A LOT of people get things confused, they confuse owning an NFA Title II weapon with being a dealer. As a dealer you do give up that right, but only on the business premises and only in regards to your inventory and logs. I think there is a limit of 2 "unannounced inspections" per year though. People hear rumors about this, and not understanding that owning a machinegun does not mean you are "licensed". In some states the ONLY way to own a Title II item is to be a dealer. Hence, all the confusion by the average person. Karl.