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Automatic weapon purchase

zippor25zippor25 Member Posts: 2 ✭✭
edited December 2007 in Ask the Experts
I am interested in purchasing an automatic weapon but I do not know and Sheriffs or the local Police Chief. Can I have it transferred to my LLC or do I need to be Incorporated?
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Comments

  • duckhunterduckhunter Member Posts: 7,687 ✭✭✭
    edited November -1
    Call you local class three dealer.
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  • iwannausernameiwannausername Member Posts: 7,131
    edited November -1
    LLC works....
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  • awoldawold Member Posts: 57 ✭✭
    edited November -1
    ... forming a Trust works also
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  • AZEXAZEX Member Posts: 1,163 ✭✭✭✭✭
    edited November -1
    Today will be a rainy, 5hitty day in phx, feel free to give me a call and I'll walk you through it, with an LLC it's really much easier to do NFA paperwork.

    Derek @ AZEX
    480 507 0200
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  • mcasomcaso Member Posts: 1,119 ✭✭✭✭✭
    edited November -1
    What are the advantages of forming a trust. Does it mean if one lives in a state that doesn't allow full auto one can then have a full auto? If not then why do a trust?
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  • NwcidNwcid Member Posts: 10,674 ✭
    edited November -1
    quote:Originally posted by mcaso
    What are the advantages of forming a trust. Does it mean if one lives in a state that doesn't allow full auto one can then have a full auto? If not then why do a trust?



    NO, you still have to follow all state and federal laws. A trust (or LLC) is not above the law.

    A trust and a LLC are basically a way to buy NFA items when you do not have a LEO that will sign for you as a "person". A trust or an LLC is not a "person" so there is not finger printing, photos, or LEO sign off.

    You would have to talk to your CPA about the advantages of an LLC vs a trust. Most places it take a little more paperwork, and money to maintain the LLC.
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  • mcasomcaso Member Posts: 1,119 ✭✭✭✭✭
    edited November -1
    Thanks Nwcid
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  • givettegivette Member Posts: 10,886 ✭
    edited November -1
    Mcaso: givette here. Search "trust" you will see a link posted by me re. trusts. It's available on CD..and will walk you through the process. Only $29.95 to set one up (cost of CD). Joe
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