Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hello, I will try to help you. Please remember I just report or interpret the law, so the outcome may not be what you hoped for. I assume that you are under the age of 59 1/2. If you make a withdrawal under that age you are subject to a 10% penalty in addition to the federal and state taxes that are applicable when a distribution is received. Funding your corporation would not fall into one of the types of distributions that do not incur the penalty. The answer to your question is that you can take money from your IRA but if you are under age 59 1/2 it will be subject to the normal taxes on an IRA withdrawal plus a 10% penalty.
If I have answered all your questions, please rate my answer excellent as that is how I am compensated. If you have more questions, please let me know. If the answer was especially helpful you can provide a bonus.