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New dealer question
pitbud5
Member Posts: 1,276 ✭✭✭✭✭
I recently obtained my 01 ffl. I don't have any stock. I have personal firearms I am going to list online. If I were to add them to my book I would just put my name down in the "obtained from" acquisition section correct?
Comments
You can sell guns in your personal collection subject only to the restrictions on firearms sales by unlicensed persons ONLY IF YOU ENTERED THEM IN YOUR BOUND BOOK AT LEAST 1 YEAR PRIOR TO THE SALE. See ATF P5300.4, page 182.
Neal
just to note; you don't HAVE to record them in your bound book unless they are to become your 'stock'. If you had them before you got your ffl they are your personal property and you can dispose of them any way you want. You could sell them on gunbroker as a private person, just be sure to ship to a ffl (that will accept from a private party).
just make sure your personal stock is either separated from your business stock or is clearly marked as personal, not for sale.
Give us some idea what your experience was like getting an FFL? Expense? time it took? hoops you jumped through? Are you going to have a storefront?
If you do not put where Self got it, then you have an DEAD-END when your book is checked.
quote:Originally posted by fordsix
now you are lic..you will put in the bound book as received from your self and the info for the disposition side (you sold to) this was told to me on last ATF visit
also a picture with Hang-tag in the safe, so my wife would have it
when I am gone on.
The Hang-tag shows what that I INVESTED IN THAT GUN, then She knows what I had in it.That is also good for Insurence records.
quote:Originally posted by UNIVERSITY50
I was told by the Inspector that We could sell our personal firearms in any legal way and then take them to the FFL for shipping. Just like a lot of private seller do on here. They sell it on Gunbroker.com and take it down the road to the friendly FFL and he ships it to the friendly FFL on the other end.[:)]