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Posted: 11/6/2009 4:51:12 AM EDT
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I have been reading on how to get a SBR and I'm a bit confused and was looking for some direction. I know I can either get my CLEO to sign off on it or do a Trust. My question is do I get the forms complted and signed by my CLEO and once approved by the ATF go buy the rifle from a Class III dealer or do I buy the Rifle first and do papers?
Thank you. |
| One other tip; if you plan on changing calibers or barrel lengths (like from a 7" to a 10") you need to list the potential configuration or caliber changes on your form. There is a block to actually list these different items and this willl save you time and money in the future. |
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Quoted:
One other tip; if you plan on changing calibers or barrel lengths (like from a 7" to a 10") you need to list the potential configuration or caliber changes on your form. There is a block to actually list these different items and this willl save you time and money in the future. No you don't. You list the "original configuration" of the gun when you "make" it. ATF doesn't even like you to put "multi" in the caliber box. Once you get the tax stamp, you can put any upper you want on it. It's simpler than a lot of people think. If you "permanently" change the configuration by selling off the upper you detailed in the Form 1, ATF "requests" that you inform them so they can keep the NFA database accurate, but this is not mandatory, and you probably won't even get a response if you do it. I HIGHLY recommend that anyone interested in the SBR option check out the General Class 3 Forum. There's more expertise in this subject area there than you could imagine. |
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Quoted:
I have been reading on how to get a SBR and I'm a bit confused and was looking for some direction. I know I can either get my CLEO to sign off on it or do a Trust. My question is do I get the forms complted and signed by my CLEO and once approved by the ATF go buy the rifle from a Class III dealer or do I buy the Rifle first and do papers? Thank you. Get your forms completed & sent to the ATF wheter you're going trust, corp, or individual. If doing a Form 1 then you use a lower that you already own & record the ser# on the form. If doing a Form 4 you are buying an already registered complete AR or lower that the C3 dealer has purchased from the manufacturer & having it transfered to you. |
| Generally make sure you have a CLEO signature lined up (or a trust or corp in place), Then purchase the rifle. The seller/dealer (transferor) will have to provide the weapon's description and identifiers on the Form 4 which he sends to ATF. He has to wait till the form comes back approved (they send it to the dealer) before he can transfer it to you. |
| You live in Texas... why on earth would you even CONSIDER individual ownership instead of a Trust? I can loan my rifle to ANYONE with the stroke of a pen. For example: I will be going to New York for 5 days and live in an apartment. I can loan my SBR to a friend and let them keep it at their house fo rme in their safe while I am gone. I can let my GF posses the rifle in her vehicle to transport it for me. I can make anyone a trustee at any moment without having to register my changes with anyone. These kinds of things you cannot do with an individually owned rifle. You can have multiple people able to use the NFA items in a corporation but thats a $300 up front cost and its not as simple to modify as a trust. I spent $15 on WIllmaker software. Trust is the least expenisve and most versatile way to own NFA items. |
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Quoted:
You live in Texas... why on earth would you even CONSIDER individual ownership instead of a Trust? I can loan my rifle to ANYONE with the stroke of a pen. For example: I will be going to New York for 5 days and live in an apartment. I can loan my SBR to a friend and let them keep it at their house fo rme in their safe while I am gone. I can let my GF posses the rifle in her vehicle to transport it for me. I can make anyone a trustee at any moment without having to register my changes with anyone. These kinds of things you cannot do with an individually owned rifle. You can have multiple people able to use the NFA items in a corporation but thats a $300 up front cost and its not as simple to modify as a trust. I spent $15 on WIllmaker software. Trust is the least expenisve and most versatile way to own NFA items. I went individual because one, it was simple, and two, it was painless. No extra costs (software or lawyer), no worries about knocks in the night if/when my trust is audited, it's a done deal. |
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