Had Interview, Quick Question
Had my Type 01 interview with ATF IOI today which went well. I formed my company as an LLC and have a quick question. The IOI told me that since the LLC is it's own entity that if I buy any personal firearms using my FFL I must
fill out a 4473 and do an NCIS check on myself and record it in the A&D book. Thought it was a little weird!
Thanks for any thoughts,
Yes, since there can be more than one person as a manager fo your Corp, the firearms are owned by the Corp and not any individual person, so if you wanted them off your book you have to "sell" them to yourself from your corp. The alternative (and one most do) is just leave the guns on your books. You're able to take them away from the business and store them off site as long as a responsible party on the FFL has possession of them. Normally, once I have a bunch that I know I'm going to kjeep for myself, I do a background check and take them all at once.
Thanks for the reply. Your explanation makes perfect sense. The ATF version, not so much!