a digital-asset treasury aimed at reviving the token's value, which has dropped 90% from its peak. Led by Trump ally Bill Zanker, the effort could target up to $1 billion. The token, once valued at $75, now trades at around $8. Controversies surrounding the token include a private dinner attended by Trump and scrutiny over potential legal violations. The initiative mirrors similar ventures like ALT5 Sigma's $1.5 billion fundraising plan for its token treasury. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If you owned all the shares of the LLC they would still count towards your net worth.
But aren’t they basically the “government”? Like if I put all of my assets under a LLC and had it pay me.
It's already not easy to invest, but the worst thing is the governments which are incapable of offering interesting investments and which do not want the capital to leave the country... So here is my advice for all the people who feel this injustice.. You must create an LLC (American company) then you invest via your company which will be a US entity therefore access to ETFs linked to BTC as well as the entire US market. The process is a little long (even a little perilous) but freedom is priceless
Post is by: Etesin and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1nunlg3/title_my_honest_review_of_bullwaves_prime_finally/ Hey everyone, I've been grinding in the prop trading space for about 2 years now—started with a few sketchy firms that ghosted my payouts or slapped on hidden fees that ate my profits alive. Switched to Bullwaves Prime (@BullwavesPrime on X) back in July, and damn, it's been a game-changer. Thought I'd share my experience because there's so much noise out there, and this one's worth the shoutout. Quick Background on Bullwaves Prime: They're a prop firm focused on funding skilled traders with up to $200K accounts (and scaling potential to $1M). Owned by Moonance LLC, they partner with Equitex Capital (Seychelles-regulated broker) for execution. No BS—over 50K traders onboard, and they're all about low targets, fast payouts, and trader-friendly rules. Platforms? MT4/MT5, so if you're used to those, zero learning curve. What I Like (The Wins): Challenges That Don't Suck: They offer 1-Step (10% target, 5% daily/10% max drawdown) and 2-Step (8%/5% targets) options. No time limits—huge for part-timers like me. I went with the 1-Step $25K challenge for ~$150, hit it in 12 days without sweating. Profit Split & Payouts: Up to 80% (scales to 90% on larger accounts). First payout hit my USDT wallet in 3 business days—no $30 bank wire fee BS. Minimum $50 withdrawal, and they verify details quick (under 24h). Assets & Conditions: Trade forex, stocks, indices, commodities, AND crypto (even weekends—perfect for BTC swings). Spreads from 0.0 pips, 1:50 leverage. Weekend holding allowed, EAs OK, but no news trading exploits. Community & Perks: Active Discord (join via their X bio), weekly payout shoutouts (e.g., traders pulling $9K+ last week), and giveaways like 20x $5K challenges. Their X feed is full of real trader wins, not just hype. The Downsides (Keeping It Real): Challenge fees aren't the cheapest ($100–$800 depending on size), but you get credits back via partnerships like Funded Award. Crypto payouts are fee-free, but bank wires cost $30—stick to USDT if you're global. Scaling requires consistency (min 10 trading days/phase), so if you're a hothead scalper, it might feel restrictive at first. Overall Rating: 9/10. If you're tired of firms that treat you like a demo account peasant, Bullwaves Prime feels like a real partnership. I've scaled to a $50K funded account, pulled $2.3K last month, and the support team's actually responsive (not bots). Check 'em out at prime.bullwaves.com—link in their X profile. Has anyone else tried them? What's your go-to prop firm rn? Drop tips below! 🚀 TL;DR: Bullwaves Prime = fair rules, quick cashouts, crypto-friendly. Solid for serious traders. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
They want to fix their debts by destroying the middle class. It's insane as well in NL if you work two jobs, the second job you get double taxed. Essentially if you work harder and more, the government will take even more money from you. Obviously there are loopholes by having an LLC and the actual rich people will find a way to hide their assets, i.e. opening a foreign bank account
Register and LLC for and Open up a business acc. Big checks will clear faster
Don't sell, just swap it for a stable coin and transfer it to the wallet of your choice that uses an ATM or credit card to spend your money, or you can sell stable coin slowly then transfer in small increments back to your bank account,another choice would be to leave your stable coin on the exchange earning 4+% interest and just spend the interest that is earned on your principle, which is taxable btw, you can also start an LLC in a zero tax state such as Wisconsin or Texas and even Nevada ,put yourself as the beneficiary, sell BTC through LLC and wallah no capital gain taxes at all..
