grimtale Posted May 26, 2019 Report Share Posted May 26, 2019 Looking to obtain my FFL & SOT for the purpose of selling some title 1 guns and obtaining some pre-may samples as keepers. My question is should I register my FFL/SOT as a sole proprietorship so if I ever drop my SOT, they would be in my name? Most people tell you its best to register your FFL in a LLC but what about in my scenario? Most of my other NFA items are in a gun trust, assuming you can't use it in this case in any way? Thanks Mark Quote Link to comment Share on other sites More sharing options...
Benjamin Tactical Inc Posted May 27, 2019 Report Share Posted May 27, 2019 Mark, You may want to talk with a firearms industry attorney re LLC pros and cons. LLC rules also can vary by state. I used Prince Law Group in PA when I started up and they were great. And of course, the purpose of a FFL/SOT is to operate a business. Good Luck! Ben 1 Quote Link to comment Share on other sites More sharing options...
mike todd Posted May 27, 2019 Report Share Posted May 27, 2019 GOOD ADVICE FROM BEN! its best to get all the legals from one trained to do so. from what I see in the past when it comes to inventory when the lic expires it remains the property of the primary lic holder and any "pre may samples" would be his to hold no matter how the lic is titled. Quote Link to comment Share on other sites More sharing options...
grimtale Posted May 28, 2019 Author Report Share Posted May 28, 2019 Thanks all. Was just curious. Primary goal is selling title 1 guns as part of a retirement business, the pre-samples were an added bonus. Mark 1 Quote Link to comment Share on other sites More sharing options...
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