Selling a rifle you had before you became an FFL
Now that I am an FFL, how am I required to report selling a personal firearm that I had before I became an FFL?
You're required to record to whom you sold the firearm, name and address, but not required to run a background check and such, provided the sale is from your collection as a private individual, to another legal resident of your state.
If the sale requires your FFL powers (selling to a resident of another state), it needs to come into your bound book from you, and go out to the purchaser.
Guns which came in on your FFL, but you transferred to your personal collection, and which have been in your personal collection for at least one year from the time you got them, can legally go to an in-state buyer in a FTF private transaction, as well. Still have to record name and address of the person you sold it to, though.
I keep a personal bound book of all my guns - both those I had before I got my FFL, and those which I acquired for personal use, or transferred to my personal ownership out of inventory. Those transfers go off my dealer bound book to me, and get recorded in my personal bound book. If sell one of those, I record that information in my personal bound book, for my records only, to comply with federal regulations for FFLs disposing of personal firearms in private transactions.
Great. Thank you.
We run every gun personal or not through the business with a background check, paperwork and all Is it more than required yes but it does cover your butt if for some reason the person is not eligable to own a firearm. It is even worse if that transaction is done in your shop. These guns require paperwork, this one dosent as it is a personal gun. Just not worth the hassle of giving the ATF any reason to believe that any funny business is going on.