C& R license pros and cons. As a former government bureaucrat I can tell you with absoolute certainty. PLEASE DO NOT TRY TO GIVE THEM MORE THAN THEY ASK FOR, especially to CYA.
DO NOT MAKE UP OR INTERPET THE RULES. DO NOT TRY TO MAKE SENSE OF THEM. JUST DO AS THEY SAY, EXACTLY, FOR WHATEVER LICENSE YOU HOLD. For example for 0. C& R firearms are to be entered ON RECEIPT.
What exactly are license agreements and how can they be beneficial to owners? When you sign a lease with a tenant it creates a landlord-tenant relationship that can. Cons. Cost is a big 'con' of getting a business license. The application fees for licenses vary by license and state but can range anywhere from hundreds to thousands.
Hey guys, I just printed off my paperwork to get my C&R license. What I need know is pros and cons to having one. I have heard that the BATF will be welcomed into.
So if you already have it do not enter it in the book when you get nyour license. The USA has no ex post facto laws to punish you for not acting as if you had a C& R license before you got one. If you sell it you do as the 0. PRIVATE COLLECTION. That private collection is where all your guns not entered in the bound book reside. And the bound book is for C& R firearms acquired while you have the license. Period. If you get a supposedly C& R firearm from another licensee and it turns out to not be a C& R, like those 1.
Turks I bought - write them in the bound book, cross them out and write "Withdrawn - (reason)" "antique" for example. And do not be afraid to sell a C& R for whatever you can get. To the ATF a business is an enterprise with a regular location and hours run with the expectation of making a profit. Building a collection may or (probably) may not be profitable but if the reason is enhancing your collection, and any profit or loss is incidental, then it isn't a business and you do not need an 0. If the ATF tries to redefine buying and selling for a collection as a business they'll have to deal with objections from every museum in the USA.
And the spouse may not get upset either. Thaks to buying in quantity, keeping the best, selling off the culls and rolling it over to buy more C& Rs I now have 4.
NOTHING. Of course if I was a business I'd be running at a big loss, with expenses for my shop and storage space, utilities, supplies, insurance... I don't get into details like that with my wife. Sales tax is supposed to be paid on instate sales, with some exceptions. For out of state sales there usually isn't any way for your state to collect. I do keep a copy of a bill of sale with ID from anyone I sell to without an FFL, for perfectly good non- ATF reasons. There are some gray areas, undefined, unruled.
ATF For me the biggest is the completeness and originality of the C& R for a military firearm. Since firearms are frequently modified, repaired, rebuilt, and often are functional but with parts missing this can be a problem for the more meticulous/fearful seller.
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The history behind this rule seems to be the mass sporterization of milsurp rifles by some companies, and that the ATF apparently thought this a loophole, and/or the big firearms manufacturers thought it a threat to their business. So I doubt we little guys are going to be bothered because a sling swivel is missing. I wrote the ATF, twice, about this issue, asking about a definition of military configuration, and suggesting they allow parts guns, barreled receivers for example, if the purpose was to rebuild a milsurp. I never got an answer. So I believe they can't figure it out either and its probably unprosecutable, and is certainly not enforced except sometimes at the importer/distributor level. As for ATF information and inspections, few local offices know or care about C& Rs. Very few inspections are ever done and I can count the number I've heard of in my 1.
So don't worry, be happy. And call or write ATF HQ for info. The locals are busy with gun dealers and know little else.