Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

October 18, 2023

IRA LLC vs. IRA Trust: What's the Difference? 

In today’s video, we’ll be comparing our two Self-Directed Checkbook IRAs: the IRA LLC and IRA Trust.

How Are They Similar?

The IRA LLC and IRA Trust are both Self-Directed Checkbook IRAs that allow you to invest with checkbook control. With checkbook control, you can invest in alternative assets in real-time without a custodian for everyday transactions.

The IRA LLC and IRA Trust avoid transaction fees normally associated with Self-Directed IRAs. That’s more money for you to invest!

Lastly, IRA LLCs and IRA Trusts are available in all 50 states.

How Are They Different?

The IRA LLC offers multi-member investing, which the IRA Trust does not.

Though the IRA Trust has a strong level of liability protection, it’s not as robust as the protection of the IRA LLC. If you’re looking into foreign investments, the IRA LLC is recognized in most countries, whereas the IRA Trust is not as widely known.

On the other hand, the IRA Trust offers more confidential investing, as LLCs usually must file with the state in which they’re set up. Depending on the state, you may be required to pay state fees and a franchise tax with the IRA LLC. With the IRA Trust, you avoid these additional costs.

Not Sure Which Account Is Best For You? We’ve Got You Covered.

One of our friendly and knowledgeable Self-Directed Specialists will be happy to guide you to see which Checkbook IRA is best for your investment. It’s time for you to gain control of your investment ideas with one of Broad’s Checkbook IRAs!

Disclaimer: Broad Financial LLC does not provide legal, tax, or investment advice. Please consult with your tax or legal advisor before making investment decisions. 


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