In speculation, I would put a solid 40% of that 160k in a cold wallet, purchased on a limit order Mind u, if u are North of the UsA. One bitcoin is about 161K dollars. So I would suggest to just buy a single bitcoin . And lock that away until it turns into 1.25 bitcoin. Sell that 20k and hold that as cash. Now you’re down (ideally) to 1 005 000. So doing great. Let’s say it goes down a bit after that sell off into fiat. Let’s say that’s six months down the road. Hold fast, and if u can buy more. Shoot by a solid 15K or even 15-50K if we are talking the bitcoin price is below 120K/btcn. I mean buy real estate that you can passively earn income on by having a do it all handyman live freely in a 4 bedroom House, even if you’re just breaking even off owning that house . (Which would be on the low low side depending on location and quality of house of course.) usually u can be making just 2-3750$ a month. Which honestly is nothing to scoff at. That can cover your entire living expenses every month. Just for using your little and early BTC profits for passive income, 2750$ a month is not bad at ALL for just getting into real estate and having to do relatively little. I mean that is if you hire a solid property manager. And good tenants that work steady and are happy with paying their monthly rent. Anyways this is a great way to get into diversification in both economic income and financial investments. Bitcoin is not going anywhere. If you are one of the lucky and smart / patient ones who have a solid bitcoin . You are going to do great financially in life if you play your cards right. There are so many options. But don’t u dare sell a whole bitcoin until it’s reaching almost a million. That 21 million will come up fast in the final five years. Conservatively, I predict the 21 million bitcoins will be totally out and circulating/ sold/ traded/ purchased in personal and LLC hands by 2033! Easy!!
Well thanks. You can check me out on Myfxbook. The strategy name is Nhest Trading LLC-Strategy
Even if an LLC issues tokenized shares on something they own, they are backed by nothing. There's really no good reason to involve blockchain, especially when it comes to important natural resources, you don't want any ambiguity over who owns what.
From what I read, you have to form an SVP (LLC, trust). It actually owns the property but you can sell shares. The issue again being people would be investing in something with no return. Just preserving the land. Unless we can somehow lease the land for something 🤔
tldr; The FBI's New York Field Office is seeking victims of an investment fraud scheme involving SafeMoon LLC. Braden John Karony, Kyle Nagy, and Thomas Smith are accused of defrauding investors by misappropriating millions from SafeMoon's liquidity pool for personal gain between March 2021 and June 2022. Karony was convicted, Smith pleaded guilty, and Nagy remains at large. Victims are encouraged to complete a questionnaire to assist the investigation and may be eligible for restitution and services under federal law. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Like if you put the (parts of a multi-part) keys in a safety deposit box that belongs to the LLC
If you're the manager of the LLC, you control the keys. Your IRA owns 100% of the company.
You can roll the Roth account into a self directed IRA, where you create an LLC to hold the keys, lowest fees on large amounts, total control, can be a bit of a pain to set up and potentally costly (ie only pays for it self at higher levels of investment, but 70k/y will probably get you there)
tldr; The US SEC has charged John Woods, a Georgia resident, and two entities he controls—Southport Capital and Horizon Private Equity III LLC—with operating a $110 million Ponzi scheme. The scheme allegedly defrauded over 400 investors, including elderly retirees, across 20 states. Investors were misled into believing their funds were safe and would yield steady returns, but the SEC claims the returns were paid using other investors' money. A court has frozen the defendants' assets, and investigations are ongoing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
\> Could you try a different protocol to a local bank, or is your only business account on Wise? Kraken supports SWIFT to non-US accounts. I only have Wise at the moment, so I'm looking for crypto-friendly banking. Just for more context: I accept payments via BTCPay (self-custody) and therefore I need to convert cryptocurrency to fiat somewhere to be able to correctly register income in documents in my country. My LLC is registered in the US, so I can't create a non-US account for it anyway :) \> And if Wise doesn't support ach and wires from cryptocurrency exchanges, but somehow still support such transfers from onesafe, they will shut it down as soon as they discover that onesafe is an exchange. Correct. I don't plan to use Wise for crypto payments. According to the Onesafe website, they support Swift transfers. If I understand their description correctly, this service is an analog of Redotpay or Trustee Plus, but for business – that's what I'm looking for. But there are catastrophically few reviews, so I want to try to find at least someone who has already used their service)
I am a resident of Ukraine and my LLC is registered in the US. Both of these countries are not supported by Redotpay (ыearch for "RedotPay Unsupported Countries", Reddit removes the link to the article) + there is almost no information on their website about whether they open an account for businesses
I need to be able to withdraw cryptocurrency, received from my business, to fiat. I have an LLC in US and the only service I could open was Wise, which prohibits cryptocurrency. So I'm looking for something that will allow me to interact with cryptocurrencies
