Louisiana: NFA firearm, Living Trust or LLC route?

Dead · August 26, 2011, 06:23 PM

What would be the best route to acquire NFA firearms/suppressors that could be used by the primary holder (a LA resident) and myself and my dad (living outside of LA)? Current I have a legal plan that would assist with either option so I would like some input in the pro/cons of each for the state of LA.

Primary items that would be purchased are SBR, AOW, and suppressors.

Thank you for any information in advance.

medalguy · August 26, 2011, 11:40 PM

Well, if anyone wants to shoot them without the "primary holder" being present, I believe a trust would be about the only reasonable way to do it. A corporation would work but you have the additional burden of filing a corporate tax return every year and likely paying a tax on all assets in the corporation each year. At least we do in Texas.

Anyone in Louisiana have comments?

Jason_G · August 27, 2011, 12:04 AM

Quote:

Anyone in Louisiana have comments?

No, but I'd like to know as well. I've been thinking of getting a suppressor. I live in what used to be the sticks, but the city is starting to expand out to my neck of the woods. I'm still outside the city limits, so I can shoot all I want in my backyard, but I don't want the "Starbuck's yuppies" at the new city park tennis courts they just built next to my property calling the PD if I decide to pop a yote. I wonder what they're gonna do on opening day of dove season, because I will be out there with my Wingmaster shooting some birds.

Hope they don't mind getting some pellets rained on them occasionally.

Jason

Dead · August 27, 2011, 06:15 AM

Thanks I am going with the Trust it looks like

PawPaw · August 27, 2011, 09:24 AM

While I profess an extreme ignorance of the NFA laws, I admit that I'm intrigued. If I wanted to own such a firearm, I'd be tempted to talk with one of the dealers in this state who deal in such items and ask them for the name of a good attorney versed in the particulars of such a situation.

medalguy · August 27, 2011, 06:17 PM

I would definitely recommend the good atorney route. Lots of guys use Willmaker or another boiler plate trust maker program and do it themselves, but the issues are I believe way too important to try to use a "one size fits all" generic computer program. After all, if done wrong, BATFE can rule the trust invalid and you could end up losing all your toys. Pay a couple hundred bucks and do it right. And have an attorney willing to back his work up in court if challenged.

I don't know of any Louisiana attorneys, but we have some excellent ones on the Texas Gun Talk forum. Drop in and look up their threads.

August 26, 2011, 06:23 PM	#1
Dead Senior Member Join Date: June 6, 2000 Location: AoW Land, USA Posts: 1,923	Louisiana: NFA firearm, Living Trust or LLC route? What would be the best route to acquire NFA firearms/suppressors that could be used by the primary holder (a LA resident) and myself and my dad (living outside of LA)? Current I have a legal plan that would assist with either option so I would like some input in the pro/cons of each for the state of LA. Primary items that would be purchased are SBR, AOW, and suppressors. Thank you for any information in advance. __________________ Dead [Black Ops] www.therallypoint.org

August 27, 2011, 06:15 AM	#4
Dead Senior Member Join Date: June 6, 2000 Location: AoW Land, USA Posts: 1,923	Thanks I am going with the Trust it looks like __________________ Dead [Black Ops] www.therallypoint.org

August 27, 2011, 09:24 AM	#5
PawPaw Senior Member Join Date: December 24, 2010 Location: Central Louisiana Posts: 2,634	While I profess an extreme ignorance of the NFA laws, I admit that I'm intrigued. If I wanted to own such a firearm, I'd be tempted to talk with one of the dealers in this state who deal in such items and ask them for the name of a good attorney versed in the particulars of such a situation. __________________ Dennis Dezendorf http://pawpawshouse.blogspot.com

August 26, 2011, 11:40 PM	#2
medalguy Senior Member Join Date: August 31, 2009 Location: New Mexico Posts: 949	Well, if anyone wants to shoot them without the "primary holder" being present, I believe a trust would be about the only reasonable way to do it. A corporation would work but you have the additional burden of filing a corporate tax return every year and likely paying a tax on all assets in the corporation each year. At least we do in Texas. Anyone in Louisiana have comments?

August 27, 2011, 06:17 PM	#6
medalguy Senior Member Join Date: August 31, 2009 Location: New Mexico Posts: 949	I would definitely recommend the good atorney route. Lots of guys use Willmaker or another boiler plate trust maker program and do it themselves, but the issues are I believe way too important to try to use a "one size fits all" generic computer program. After all, if done wrong, BATFE can rule the trust invalid and you could end up losing all your toys. Pay a couple hundred bucks and do it right. And have an attorney willing to back his work up in court if challenged. I don't know of any Louisiana attorneys, but we have some excellent ones on the Texas Gun Talk forum. Drop in and look up their threads.