*If this is in the wrong section, feel free to move.*
I am considering getting an FFL and SOT when I get out of the Army. Right now I am just trying to figure out all the little legalities, rules, exceptions, etc. related to the process.
-I have heard conflicting information regarding ITAR. Do all Type 07/Class 2 manufacturers have to pay?
-My theoretical gun business would be set up as an LLC. I know that in cases of non-FFL LLC's, any items purchased by the LLC are owned by it into virtual perpetuity (depending on how it's set up). If one were to be a Type 01/Class 3 dealer, any items I purchase are owned by "my business/LLC", not "me". If I were to let the FFL/SOT expire at a later date, would I have to transfer my NFA items to myself, paying the $200 per? Or as long as the LLC still exists, do the items remain owned by it, with no additional tax needing payed?
*Edit*
I think I just found my answer on SilencerTalk. Appears that no additional tax is needed if the SOT expires. Still, any input is welcome.
-Regarding LLC's, if I were to name my dad/brother/whoever as "members" or whatever of the LLC, are they legally able to conduct day to day business related to the FFL/SOT process, just like a normal gun store employee?
I realize most of you are not lawyers, ATF agents, etc. I'm just looking for help from those who have gone through the process.
I'm sure I'll think of more questions later.
I am considering getting an FFL and SOT when I get out of the Army. Right now I am just trying to figure out all the little legalities, rules, exceptions, etc. related to the process.
-I have heard conflicting information regarding ITAR. Do all Type 07/Class 2 manufacturers have to pay?
-My theoretical gun business would be set up as an LLC. I know that in cases of non-FFL LLC's, any items purchased by the LLC are owned by it into virtual perpetuity (depending on how it's set up). If one were to be a Type 01/Class 3 dealer, any items I purchase are owned by "my business/LLC", not "me". If I were to let the FFL/SOT expire at a later date, would I have to transfer my NFA items to myself, paying the $200 per? Or as long as the LLC still exists, do the items remain owned by it, with no additional tax needing payed?
*Edit*
I think I just found my answer on SilencerTalk. Appears that no additional tax is needed if the SOT expires. Still, any input is welcome.
-Regarding LLC's, if I were to name my dad/brother/whoever as "members" or whatever of the LLC, are they legally able to conduct day to day business related to the FFL/SOT process, just like a normal gun store employee?
I realize most of you are not lawyers, ATF agents, etc. I'm just looking for help from those who have gone through the process.
I'm sure I'll think of more questions later.