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Old January 21, 2012, 06:14 PM   #9
guntrustinfo.com
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Join Date: January 21, 2012
Posts: 2
Form an NFA Trust

I am a lawyer in Texas and I just moved a client's NFA items out of his corporation and into an NFA trust. There are so many transfer and possession restrictions with NFA items why would you want to bring that hassle into your business? I also would imagine that your insurance agent wouldn't like to hear that you have NFA items as part of you business property.

Moreover, in Texas if your NFA items are business property they are subject to annual property tax assessments. I am sure you can find someone in your area that specializes in writing NFA trusts as part of their practice.
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