• Work with your legal counsel to insure that the entity's Operating Agreement has appropriate language for the IRA investor including: suitability statement, leverage and tax implications, prohibited transactions, disqualified persons, administrative responsibilities and plan asset rules.

NOTE: Investments in Single member LLCs will not be accepted by Millennium Trust (MTC) – consider appointing a tax or legal professional as your Administrative Co-Manager who will have 'Checkbook Control' for the entity.

• Complete MTC's Private Placement Certification form and submit to MTC along with copies of the Offering Memorandum and Subscription Agreement.¹
• MTC's Operational Assessment of a completed investment package takes approximately 2 to 5 business days.

¹ Note: Draft copies of offering memorandums will not be accepted.

• Schedule time to meet with an advisor to understand any tax, legal or investment issues related to the use of IRA funds to invest in Private Placements.
• Important Publications: IRS 590, IRAs IRS 598, UBIT IRC 4975, Prohibited Transactions DOL Plan Asset Rules.

• If IRA funds are not received, MTC follows up
  • Complete IRA Adoption Agreement and Transfer or Rollover form.
  • Sign where indicated.
  • Include a copy of a recent statement from your current custodian or retirement plan.
  • Mail to MTC for processing. (Faxes or photocopies are not accepted.)

• Transfer - Custodian to custodian transfer can take 2-4 weeks.
• Rollover from a previous employer's plan can take 5-10 days.
• Annual contribution made by personal check.

• Clearing time on checks is 5 business days from deposit.
• Investments requested during 7-day revocation period must have additional client approval.

• Review the Investment Documents, complete the Subscription Agreement and MTC's Private Placement Investment Direction.
• Submit all documents to MTC for processing.
• Upon receipt of documents in good order and once funds are cleared and available, investment will be placed within 1 business day.