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The Range
Law & Order
Why do you or why don’t you get an FFL license?
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<blockquote data-quote="harley128" data-source="post: 3718487" data-attributes="member: 615"><p>Pro:</p><p>1. access to firearms at wholesale cost ---- when they have stock that is</p><p>2. peace of mind that you are selling to individuals that have passed a background check</p><p></p><p>Cons:</p><p>1. Paperwork-- lots of it.</p><p>2. chance of making a error, or screwing up said paperwork</p><p>3. must respond to firearm traces within a 24 hour period--</p><p>4. subject to inspection by ATF at anytime</p><p>5. must get sales tax permit, and charge sales tax on all sales--- then report/ remit monthly.</p><p>6. Did I say paperwork ?</p><p>7. you'll need to think of how you want to organize--- sole properitership, LLC, Corp, etc.</p><p>8. No screwing around with income taxes---you gotta pay the man</p><p>9. Paperwork</p><p>10. firearm availability............ you'll be the last guy on the list to get anything from you distributors-- most likely</p><p>11. Thin margins............. If you're gonna sell anything at all, you better be competitive with the Atwoods and Academy's of the world-- not to mention your local gun stores in the region........................or you'll set on inventory for years.</p><p>12. Amount of investment required........... How many guns you gonna stock? You've got to have some variety in order to pay the bills.</p><p>13. Overhead--- facilities arene't cheap.</p><p>14. Storage--- ATF requires you have a safe and secure place to store you firearms.</p><p>15.. Credit card processor-----gonna need one of these for sure........ Many people only pay with CC............ better add in the cost of these fees too.</p><p>16. Did I say paperwork ?</p><p></p><p>Now..................... you sure you wanna do this ?</p></blockquote><p></p>
[QUOTE="harley128, post: 3718487, member: 615"] Pro: 1. access to firearms at wholesale cost ---- when they have stock that is 2. peace of mind that you are selling to individuals that have passed a background check Cons: 1. Paperwork-- lots of it. 2. chance of making a error, or screwing up said paperwork 3. must respond to firearm traces within a 24 hour period-- 4. subject to inspection by ATF at anytime 5. must get sales tax permit, and charge sales tax on all sales--- then report/ remit monthly. 6. Did I say paperwork ? 7. you'll need to think of how you want to organize--- sole properitership, LLC, Corp, etc. 8. No screwing around with income taxes---you gotta pay the man 9. Paperwork 10. firearm availability............ you'll be the last guy on the list to get anything from you distributors-- most likely 11. Thin margins............. If you're gonna sell anything at all, you better be competitive with the Atwoods and Academy's of the world-- not to mention your local gun stores in the region........................or you'll set on inventory for years. 12. Amount of investment required........... How many guns you gonna stock? You've got to have some variety in order to pay the bills. 13. Overhead--- facilities arene't cheap. 14. Storage--- ATF requires you have a safe and secure place to store you firearms. 15.. Credit card processor-----gonna need one of these for sure........ Many people only pay with CC............ better add in the cost of these fees too. 16. Did I say paperwork ? Now..................... you sure you wanna do this ? [/QUOTE]
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Why do you or why don’t you get an FFL license?
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