Form 1 CLEO sign off in Arapahoe county?

[micah360]

Any of you do this successfully before?

I live in Englewood and went to the local station and they sent me on to the county Sheriff's office. Now the Sheriff's office is telling me to go back to my local. The runaround begins!

Anybody have any suggestions for me?

[HunterCO]

Set up a trust or go corporate Arapahoe, Douglass, Adams, Denver will not sign off.

[roman gnome]

One more reason to be grateful for El Paso County,

we have it good here.

[micah360]

Yeah... that's what I was beginning to think. Bastards!

I have a corp already but I'm kinda confused on the steps to take. I don't have to send in fingerprint cards or photos either? Do I have to send a copy of the certificate that states that I actually have the corp? Do I always have to keep the corp to keep the NFA firearm?

[M2MG]

For a Corp Transfer you still have to do the Certification, and you need a copy of your Articles of Incorporation, along with the Form 1. Just remeber if you close the Corp, without transfering the NFA items you're in violation. If you do a Trust, you can also name a Trustee that can also have possession. Also with a Trust, your NFA stuff doesn't go through Probate when you die, it transfers to who you name in the Trust (as of todays laws).

Good luck,

M2MG

[HunterCO]

Are you limited to one NFA with a trust?

Nope there is no limit.

[micah360]

looks like a trust is the way to go...

[Scott]

What exactly is a trust and how does one go about setting one up? Are there requirements to age, background, etc.?

[micah360]

Here's 36 pages on it!

http://ar15.com/forums/topic.html?b=6&f=17&t=199942

[MuzzleFlash]

looks like a trust is the way to go...

One downside of a trust is that it's not perpetual. Say the Dems in congress bump the transfer tax from $200 to $20,000. This effectively screws over transfers except the ones with an estate exemption (if they leave that alone). With a Corp, you could sell the company without doing transfers. The company could persist through multiple generations. A trust can't be sold or bridge multiple generations. A corp can provide some modicum of protection from liability whereas AFAIK a trust doesn't. Frankly, I'd look at a partnership with rules of succession before going the trust route. The best thing you can do is discuss the pros and cons with an attorney.

+1 on the Arapaho Sheriff not signing. Gun Shot can fill you in on his experiences with the man and he worked for him for a time.