Advantages of using an LLC vs Self-Directed IRA?

What are the advantages of using an LLC versus just having my self-directed IRA purchase an asset?

Some of the advantages of using an LLC in your self-directed IRA include:

• Control—you literally have a checkbook that is linked to a checking account that is set up in the name of your LLC under its own tax ID number. When you identify an investment that you want to purchase, you can just write a check. You don’t have to fill out paperwork, get approval from the administrator, or wait for someone else to fund the investment—you can take care of it yourself. This can be particularly helpful in investments that have a limited time period or are being auctioned.

• Cost—Checkbook control can help you avoid transaction fees and check-writing fees that are typically associated with a self-directed IRA. If you own multiple investments in your LLC, your administrator only charges you for one asset, the LLC.

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