SBD Posted May 25, 2022 Report Share Posted May 25, 2022 i have about 25 post samples i am thinking of giving up my sot 1 do i have time 1 month to sell them all? 2 how do i figure out what they are worth? what to ask? 3 do they have to be out of my hands by june 29th or just all my form 3s filled? Quote Link to comment Share on other sites More sharing options...
eMGunslinger Posted May 25, 2022 Report Share Posted May 25, 2022 You'd be better off paying your SOT and selling after that, give yourself more time incase something happens. 1 Quote Link to comment Share on other sites More sharing options...
Got Uzi Posted May 26, 2022 Report Share Posted May 26, 2022 You are a little behind the curve waiting so close to the end to want to sell them off now. I agree it might be worth paying your SOT for another year and then you have more time to get the best money for them instead of a fire sale.....then again if you just want to cash out and be done, I can't fault you for that as I don't know your situation. Quote Link to comment Share on other sites More sharing options...
pa123guns Posted May 26, 2022 Report Share Posted May 26, 2022 I would post them all as $1 starting auctions on gunbroker. You can sell them all in one week no issue (don’t need to know the price as market will set it for you). If you don’t want to do that way as others said your best bet is to renew and then immediately work as closing down. Either way there is a big demand for no law items you will have no issue selling. If you are sending out a list of what you have please include me. Otherwise best luck with closing down! 1 Quote Link to comment Share on other sites More sharing options...
Ryo Posted May 27, 2022 Report Share Posted May 27, 2022 I always wondered what was the procedure for selling posties when giving up the SOT. I'm assuming you have to notify the ATF so they would approve any postie transfers. Also what if the transfer took a extra long time and it didn't complete until after you license expired (which is OP's case). Personally I'd just pay the $500 to ensure you don't get into some issue. I'm sure your stuff is worth more than $500. I'd too be interested in buying some of your post MGs. Quote Link to comment Share on other sites More sharing options...
Cessna_210 Posted June 3, 2022 Report Share Posted June 3, 2022 Following - as I am also curious of the process here. We've got a handful of post-samples, and I've never seen a clear cut answer on the process for how to legally transfer them. Is there a known time-frame of when this needs to be accomplished - I.E. once you notify ATF of non-renewal, the clock starts until your license is expired? Anything else required in order for the Form 3's to go through? Should a list be available, I also would be interested with prices - my email is colton@icarusmunitions.com Thanks kindly. Quote Link to comment Share on other sites More sharing options...
SBD Posted November 28, 2022 Author Report Share Posted November 28, 2022 thanks for the posts so to help out some1 else you must have 3 months minimum of sot left before you can quit otherwise u must renew. the way u quit is to submit a letter of intent so the atf has enuff time to process your transfers and that letter of intent must be filed with your form 3s as a no letter sale only to 07/02 or importers others still need a letter they can also be destroyed or donated to a law enforcement agency form 5 Quote Link to comment Share on other sites More sharing options...
Ryo Posted December 2, 2022 Report Share Posted December 2, 2022 So 8 months before your expiration date you send a letter of intent (separate from a transfer)? Then when your form 3 to another manufacturer FFL, you just send another copy of the letter? Quote Link to comment Share on other sites More sharing options...
SBD Posted December 8, 2022 Author Report Share Posted December 8, 2022 you can submit the letter @ anytime during the year, but it must be at least 3 months before your sot expires(june 30) they only give you three months to dispose of your inventory. so if u submit a letter of intent on jan 15 your inventory must be out of your hands no later than april 15 yes on the form 3 it has a area to attach docs you include your giving up your sot letter where you would normally put the leo demo letter Quote Link to comment Share on other sites More sharing options...
United Surplus Arms Posted December 16, 2022 Report Share Posted December 16, 2022 I didn't realize you had to give up all your FFL's and SOT's to sell no letters - that's good to know. Quote Link to comment Share on other sites More sharing options...
SBD Posted January 24, 2023 Author Report Share Posted January 24, 2023 Are you sure i have to give up my ffl too? i thought the sot didn't have anything to do with the ffl? Quote Link to comment Share on other sites More sharing options...
SBD Posted January 24, 2023 Author Report Share Posted January 24, 2023 that is not what i was told, but i get told something different. 5 people 5 different answers Quote Link to comment Share on other sites More sharing options...
fifthmdec Posted January 25, 2023 Report Share Posted January 25, 2023 Read section 479.105(f) carefully, there is a word in this section that should help to clarify the going out of business part of it. Quote Link to comment Share on other sites More sharing options...
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