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Posted: 10/29/2013 11:49:03 AM EDT
[#1]
It's even more interesting when you think about what happens when a SOT 07/02 retires.
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Posted: 10/29/2013 11:49:40 AM EDT
[#2]
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. |
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Posted: 10/29/2013 11:50:11 AM EDT
[#3]
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band saw party. Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? |
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Posted: 10/29/2013 11:50:33 AM EDT
[#4]
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really? Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? Yep. |
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Posted: 10/29/2013 11:51:24 AM EDT
[#5]
Unless they are pre dealer samples yes although the parts kits are still worth cash
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Posted: 10/29/2013 11:51:54 AM EDT
[#6]
He "sells" his stock to himself and becomes a liberals worst nightmare, a private seller.
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Posted: 10/29/2013 11:52:09 AM EDT
[#7]
In for answer
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Posted: 10/29/2013 11:55:03 AM EDT
[#8]
Quote HistoryQuoted:
Yep. Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? Yep.  
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Posted: 10/29/2013 11:55:11 AM EDT
[#9]
Sole prop gets to "sign out" title one stuff to him/herself with either "class" of FFL.
Sole prop with Title II goodies would have to get rid of or destroy Class III items including what they made and can keep "Pre Samples". -You can dispose of or sell these to other Class II / III guys with a letter saying you are turning it in and no law letter is required for the other dealer. Corporate holders would just do form 4473's and with BG checks etc. on Title One stuff. Can't keep title II stuff without a form 4 etc. Can't keep pre samples. |
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Posted: 10/29/2013 11:55:23 AM EDT
[#10]
Quote HistoryQuoted: band saw party. Quote HistoryQuoted: Quoted: It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party.  |
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Posted: 10/29/2013 11:56:37 AM EDT
[#11]
Just like any other business ever.
1. You have a going out of business sale, sell it all off. 2. Sell your business (including inventory) to someone else - that other person, would have an FFL as well. 3. You sell your inventory to yourself (including FFL rules), close down the company books and whatever you want to do with the inventory from there, is your choice. |
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Posted: 10/29/2013 12:00:08 PM EDT
[#12]
Quote HistoryQuoted:
Yep. Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? Yep. They can keep non-MG NFA stuff. |
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Posted: 10/29/2013 12:05:16 PM EDT
[#13]
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He "sells" his stock to himself and becomes a liberals worst nightmare, a private seller. Isn't it his and he can take possession of it, even if it was purchased under a company name and money and logged for tax purposes as a business expense? It seems only fair since he paid for x amount of guns with his own money(business money) that since his business is closing-all company assets from business belong to the owner? When it comes to firearm rules what's fair is
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Posted: 10/29/2013 12:06:57 PM EDT
[#14]
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They can keep non-MG NFA stuff. Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? Yep. They can keep non-MG NFA stuff. New owner = new stamp But yes. |
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Posted: 10/29/2013 12:08:00 PM EDT
[#15]
Quote HistoryQuote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party.
http://www.atf.gov/files/publications/download/p/atf-p-5320-8/atf-p-5320-8-chapter-14.pdf Section 14.2 Disposition of NFA firearms (other than “post-‘86 machineguns”). 14.2.1 Sole proprietors. FFLs licensed as sole proprietors, who have been qualified to deal in NFA firearms and who go out of the NFA business, may lawfully retain their inventory of these firearms, including imported NFA “sales samples”, in their individual capacity. |
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Posted: 10/29/2013 12:08:37 PM EDT
[#16]
Quote HistoryQuoted:
Unless they are pre dealer samples yes although the parts kits are still worth cash Indeed. This is one of the reasons that pre-may dealer samples cost what they do. |
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Posted: 10/29/2013 12:10:30 PM EDT
[#17]
Quote HistoryQuoted: Sole prop gets to "sign out" title one stuff to him/herself with either "class" of FFL. Sole prop with Title II goodies would have to get rid of or destroy Class III items including what they made and can keep "Pre Samples". -You can dispose of or sell these to other Class II / III guys with a letter saying you are turning it in and no law letter is required for the other dealer. Corporate holders would just do form 4473's and with BG checks etc. on Title One stuff. Can't keep title II stuff without a form 4 etc. Can't keep pre samples. Corps can keep pre samples as long as the corp is legally alive. |
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Posted: 10/29/2013 12:11:57 PM EDT
[#18]
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They can keep non-MG NFA stuff. Quote HistoryQuoted:
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It's even more interesting when you think about what happens when a SOT 07/02 retires. band saw party. really? Yep. They can keep non-MG NFA stuff. Mmmmmmm.... destructive devices.... mmmmmmm |
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Posted: 10/29/2013 12:15:42 PM EDT
[#19]
Cool. Just read that.
Quote HistoryQuoted:
Corps can keep pre samples as long as the corp is legally alive. Quote HistoryQuoted:
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Sole prop gets to "sign out" title one stuff to him/herself with either "class" of FFL. Sole prop with Title II goodies would have to get rid of or destroy Class III items including what they made and can keep "Pre Samples". -You can dispose of or sell these to other Class II / III guys with a letter saying you are turning it in and no law letter is required for the other dealer. Corporate holders would just do form 4473's and with BG checks etc. on Title One stuff. Can't keep title II stuff without a form 4 etc. CAN keep pre samples. Corps can keep pre samples as long as the corp is legally alive. |
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