Types of Accounts

Individuals
One individual holds property under an “unmarried” status to attest that there is no community property interest, or under a “married” status with the accountholder declaring the assets as sole and separate property.

Joint Tenants
Two individuals hold property jointly with rights of survivorship.

Self-Directed IRA / Keoghs
An Individual Retirement Arrangement (IRA) allows a person to save and invest money for use in retirement while deferring or eliminating taxes on the account’s earnings.  A Keogh plan is much like an IRA but is only available for people who are self-employed.  IRAs have custodians or trustees, as do Keoghs.  Vesting must always be in the name of the custodian or trustee for the beneift of the accountholder. 

Many traditional IRA custodians do not permit alternative investments such as Trust Deeds. Please consult with an Investment Advisor for further assistance. Preferred Trust Company, LLC is the preferred custodian of CM Capital Services. Visit their website at www.preferredtrustcompany.com or call 702.990.7892 to speak to an Account Representative.

Pension Plans
These plans invest the retirement funds of their members and take title in the name of the pension plan.

Trusts
Investments are held in the name of a family trust, testamentary trust, charitable trust, or an irrevocable trust and are controlled by the trustee, who must be authorized by the trust document to enter into and manage transactions. 

Corporation
The purchase of an investment vehicle by a corporation requires corporate authorization.  Therefore, bylaws or a corporate resolution authorizing transactions are required.

General Partnership
All partners can bind the partnership and all partners are liable for partnership debts if the partnership itself fails to pay.

Limited Liability Company (LLC)
Similar to a partnership, only without the personal liability of a general partner.  LLCs are composed of “members”, one or more of which is a “managing member” with authority to contractually bind the LLC.  Title is held in the name of the LLC. 

Limited Partnership
Consists of one general partner and many limited partners.  Only the general partner can bind the partnership, and only the general partner is liable for partnership debts if the partnership itself fails to pay. 

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