I did not know you could purchase class 3 weapons if you start a business. I am in the process of determining which business lisc to get...sole prop/or/inc. In any event I am in the pocessing of setting up this business as we speak. How can I purchase a class 3 with this, and if its possible can you get new class 3 weapons or do you still have to go with the preban stuff. Any advice would be most helpful.
Thanks
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The short answer is that if you form a corporation, the corporation is, in the eyes of the law, another "person" existing differently from you. The corporation has the ability to purchase NFA firearms, which would then be owned by it.
In many areas, this is used to circumvent an ATF requirement that you get a local law enforcement officer to sign off on your application to purchase an NFA weapon (Form 4).
If you do form a corporation for your business, you could use it to own your NFA weapons. However, in the event your business was to go bankrupt or be sued by someone, the NFA weapons could be taken away from you as assets of the business.
My wisdom is not to mix business and pleasure -- if you need a corporation for Class 3 purposes, form a separate corporation to do so.