The LLC didn’t sell anything. Most was locked and as some has come unlocked none has been sold. Revenue is from trading fees. You say blatant corruption and I’m only arguing where? I don’t like they started the meme coins at all. I also didn’t buy it. Meme coins are a joke. So many “experts” here claiming bribes, money laundering, etc. Where is it? Just typical Trump haters making shit up as if it’s fact. Again, I personally don’t like any of it. No more than I love Pelosi being a stock genius which NONE of you have any issue with. It’s all just the typical right vs left. I don’t think ANY of it is ok. I also don’t think it’s corrupt anymore than Pelosi. She uses info nobody else could have to make personal investment decisions. So the Trump family takes advantage of their name basically and you throw a fit. Little bit of hypocrisy don’t you think?
What if my business is solely crypto investing? Also, how do LLC treat overseas expenses? Let's say living costs of being a year in bali
And how do you use them to buy my lambo and my house? Can these be consider costs of my LLC? Even if personal use?
A crowdsourcing hedge fund backed by the billionaire Paul Tudor Jones looks poised to more than double in size with a big influx of cash from JPMorgan Asset Management. San Francisco-based Numerai LLC says it has secured a commitment of as much as $500 million from JPMorgan Chase & Co.’s asset-management arm to be deployed over the next year. The quantitative firm currently runs about $450 million. Numerai, which launched its first fund in 2019, buys and sells stocks based on trading ideas sourced from freelance finance quants. The latter are compensated in the firm’s native cryptocurrency, which they also use to signal confidence in their forecasts. The JPMorgan Asset Management commitment comes after Numerai posted a 25% return last year, rebounding from a big loss in 2023. Along the way, it delivered positive performance for 15 months in a row. “That’s when investors like JPMorgan started to be like, ‘Whoa, you guys aren’t just back, you’re way back,’” Richard Craib, Numerai’s founder, said in an interview. “People don’t really want to invest until there’s a track record. And when you’re doing something super unusual and different, like we are, they might wait even longer before they get excited.” A spokesperson for JPMorgan declined to comment. Numerai’s unconventional business model taps into a slew of hot Wall Street trends, including democratized trading, artificial intelligence, and cryptocurrencies. The fund’s strong performance comes as other quant firms also score decent returns, with many increasingly experimenting with machine learning to develop their trading signals. Wall Street’s interest in harnessing the wisdom of crowds has been growing in recent months following the success of prediction markets like Kalshi Inc. and Polymarket in forecasting the US presidential election. But while those platforms show skin-in-the-game wagers from a broad sample of bettors to derive relatively simple probabilities, Numerai seeks to develop sophisticated stock strategies with the help of highly skilled amateurs. It’s an approach with a decidedly mixed track record. Quantopian, a startup backed by hedge-fund billionaire Steve Cohen that crowdsourced its signals, shut in 2020 after poor returns. Numerai itself lost 17% in 2023. Craib said his team then tweaked the fund’s playbook so that it ditched losing trades more quickly. A smaller pool of high-quality users contributed to the subsequent recovery. Numerai lets members parse a whole assortment of data on 6,000 stocks across global markets from price history to valuation ratios, without users knowing what the underlying metric actually is. Participants then score each security, which are also obfuscated, on how likely they are to beat or trail in the coming weeks. Because the given data is abstract, machine-learning techniques are typically employed to produce trading signals. Users bet on their own predictions with Numeraire, a digital token issued by the firm. Those who do well get more “NMR” tokens, while those do poorly see their holdings shrink. Numerai builds a long-short portfolio based on how much of the digital currency members stake on their models. The Numerai One fund, which charges fees that are close to the hedge-fund industry norm, has delivered gains in all but one years since inception, including a 20% rally in 2022 when market collapsed. It’s estimated to be up about 6% net of fees this year as of Friday. An index of quant equity market-neutral funds kept by Aurum returned 7% in the first seven months of 2025. Frustrated Hedge Fund Investors Push Back on Sky-High Fees Craib likens his firm to multi-strategy hedge funds like Millennium Management LLC because its performance relies on a pool of diverse investment ideas. One major difference, Craib says, is cost efficiency. While Numerai recently bought back $1 million of its NMR tokens — to both reward stakeholders and ensure it has enough tokens in its Treasury to support staking and payouts — it generally costs nearly nothing to add new users. And no one is excluded as long as their wagers are backed by stakes. In contrast, funds such as Millennium typically spend tens of millions of dollars to lure talent, and once a strategy fails to deliver it can get shut down quickly. “It’s the question of waste: Did you really need to suck up that much capital and talent to make a hedge fund?” Craib said. “If you could have one hedge fund that was connected to all of the talent in the world and gave away very high quality data, then you would’ve really done something and changed finance.”
Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/22707/ Canary Capital Group LLC is seeking the U.S. Securities and Exchange Commission’s approval to list and trade an exchange-traded fund that tracks the price of a memecoin linked to President Donald Trump. In a registration statement filed on Tuesday, the firm proposed the Canary Trump Coin ETF. “The Trust provides investors with the opportunity to access the market for $TRUMP through a traditional brokerage account without the potential barriers to entry or risks involved with acquiring and holding $TRUMP directly,” according to the filing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Just put your crypto holdings under a LLC and then eliminate "profit" by using any profits to purchase assets to expand the business indefinitely
Sounds fun. I journal my trades; helps me track group performance over time. LLC or trust?
>and its backed by Google and IBM One step further. As far as I understand, Google and IBM are *owners* of the Hedera LLC. Along with the rest of the council.
Will you comment about Useless using stolen IP, trademarks, and copyrights ? The OG useless from 2021 dominated reddit last cycle, check r/UselessCrypto It's a registered LLC with trademark ownership of the logo and name . The logo is also copyrighted Have you got any comments to say about this?
That interesting because that link you provided takes you directly to a page where “Unlock Premium” is front and center and blasting you in the face. Just provide your email which then gets you spammed with offers to upgrade. Since you’re so transparent why do you make every effort to hide who you are? There’s no information whatsoever about the founders, creators, developers of this website. No business address or telephone number. No LLC company name provided… Hmm, I wonder why? Because there aren’t any. It’s all AI created garbage created to data scrape users and sell a crappy AI driven trading software. You’re not the creator. You clearly paid for ChatGPT or the like to make this crap for you to try to sell to make money and now your here acting like your this altruistic person just giving away this amazing software for free. What a joke. You’re aren’t fooling anyone. Or, ya knowknow, provide your name and that of your team.
"Brian Kelly *is Founder & CEO of BKCM LLC*, a digital currency investment firm"... of course he will praise BTC ....
My man you really have some research to do on taxes. This is all regarding taxes and taxation on realized gains. This is where it gets you short-term gains will eat 30% of your ROI. Especially if you are paying taxes to two separate governments. Cryptocurrency is not a completely clean way of avoiding taxes. The only clean way to avoid taxation on realized gains is to never sell. You only hold on to things and borrow against them repositioning as needed. This is why you're seeing a discrepancy between currencies. There's always fluctuation and volatility in currency. It's inherent in the way that the M2 money supply is created. You will always have to liquidate BTC in order to spend it in whatever country you are in less two countries that have adopted it as currency, but I don't see any major Powers swinging this way. It seems BTC will be a capital asset and not a monetary system directly. Even if you account for the lightning Network or a layer 3 solution, it's just not a good payment system. The underlying network is going to batch very large transfers and it will become a tool for Capital just like you mentioned using gold. But it relies on the internet. If the government decides that they want to freeze your wallet you're cooked. The only way to avoid this really is too offshore your accounts and create an LLC outside of the country you live in. If you're prepared to hold it forever, then there really is no difference in whether you invest in. Dollar cost averaging will get you where you need to go, regardless of what the investment is, as long as it is sound financially. And actually the stock market long-term can't be beat by Bitcoin, not just yet. There has not been enough time to establish predictability. It's still considered a volatile asset. So if you do have to liquidate you're still going to be dealing with fiat.
