To start I did do a search for FFL, Class 3, and checked the FAQs.
I'm trying to figure out if I can, and if so how to go about getting a FFL.
I've done a large amount of searching the web, I can find information about it but it seems to be dated. Also many many many... forum threads about it, but most of those read like the blind leading the blind.
I've read:
ATF Online
ATF Online - ATF P 5300.4 - Federal Firearms Regulations Reference Guide 2000 (9/05) *not cover to cover*
Basically what I know, or think I know is that I can get an FFL if:
1. I need to have a business that will buy/sell/transfer firearms.
2. I might need a store front or barn.
3. I will need a safe.
4. I will need to keep records.
5. I can't use the FFL solely to increase my collection.
And some the following may or may not be fact:
6. I need to profit.
7. I need to buy/sell/transfer a certain number of firearms per month.
So, correct so far?
1. So to come up with a business. Internet FFL transfers? Co-workers, friends, family, and you use me to do FFL transfers.
2. I have an outbuilding and a garage. Those work?
3. I have a personal safe in my house. Need a second one?
4. Records, no problem.
5. This seems to be my main problem, because why else would someone start any firearms business?!
6. Ok, so it can't cost that much to do a transfer if there are folks doing it for $20, so I charge $20 surely there is some profit in there?
7. How can I control how many transfers I do? I don't really care to buy firearms to sell... I suppose I could do a gunbroker.com type of business.
So, any guides or help would be appreciated.
Also, if I have to have a business what do I need to do to go about doing that for the State?
Thanks!
*edit
Got some good information in this thread so far, thanks a bunch!
Here is another thread on the subject:
https://www.indianagunowners.com/forums/general_firearms_discussion/37777-is_it_worth_being_an_ffl.html
I'm trying to figure out if I can, and if so how to go about getting a FFL.
I've done a large amount of searching the web, I can find information about it but it seems to be dated. Also many many many... forum threads about it, but most of those read like the blind leading the blind.
I've read:
ATF Online
ATF Online - ATF P 5300.4 - Federal Firearms Regulations Reference Guide 2000 (9/05) *not cover to cover*
Basically what I know, or think I know is that I can get an FFL if:
1. I need to have a business that will buy/sell/transfer firearms.
2. I might need a store front or barn.
3. I will need a safe.
4. I will need to keep records.
5. I can't use the FFL solely to increase my collection.
And some the following may or may not be fact:
6. I need to profit.
7. I need to buy/sell/transfer a certain number of firearms per month.
So, correct so far?
1. So to come up with a business. Internet FFL transfers? Co-workers, friends, family, and you use me to do FFL transfers.
2. I have an outbuilding and a garage. Those work?
3. I have a personal safe in my house. Need a second one?
4. Records, no problem.
5. This seems to be my main problem, because why else would someone start any firearms business?!
6. Ok, so it can't cost that much to do a transfer if there are folks doing it for $20, so I charge $20 surely there is some profit in there?
7. How can I control how many transfers I do? I don't really care to buy firearms to sell... I suppose I could do a gunbroker.com type of business.
So, any guides or help would be appreciated.
Also, if I have to have a business what do I need to do to go about doing that for the State?
Thanks!
*edit
Got some good information in this thread so far, thanks a bunch!
Here is another thread on the subject:
https://www.indianagunowners.com/forums/general_firearms_discussion/37777-is_it_worth_being_an_ffl.html
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