Me too I just recently started researching NFA and have so many questions right now.Originally Posted by Irving
Colorado AR-15 Shooters Club Discussion Forums
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Me too I just recently started researching NFA and have so many questions right now.
You sir, are a specialist in the art of discovering a welcoming outcome of a particular situation....not a mechanic.
My feedback add 11-12 ish before the great servpocaylpse of 2012
They both do the same thing, so its pay up front or over time. Personally I like the LLC route but thats my opinion.
The annual report is nothing more than going online with the state and basically verifying all of your info is still correct and paying $10.
Zombie you have a PM.
The jist of my question is, "What is the business purpose you put down when creating the LLC? Don't you have to have a business purpose?"
"There are no finger prints under water."
ATF National Firearms Act Handbook
http://www.atf.gov/publications/firearms/nfa-handbook/
The ATF website is a good place to get information. It doesn't ahve much on LLCs or Trusts though.
Replied! For everyone else, you don't have to tell the State or the ATF what the LLC actually does or hold. All they care about is that you filled out the paperwork and you have a name thats available for register.
So does the NFA investment register to the LLC or to the person that owns it?
Who are you to want to escape a thugs bullet? That is only a personal prejudice, ( Atlas Shrugged)
"Those that don't watch the old media are uninformed, those that do watch the old media are misinformed." - Mark Twain
The LLC owns the NFA item. A LLC is a "person" under NFA regulations. The paperwork only refers to the LLC. The NFA registry will only list the LLC.
So when you show someone your stamp, when someone wants to verify that you are legally in possession of the weapon; is the stamp good enough, or are they going to want you to produce even more documentation proving your relationship with the LLC?
"There are no finger prints under water."
The Form 4 (or whatever) will only have your LLC info on it. To show the chain tieing it to you it would require some documentation that you are part of the LLC, if the LLC information doesn't tie you to the LLC. If the LLC is Blue Sky LLC it would be different then John Q Smith LLC.
The only thing in your possession proving the NFA item you have is legally in your possession will be the form you sent in with the canceled stamp on it. The original form you sent in is returned with a canceled stamp on it.
The same tax stamp that caused a revolution BTW.
Who are you to want to escape a thugs bullet? That is only a personal prejudice, ( Atlas Shrugged)
"Those that don't watch the old media are uninformed, those that do watch the old media are misinformed." - Mark Twain
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