The Firing Line Forums

Go Back   The Firing Line Forums > The North Corral > Curios and Relics

Reply
 
Thread Tools
Old November 14, 2011, 12:48 AM   #1
Cheapshooter
Senior Member
 
Join Date: December 2, 2007
Location: Missouri
Posts: 4,247
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!
Cheapshooter is offline  
Old 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.
jsmaye is offline  
Old November 14, 2011, 09:11 AM   #3
Don P
Senior Member
 
Join Date: December 17, 2005
Location: Florida
Posts: 4,786
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.
__________________
NRA Life Member, NRA Range Safety Officer, IDPA Safety Officer
As you are, I once was, As I am, You will be.
Don P is offline  
Old 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.
32 Magnum is offline  
Reply

Thread Tools

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 02:19 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2014 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Contact Us
Page generated in 0.06097 seconds with 7 queries