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1/25/2018 7:38:29 AM
Posted: 12/11/2005 3:20:25 PM EST
I want to SBR my AR15. Has anybody formed a LLC instead of going through the CLEO sign off?
The paper work looks simple enough. I just fill it out in duplicate and send a check for $100 right? Do I need a seperate checking account? Any help would be greatly appreciated.
Link Posted: 12/11/2005 3:37:05 PM EST
Not me. What part of ID. I don't think you'll have a CLEO problem in Boise.
Link Posted: 12/11/2005 3:44:06 PM EST
Lewiston area. I was thinking an LLC would get approved quicker since there is no wait for a CLEO sign off or a back ground check.
Link Posted: 12/13/2005 6:11:43 PM EST
[Last Edit: 12/13/2005 6:13:37 PM EST by Spudgunner]
My wife and I formed a LLC for her (technically, our) biz. Was very easy as I recall and we did it ourselves.

Edit to say that yes we did do a seperate checking account. I don't think that was mandatory.
Link Posted: 12/14/2005 5:08:43 AM EST
Link Posted: 12/16/2005 12:41:24 PM EST
Thanks. I am palnning to have a small business soon. I'm looking to do this after the first of the new year. I imagine mainaining an LLC is pretty simple. NFA stuff would be an added benifit.
Link Posted: 12/16/2005 7:39:15 PM EST
Its my understanding that a Corp offers more legal protection to your personal assets but its a bit of hassle. Provided you use an accountant any way its not that big a deal. As for an LLC owning NFA< when/if the LLC disolves you need to transfer the weapons to either a 3rd party or yourself, incurring another $200 transfer. If you can get a sign off now thats generally the best route as I understand it. Looking forward to making a SBS or maybe an SBR myself this spring. HTH
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