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Updated over 5 years ago, 08/12/2019
Checkbook SDIRA - Trust vs LLC
Sorry if this has been answered elsewhere - I have a generic SDIRA through New Directions and am looking to switch to a Checkbook Control SDIRA because of fees and some investments I'm interested in exploring.
I have a family trust and have had LLC's in the past. The LLC had some extra work involved vs my simple trust.
My question: for a checkbook control SDIRA what is the reason for using an LLC vs trust? (beyond liability). A trust would be less expensive to set up and maintain and simpler. I see though that most people are using LLC.