i agree - your numbers also show how Moss is overly optimistic, which is why i use more conservative estimates. based on above max drawdown %, the model showing the ratio of peak:trough shows a downward trend. 2013-2015 -87% (1150:170) **0.852** 2017-2018 -84% (19800:3200) **0.888** 2021-2023 -77.5% (69000:15500) **0.775** Each cycle's largest crash is still severe, but the relative depth of the drawdown has been shrinking. that indicates bitcoin is maturing, and is still volatile, but less volatile as price increases. However, i think Moss is optimistic is because makes two assumptions - the volatility will drop faster than is modeled (should be at 0.699 in 2030, not 0.5), AND he thinks BTC CAGR will be at 53% for 5 years. i think expecting higher volatility (0.75), and lower CAGR (20%) is a more realistic prediction. i also think Saylor is within ballpark, but he has a LLC he can walk away from. For my personal savings, i think expecting BTC to underperform 29% gives me something to look forward to if his crystal ball is better than anybody else's.
This doesn’t sound right, you would still report your earnings. Businesses and LLC’s are allowed to own property. The conversion would be an unnecessary taxable event. It’s likely just something you’d ask your payment processor company then as far as anyone is concerned you take the payment like any other tap or qr payment.
Good points u/Stock_Letterhead_719. You're right that some investors use Checkbook IRAs or multi-sig setups to hold keys, but there are risks worth knowing. With a Checkbook IRA, if you control the LLC and the wallet, the IRS could see that as taking possession of IRA assets. That can lead to taxes or even disqualify the account. The McNulty v. Commissioner case showed how that can happen. With multi-sig, even holding one key might be seen as too much control. The IRS hasn’t given clear guidance, which creates gray areas. At Accuplan, we stick to institutional custody through Coinbase to avoid these issues while still giving clients direct crypto exposure in a Roth or Traditional IRA. Self-custody has its appeal, but for tax protection and compliance, it’s good to understand the tradeoffs.
As far as I am aware, there are actually two Tax Advantage IRA options where you can hold the keys, kind of. This is not investment advice! First option is a Checkbook IRA/LLC, start an LLC, purchase Bitcoin through the company and let the company hold the keys. This could run afoul with the IRS but seeing as the IRS has been seriously downsized, I doubt it'd be a problem. Second option is Unchained Capital's Bitcoin IRA. You purchase Bitcoin through them and you hold part of the keys in a multi signature setup.
tldr; Lake Superior Academy, a Canadian elementary school, has filed a lawsuit against a nearby cryptocurrency mining center over persistent noise issues. The mining operation produces a high-pitched metallic hum, disrupting outdoor activities and classroom plans. Despite attempts to resolve the issue, the noise continues, even after temporary court-ordered shutdowns and noise-reduction measures like hay bales. The mining center, owned by Odessa Partners LLC, has yet to respond to the lawsuit, citing financial losses from halted operations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Side note, you and your partner could create an LLC to purchase the new home, wherein you could have terms for dealing with an early dissolution of the business should the relationship sour. Kinda like a prenup minus the marriage. Plus it would be another layer of financial protection in case the housing market bottoms out.
Side note, you and your partner could create an LLC to purchase the new home, wherein you could have terms for dealing with an early dissolution of the business should the relationship sour. Kinda like a prenup minus the marriage.
Correct, and this is what I do with an S-Corp. so if someone wants to setup an LLC or a corporation and then start their own solo 401k, that’s how to do it.
You need an LLC or something like that to hold retirement assets. You can’t hold them yourself. This has been confirmed by legal decisions regarding precious metals holdings.
TrustMeBro LLC has spoken.
Mine bitcoin at abundantmines.com insured hosting. The bitcoin you earn comes from the mining pool of your choice, often offshore. Report the earnings as you choose to fit: LLC, trust, Roth IRA, etc...
