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Old January 6, 2012, 11:40 PM   #7
rjrivero
Senior Member
 
Join Date: November 17, 2008
Location: NW Ohio
Posts: 1,399
Trust vs. LLC

The biggest benefit to an NFA trust is that it is private. Nothing registered with the state. No potential issues with probate, etc.

Ohio has no annual upkeep for LLC's so the one time fee of $150 is attractive vs. the $600 that the big NFA TRUST. com is charging for their trusts.

If you're going to form an LLC specifically for the purpose of holding NFA goodies, it may be a wash. The nice thing about doing an LLC is that you don't have to send in a complete copy of your Trust every time you add to your inventory. You just send a copy of the State Certificate.

A trust can move out of state, however your LLC is stuck in one state. If you ever have to move, you'll end up transferring each of your NFA goodies AGAIN, at $200 a pop.
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