I have a Type 1 FFL with a Class 3 SOT and a few pre-mays on the Type 1 FFL, I've had a Type 8 FFL for a few years and was thinking getting an Class 1 SOT for my Type 8 FFL. My questions are:
1) Will the Class 1 SOT cover both the Type 1 FFL as well since the Class 1 SOT is "a higher level SOT".
2) I am under the impression that a business only needs one SOT per location and it would cover the FFLs there provided it is the right class, such as the Class 3 SOT I currently have would not cover the Type 8 as the Type 8 FFL would be a Class 1 SOT but the Class 1 would cover the Type 1 FFL as if you are importing, you are also dealing etc and the Class 1 is encompassing enough to cover both import and dealing activities.
3) If I drop the Class 3 SOT, do I need to transfer the Pre-Mays to my Type 8 FFL or since they are Pre-Mays, I could just leave them on the current FFL or LLC the FFL is under since even if you drop your SOT, you can keep the Pre-Mays as long as what ever entity that houses them still exists.
Just want to make sure I have all lined up before paying for the Class 1 SOT and dropping the Class 3 SOT.
Thanks