C&R to Class 01 dealer?

Cheapshooter · November 14, 2011, 12:48 AM

1. Have any of you gone from a C&R license to a dealer license, and become a "kitchen table" dealer to get good deals for friends, family, and yourself?

2. Was it much of a hassle?

3. If so, was it worth it?

jsmaye · November 14, 2011, 09:00 AM

IIRC (and I'm confirming this on the ATF website but, like all things governmental, it's glacially slow) 01FFL is intended as a business license, and private dealing is discouraged if not actually illegal. There must be a registered place of business or storefront, copious record-keeping, and the possibility (threat) of auditing to prevent these kitchen-table dealings.

Besides, giving friends and family good deals is a bad reason to start any business, especially one as regulated as firearms dealing.

Don P · November 14, 2011, 09:11 AM

Quote:

jsmaye

What he said plus. ATF will check to see if its legal for you to have a business at your home. Having the C&R is a head start and makes things a little easier. You will get a visit from the ATF to see what they may or may not be getting into. A friend here in FLA when opening his business actual store front counters shelves and the such was asked and drilled a bit by the ATF that this is not for enhancing personal collections and the such. All this was taking place in the store that the FFL was going to be for. So in a nut shell it may not be as simple as you would like to think. For a home FFL-01 you may have a better shot at it as a gunsmith.

32 Magnum · November 14, 2011, 12:06 PM

You will also be required to display a business license from your local municipality as well as approval from the CLEO of your jurisdiction. You will need to have sufficient liability, business and umbrella insurance coverage, as well. You WILL be audited at least every two years by a field agent to check your volume of retail business and a very close scrutiny of your bound book for correct listing of pieces acquired and disposition of pieces sold - with an accounting of any discrepancies by going over your entire in "store" stock.

November 14, 2011, 12:48 AM	#1
Cheapshooter Senior Member Join Date: December 2, 2007 Location: Missouri Posts: 8,306	C&R to Class 01 dealer? 1. Have any of you gone from a C&R license to a dealer license, and become a "kitchen table" dealer to get good deals for friends, family, and yourself? 2. Was it much of a hassle? 3. If so, was it worth it? __________________ Cheapshooter's rules of gun ownership #1: NEVER SELL OR TRADE ANYTHING!

November 14, 2011, 09:00 AM	#2
jsmaye Senior Member Join Date: July 18, 2008 Location: Amarillo, Tx Posts: 616	IIRC (and I'm confirming this on the ATF website but, like all things governmental, it's glacially slow) 01FFL is intended as a business license, and private dealing is discouraged if not actually illegal. There must be a registered place of business or storefront, copious record-keeping, and the possibility (threat) of auditing to prevent these kitchen-table dealings. Besides, giving friends and family good deals is a bad reason to start any business, especially one as regulated as firearms dealing. __________________ No matter how big and tough you are, when a two-year-old hands you a toy phone you'll answer it.

November 14, 2011, 12:06 PM	#4
32 Magnum Member In Memoriam Join Date: January 17, 2009 Location: Eastern PA Posts: 364	You will also be required to display a business license from your local municipality as well as approval from the CLEO of your jurisdiction. You will need to have sufficient liability, business and umbrella insurance coverage, as well. You WILL be audited at least every two years by a field agent to check your volume of retail business and a very close scrutiny of your bound book for correct listing of pieces acquired and disposition of pieces sold - with an accounting of any discrepancies by going over your entire in "store" stock.