Staff Member
Gold Lifetime
- Messages
- 21,773
- Reactions
- 62,964
So I, or rather the company I setup, has been 01FFL licensed for some years. As a side hustle it hasn't been bad, though I really had to scale it back during 2020 due to nightmare that year was for us. Anywho, back at it, and renewal is coming up soon and thinking about adding a SOT to the license.
As I understand it:
Cons:
As I understand it:
Cons:
- $500 a year to have said on the license.
- More paperwork surrounding NFA items.
- Not clear if there are any tax implications in adding said, but I don't believe anything of any concern.
- New service to offer my small, but regular customer base. And maybe add some new buyers.
- Handle NFA transfers without getting drilled with another tax stamp.
- NFA items transfer to us on Form 3, which is pretty fast.
- Depending on their terms and conditions, could setup a Silencer Shop kiosk. I have the space for that in my building, but not sure what all is required by the aforementioned vendor.
- I'm unclear on the whole post-dealer sample thing with respect to machine-guns, but maybe someone can fill me in.