The chart below is a high level overview that should only serve as a guide. Contact an Advisor for more detail and to verify that any assumptions you make are valid prior to actually choosing a plan.

Activity

IRA LLC

Solo 401(k)

Business IRA

Passive Investments (Real Estate etc)
Limited Liability Protection
Checkbook access of funds
Requires custodian/administrator
Unlimited Investment choices
Designed for total control
Designed for self-employment
Self Administration (no custodian)
Personal loan provision
Designed to run a small business
Can use funds for any business purpose
Can receive salary and benefits