FFL question

[fitz19d]

Was thinking, with all the requirements for records on an FFL Holder. Does that mean that they pretty much lose the ability to make face to face non NCIS checked sales? Or how do they separate make the distinction between guns they've ordered and sold for profit vs bought themselves and then sold later? Is it for personal use they have to use another FFL to transfer or something and any they order from like a wholesaler are what go on the books?

[BPTactical]

Firearms transferred under the license of the FFL MUST be logged into the FFL's A&D books.
Privately owned firearms of the licensee do not have to be logged into A&D books although it is reccomended that they be inventoried in some fashion.

A firearm out of the licensee's personal collection is exempt from 4473/ NCIS requirements and standard FTF protocols apply (given it meets the criteria below.)

A licensee may transfer an item from the licensee's inventory to their personal collection. Once transferred it must remain in the licensee's personal collection for a minimum of one year before the licensee can transfer it in a standard FTF transaction. If a transaction of a personally owned item prior to the one year elapsing occurs it must be transferred via 4473 and NCIS protocols.

Items the licensee purchases in a normal over the counter transaction are exempt from the one year requirement as well.
The BATF realizes that FFL's will bring in items for their personal use. It is when the majority of items transferred under the FFL are aqquired into a personal collection they get a frowny face.

[Bailey Guns]

Unless your license is in the name of a corporation.

That's how I did it. That way, if I wanted to transfer something out of my shop to me, I had to do a 4473 and background check on myself.

But, if I saw something on the forum and wanted to buy it personally, no problem.

Then I could later resell those private guns without paper as private sales.

Keeps the business life separate from the personal life. Was better for liability reasons, too.