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Posted: 12/7/2009 3:43:58 PM EDT
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so i was looking through a shotgun news magazine and saw that a full auto ak runs about1k
is this usually how much they cost? every thing else was 10k+ |
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Sure that is all they cost if you get your FFL, pay your annual $500 SOT fee, and then find a police department who is willing to write you a official letter requesting a "demonstration" of an AK47. You also have to cut the gun up if you ever let your FFL license or SOT lapse, so you are in for $500 a year... forever... to keep it.
Otherwise for the rest of the civilian population full auto transferable AK47s cost between $12,000 and $16,000 depending upon condition and configuration. Sorry to be the bearer of bad news but there are no cheap routes to machinegun ownership. James Austin, Texas |
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Sure that is all they cost if you get your FFL, pay your annual $500 SOT fee, and then find a police department who is willing to write you a official letter requesting a "demonstration" of an AK47. You also have to cut the gun up if you ever let your FFL license or SOT lapse, so you are in for $500 a year... forever... to keep it. Otherwise for the rest of the civilian population full auto transferable AK47s cost between $12,000 and $16,000 depending upon condition and configuration. Sorry to be the bearer of bad news but there are no cheap routes to machinegun ownership. James Austin, Texas not the bearer of bad news, i knew somethin didnt seem right thanks for the info 
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If you have the money then pre samples are the ticket. Get into the NFA dealer business on the side, yes you actually have to conduct some business. Buy all the pre samples you want and can afford. Resign. Keep all of them legally forever. Just be aware that your kids/heirs can't inherit them unless they (kids/heirs) are also SOTs ... if not, the presamples must be sold to an outside FFL/SOT, or surrendered to BATFE for destruction. |
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And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. As long as the corp continues to pay each year to stay licensed. Long term, I think buying pre-samples with a corp FFL/SOT makes more sense. Drop the FFL/SOT in the future and just keep the corp alive and it can continue to own pre-samples indefinitely. And the entire corp can be sold off to a non-licensee or inherited by a non-licensee family member. |
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And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. As long as the corp continues to pay each year to stay licensed. Long term, I think buying pre-samples with a corp FFL/SOT makes more sense. Drop the FFL/SOT in the future and just keep the corp alive and it can continue to own pre-samples indefinitely. And the entire corp can be sold off to a non-licensee or inherited by a non-licensee family member. I know what you are saying sounds OK from a legal standpoint, but I can't see ATF allowing it. |
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And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. As long as the corp continues to pay each year to stay licensed. Long term, I think buying pre-samples with a corp FFL/SOT makes more sense. Drop the FFL/SOT in the future and just keep the corp alive and it can continue to own pre-samples indefinitely. And the entire corp can be sold off to a non-licensee or inherited by a non-licensee family member. I know what you are saying sounds OK from a legal standpoint, but I can't see ATF allowing it. The ATF would never know b/c the owner never technically changed. The corporation is the owner and remains so even if shares are sold to other people (even if the majority of shares are sold). |
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And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. As long as the corp continues to pay each year to stay licensed. Long term, I think buying pre-samples with a corp FFL/SOT makes more sense. Drop the FFL/SOT in the future and just keep the corp alive and it can continue to own pre-samples indefinitely. And the entire corp can be sold off to a non-licensee or inherited by a non-licensee family member. I know what you are saying sounds OK from a legal standpoint, but I can't see ATF allowing it. The ATF would never know b/c the owner never technically changed. The corporation is the owner and remains so even if shares are sold to other people (even if the majority of shares are sold). Yes, I realize that. From a legal standpoint I can understand it and I know that ATF would not have to be informed of the change in Corporate ownership. I am just saying that I can see them coming after someone if no one in the corp holds an SOT and the corp has pre-samples. The fact that something is legal is not relevant to them in many cases. |
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The corporation itself would of course have to keep its SOT. Post samples/ and manufacturer inventory can't he transferred to other SOT's anyway without a demo letter, so even if someone had an SOT the corporation couldn't transfer it to them. True, but we were talking bout pre-samples and pre-samples do not require a demo letter. |
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Quoted: Quoted: Quoted: And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. As long as the corp continues to pay each year to stay licensed. Long term, I think buying pre-samples with a corp FFL/SOT makes more sense. Drop the FFL/SOT in the future and just keep the corp alive and it can continue to own pre-samples indefinitely. And the entire corp can be sold off to a non-licensee or inherited by a non-licensee family member. I know what you are saying sounds OK from a legal standpoint, but I can't see ATF allowing it. Well it is true. It is in the ATF/FFRRG. As for the original topic, $1K for a post-sample AK is crazy. I only paid $495 for mine.
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Quoted: The corporation itself would of course have to keep its SOT. Post samples/ and manufacturer inventory can't he transferred to other SOT's anyway without a demo letter, so even if someone had an SOT the corporation couldn't transfer it to them. Not true on both counts. You do not need an SOT, and you can xfer post-samples without a demo letter when going out of business. |
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Quoted: And pre-samples are not much cheaper honestly. The best is form a corp or LLC and get an FFL7/SOT and build your own. That way when you die your kids can get your shares in the corp and can still own the post-samples and MG's you manufactured. They run about 1/2 but as Tony says cannot be inherited. So your kids are not going to be too happy unless they have an FFL/SOT of their own. |
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The corporation itself would of course have to keep its SOT. Post samples/ and manufacturer inventory can't he transferred to other SOT's anyway without a demo letter, so even if someone had an SOT the corporation couldn't transfer it to them. True, but we were talking bout pre-samples and pre-samples do not require a demo letter. I'm not....I am talking about POST samples. Which are the only ones actually cheap. |
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The corporation itself would of course have to keep its SOT. Post samples/ and manufacturer inventory can't he transferred to other SOT's anyway without a demo letter, so even if someone had an SOT the corporation couldn't transfer it to them. True, but we were talking bout pre-samples and pre-samples do not require a demo letter. I'm not....I am talking about POST samples. Which are the only ones actually cheap. OK, well myself and the others (nh_joe & renegadex) were not talking about which ones were cheap, we were talking about pre-samples being help by a corp without an SOT and apparently it can happen based on what renegadex posted. |
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