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Old May 30, 2012, 01:50 PM   #2
James K
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Join Date: March 17, 1999
Posts: 24,383
I would write BATFE and ask them those questions, but here is my $.02.

A question - Is the suppressor owned by the corporation or by you? Whose name is on the transfer paper?

If the item is owned by the corporation, and you, as a corporation officer want to buy it, it is my understanding that any time a corporation owns an NFA firearm (which includes suppressors), and an officer/director of the corporation wants to buy that item, it is a new transfer from the corporation to the officer as an individual, requiring a Form 4 and tax stamp. The corporation does not have to be a dealer; it is a "corporate person" and (local law permitting) one person can transfer the item to another person within a state without going through a dealer, as long as the Form 4 is approved and the tax paid.

If the above is correct, and you want a suppressor for personal use, it might be better just to buy one from the supplier directly in your own name and save $200.

As to where an NFA item can be stored, another question for BATFE, IMHO. If a corporation which is not a dealer owns NFA items, AFAIK they can be stored in any location owned by or under control of the corporation. But your LLC is a licensed dealer so, again IMHO, the suppressor has to be stored on the licensed premises so as to be available in case of an audit.

Jim
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