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Updated about 5 years ago, 09/02/2019
Set up my own LLC for checkbook SDIRA or hire someone else?
I've set up my own LLC before in Missouri. It takes less than 30 minutes and costs around $55. I once paid a princely amount to attorney to do that for me and it took 3 weeks. I learned my lesson. So...
But what about setting up an LLC with checkbook control to use with a SD-IRA? Is this something I can handle myself with a few templates or should I should I hire a specialist, and how much could I expect to pay them? My local attorney wasn't able to assist.
And between checkbook controlled SD-IRA and a SD solo 401K, the latter is recommended by several here on BP. Can I convert the IRA to a 401K?