Inherited IRA for Startup

[pgdds]

I have inherited an IRA from my father, and I would like to do a business startup. I am currently in an established dental practice where I own 50% of the practice. I would like to go solo and leave my current partnership. I have been unable to secure financing through banks and national dental lenders. It is looking more that I will have to self fund in order to start up my new office. Is there a way to use the Inherited IRA money without having to pay income tax on the distributions? I have read during researching this that forming a company retirement plan for the new entity and transferring the IRA over to the company retirement plan would allow me to access the money without paying taxes on the money used for the start up. Is this possible or is it not possible to do this?

Paul

[Freelancier]

Yes, you can have an IRA that owns property, but you'll want to work with an accountant and maybe an attorney to make sure the details are right.