The Checkbook Control Self Directed IRA LLC. What Is It, And Who Should Have One? In this video, we discuss the checkbook control IRA, LLC. What is it? Who should have one? And, what are the problems associated with it, as well as what solutions it provides. What is a checkbook control IRA, LLC. If you go online and search this term, you're going to get a lot of different opinions and a lot of different explanations as to what this is. So, let's talk about it real briefly. First, when somebody is mentioning checkbook control IRA, LLC, they're really talking about having an IRA - most likely a self-directed IRA - where the self-directed IRA is going to be a shareholder of an LLC. A lot of times it's a single member, LLC. This means that the IRA owns one hundred percent of the LLC, but the managing member of that LLC is the IRA owner themselves. What this allows them to do is set up a bank account, linked to that LLC, where the IRA owner has access to th
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