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August 26, 2011, 05:23 PM | #1 |
Senior Member
Join Date: June 5, 2000
Location: AoW Land, USA
Posts: 1,968
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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. |
August 26, 2011, 10:40 PM | #2 |
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Join Date: August 31, 2009
Location: New Mexico
Posts: 1,033
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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 26, 2011, 11:04 PM | #3 | |
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Join Date: December 18, 2006
Location: Louisiana
Posts: 1,902
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Quote:
Jason
__________________
"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed." -Amendment II, Constitution of the United States of America |
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August 27, 2011, 05:15 AM | #4 |
Senior Member
Join Date: June 5, 2000
Location: AoW Land, USA
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Thanks I am going with the Trust it looks like
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August 27, 2011, 08:24 AM | #5 |
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Join Date: December 24, 2010
Location: Central Louisiana
Posts: 3,137
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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.
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August 27, 2011, 05:17 PM | #6 |
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Join Date: August 31, 2009
Location: New Mexico
Posts: 1,033
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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. |
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