Sometimes it's Hopium LLC
I think you are confused about what an HOA is and I don't know what you mean by "HOA should be the entity that profits from property sale" There is reason for title agencies and real estate brokers and simply put is that you are putting trust in known centralized organizations to ensure you are paying for the real rights and no one is pulling a fast one on anyone. Replacing that with a trustless crypto version sounds nice and will eventually be a reality however imagine the scams for a second. Imagine the potential for issues. When you get your crypto wallet scammed you might be out $100, $200, maybe you're ones that have a lot of money but the minimum is small. Dealings with real estate the minimum is a lifetime of work for most people, most average people would want something traditional and easy to be worry free with. Lower stakes such as renting automatically building equity via smart contracts towards potential purchases but what happens when some unscrupulous property slim lord comes in and does this and then after decades of building equity the slum lord doesn't give the equity and leaves overseas or had an LLC protecting them or something
Not sure how you want to do the back end of paying yourself from your company or LLC but as far as the Coinbase side, you can do a recurring buy either daily, weekly, biweekly or monthly for whatever amount you’d like
That and a 225 year old $800B publicly traded company under SEC scrutiny is also less likely to be fraudulent than a start up LLC operating in the shadows.
Generational wealth. Set up a FamilyName LLC and stop paying taxes. Everything legally possible is a business expense. Bring kids on as partners to avoid inheritance taxes. Learn the tricks that rich people use to stay rich. My goal is that my great grandkids will be rich.
US is the best place to have a LLC in Wyoming and live elsewhere with territorial taxes but that's about it
Hey Meklonar thanks for the questions Ill answer the third one first! And Ill loop back aroud to the other two ! There are a number of businesses operating in broadly the same space as us, including One Trading (a strategic partner of ours), Zodia Markets, Crossover Markets, Crypto Finance AG, Hidden Road LLC. However, none of them have as sophisticated a product offering as we do. It is our view that nobody has managed to put the pieces together to bridge digital assets with TradFi in the way we have. What we are doing is not as easy as many might think, and there have also been a number of very heavily backed businesses trying to operate in this space, that have failed to get a viable business model up and running, and have folded, such as Pure Digital for example, which was backed by BNY Mellon and State Street.
OMG, kid. You got this. Work your ass off and be the best you can be; don’t spend more than you make, stack sats, save your money, and flip off all your previous employers and LLC partners for me when you Lambo.
It’s not back traceable and recoverable by an institution. The feature is that it’s not a bank. It doesn’t tell you who you can send money to or not. It doesn't have a 5k daily transfer limit, etc. the bank can’t step in and tell you “no you can’t send to that person” But, unlike a bank, if you put in the wrong bank account and routing # for an ach push on accident, you can just call and have it cancelled, there is no stop payment or reverse with btc. The feature is it isn’t governed by a private organization or government. And part of that feature is that when you send to the wrong address you can’t just call BTC LLC, or the U.S. department of BTC and have them fix it for you…
This take was brought to you by TrustMeBro LLC.
Converting to an LLC IRA so you can own your own keys…it takes some time but then you eliminate the risk of CEX failure (FTX, BlockFi)…don’t ask why I know….
Unchained is a solid choice for self-custody IRA, that does not require a complicated trust or LLC setup. They are currently the only custodian that accepts in-kind BTC transfers in - if you wanted to transfer from a custodial bitcoin IRA like iTrust or Bitcoin IRA, both pluses. That said, I like AdvantaIRA - when partnered with River and The Bitcoin Adviser, as an alternative. IMO there is more control over each aspect of the IRA - custodian (direct relationship), exchange (direct, and allows to time bitcoin buy transactions), and self-custody (TBA multi-sig, collaborative security). You can also set up self-directed HSA, Solo 401K with them. Each is also very high-touch in terms of customer service. Here's a good video overview. Happy to answer any questions here or send me a message. [https://www.advantaira.com/blog/the-advantages-of-bitcoin-in-self-directed-iras/](https://www.advantaira.com/blog/the-advantages-of-bitcoin-in-self-directed-iras/)
Yeah it came off like you were trying to be an ass but yeah as far as the LLC goes I mean obviously using personal credit to co sign for business loans until I can establish some business credit … use business account to DCA bitcoin weekly … if you have great credit you can still get business funding you have to have a plan that the bank can see in regards to potential revenue growth etc of your business .. you can get startup loan or equipment loan many different types of loans you can get to jumpstart business
You're right to be asking questions, am sorry for causing offence. The point I meant to make was made better by someone else in comments. It's a very individual thing, only you know the answer. If I could rephrase it I'd probably tell you that we can't really advise on it. I wasn't being funny when I asked about how you will get credit from the LLC. That was genuine curiosity, I have a company I'm thinking of doing the same with it but I've never applied for commercial credit.
