The Firing Line Forums

Go Back   The Firing Line Forums > The Conference Center > Law and Civil Rights

Reply
 
Thread Tools Search this Thread
Old May 16, 2010, 01:23 PM   #1
Ognik
Junior Member
 
Join Date: May 16, 2010
Posts: 2
FFL Application question

I'm interested in applying for an FFL. I've read that I should incorporate (LLC) for liability reasons.

Where can I get advice on this? I do searches and only find people wanting to sell me Kits to tell me how to complete the FFL application, which isn't that complicated.

What I want to know is if the FFL should be in my name and my business should be a LLC or if the FFL should be in the Company name.

At this time I don't want to have a B&M business but one from my home primarily selling online and at shows.

Thanks in advance.
Og
Ognik is offline  
Old May 16, 2010, 01:38 PM   #2
Don H
Senior Member
 
Join Date: May 8, 2000
Location: SLC,Utah
Posts: 2,704
I suggest investing in a chat with a qualified attorney to discuss the issues as pertain to your state.
Don H is offline  
Old May 16, 2010, 01:50 PM   #3
Ognik
Junior Member
 
Join Date: May 16, 2010
Posts: 2
As much as I hate lawyers, I do agree and I'm in the process of doing that now. I'm curious what people in the business have done or perhaps a link to a forum for gun shop owners.

I live in a small town in PA and I doubt any of the local lawyers have experience with this type of business. But, I'm making phone calls now to find out.

Thank you.
Ognik is offline  
Old May 17, 2010, 09:09 AM   #4
blume357
Senior Member
 
Join Date: August 2, 2005
Location: Greenville, SC
Posts: 3,943
If you are going to start a business (FFL) then it is best to get to

know a lawyer to one degree or another....

I suspect that most will tell you that getting 'Inc'd" is the best thing.... I can only relate to you the few negatives of doing so.

First:

Taxes: the tax forms, at least in my state are such that I, a layman, can't figure them out... so, you will most likely need to hire an accountant.

Second:

Liability: Yes, if the corporation is found guilty of wrong doing then the corporation is liable for any damages.... Employees are not usually liable and owners are usually only found liable after the first law suit and the people damaged decide they want more.. then the owners of the corparation and specifically the acting board of directors can be found liable. (Guess who that is? And guess what? Your lawyer(s) get to charge you twice.)

then again, in theory to be liable for something you have to do something wrong in the first place.... simple thing is don't do something wrong... but then that's not how the legal world works these days.
blume357 is offline  
Reply

Tags
ffl , gun business

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 06:49 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2021 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Page generated in 0.05446 seconds with 10 queries