Checkbook IRA LLC

A Checkbook IRA LLC, is an entity in which the SD IRA owns an LLC and names the owner of the IRA as the manager.  This type of IRA can offer greater control over assets (the investor as manager writes the checks), but is a relatively new concept and has not been time tested.  Additionally, setting up a checkbook IRA often requires a legal advice regarding liability and one must adhere to strict restrictions and incurs greater set up costs.