So I can’t ask questions on a public forum and get other perspectives bc I’m 30 ? You’re weird af I don’t need the internet to tell me what to do I needed some perspectives to see if I can get some that differ from my thinking and my LLC will get funding leveraging amazing credit clearly
I’m fully 100% all into bitcoin I don’t plan on selling .. I feel like I’m behind I’m 30 years old and just want to stack as much as possible I don’t care what price does I already know the endgame theory … I’ve created an LLC to try and leverage credit and business loans by years end to acquire a lot more than I would DCA weekly
Awesome! Crypto assets held through Composer are custodied by Alpaca Crypto LLC. While crypto isn’t covered by SIPC insurance like equities, assets are held 1:1 in segregated wallets.
I think they all use Coinbase, except for Fidelity which self-custodies. However, Google's "AI overview says ARKB uses multiple custodians: > The ARK 21Shares Bitcoin ETF (ARKB) is custodied by Anchorage Digital Bank N.A., BitGo New York Trust Company LLC, and Coinbase Custody Trust Company LLC. This represents a diversification strategy for the ETF, as it's not reliant solely on one custodian. This move also highlights the growing trend of using multiple custodians in the crypto ETF space to enhance security and reduce concentration risk. I don't know if this is accurate or not. Do keep in mind that Google's AI bot is the one that suggested using glue to stick the cheese to the crust on pizza.
Well, let me straighten this out a little. If it’s an LLC, likely is a disregarded entity for tax purposes (files as part of his return), or operates as an S-Corp, which would flow through the income to him. Either way, he was responsible for the tax, not the LLC.
The business would still owe taxes on the profit (the ETH received and the price at the time of transaction). In your scenario, your LLC would owe taxes. Would that be better than income tax? idk
What if he sold the NFT under a LLC, said LLC then spend all the money to reinvest in a 3mil property, which he can then rent for 1cent a month? Would any tax be owed that way?
tldr; Former Ripple Chief Risk Officer Greg Kidd is set to take control of Know Labs, a company specializing in non-invasive health monitoring solutions. Kidd's affiliate, Goldeneye 1995 LLC, will acquire a controlling interest in Know Labs, with Kidd becoming CEO and Chairman. The deal includes a 1,000 Bitcoin investment as part of the company's treasury strategy. The transaction aims to leverage Bitcoin for sustainable growth and is expected to close in Q3 2025, pending shareholder approval and other conditions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Well, let’s put things in perspective. There are lots of people out there who understood leverage but lost all their money and then some in numerous recessions, crashes, etc. Anyone who understood/stands Bitcoin also understands that its success has never been guaranteed. The thesis is strong and the use of debt shrewd, but if macroeconomic conditions didn’t cooperate and/or if Bitcoin wasn’t adopted the way it has been, OP could have found himself in a mountain of debt. And considering he used personal loans as opposed to using an LLC or other protected entity, he would have been, simply, fucked.
Hi, removing the standardness limit for OP_RETURN outputs in Bitcoin Core will not add ~1MiB of data per block, no. This change does not affect the block size, in fact it does not affect any of Bitcoin's consensus rules (OP_RETURN outputs are unbounded by consensus). You may have read misinformation that this change would somehow affect the cost of running a full node. This is not true. It is part of a propaganda campaign to benefit a company (Ocean LLC) and get users to run an alternative, poorer quality, Bitcoin client (Knots).
The LLC is insanely expensive, complicated, and bureaucratic, I dont see it as a real viable solution tbh The buying and sending a portion of Moons by our advertisers to the community fund sounds much simpler and better.
how long would it take to get LLC done? can we get it done before all distribution moon ends?
Okay, thanks. But at some point, we need to get the LLC rolling. We do not want a gap in distribution. That could be devastating for Moons. The project would look dead in my opinion.
I can do that now with my LLC IRA, but I cant hold them in my own wallet. Any idea if you get to hold your own keys?
Talking a lot of shit for someone who lives in a trailer in Winchester. Fucking dumb doing this with an LLC registered to your home address my guy.