Has anyone established their own LLC for SDIRA without a lawyer?

[Jack Brethauer]

Hi BP community - Has anyone done the legwork of establishing their own single member LLC for their self-directed IRA? My CPA/attorney can do it for me of course but wants $3500 to do it, which is typical for CA. I've used him one before for an LLC but realize there's a lot of boilerplate and window dressing in that cost (fancy certificates, embossed stamp, etc.). I'm trying to weigh not just the potential savings in dollars but the value of risk mitigation and having him in the loop since he also does my taxes and estate planning.

[Dmitriy Fomichenko]

Jack,

IRA LLC is not a DIY project, you should use a professional who can set this up correctly. I agree with George that price you were quoted is in the high end of spectrum. There are several of us here on BiggerPockets who provide this service, select couple people who provide quality service (do your research), check references and speak about your particular situation. Then you can make a selection.