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November 14, 2011, 12:48 AM | #1 |
Senior Member
Join Date: December 2, 2007
Location: Missouri
Posts: 8,306
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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?
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Cheapshooter's rules of gun ownership #1: NEVER SELL OR TRADE ANYTHING! |
November 14, 2011, 09:00 AM | #2 |
Senior Member
Join Date: July 18, 2008
Location: Amarillo, Tx
Posts: 616
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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.
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November 14, 2011, 09:11 AM | #3 | |
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Join Date: December 17, 2005
Location: Swamp dweller
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Quote:
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NRA Life Member, NRA Chief Range Safety Officer, NRA Certified Pistol Instructor,, USPSA & Steel Challange NROI Range Officer, ICORE Range Officer, ,MAG 40 Graduate As you are, I once was, As I am, You will be. |
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November 14, 2011, 12:06 PM | #4 |
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Join Date: January 17, 2009
Location: Eastern PA
Posts: 364
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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.
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