Armory Sponsor
Posted: 7/20/2010 4:40:15 PM EDT
|
I recently renewed my FFL. Doing so, I sent a copy to the sheriff in my county as required.
On to the point.... The Under sheriff of the county, calls on behalf of the sheriff, inquiring about what it would take to do some checking on some NFA guns for the department. I've always had a good relationship with this particular sheriff, and his deputies....good bunch of guys, really. I don't have an SOT. I'd like to help these guys out, but I don't have a clue where to start. Also, I don't have a clue if it would be worthwhile financially, or if it would just be a giant pain in the ass? I keep good records, and have no problems with my paperwork, logs or compliance inspections, but this would tend to be a pretty big deal, wouldn't it? I need a little guidance here.... Post away or IM(whatever you're comfortable with)...if you have some insight for me. Thank you in advance, Colin |
|
In my opinion becoming a SOT isn't that big of a deal.
SOT records are pretty much the same as 01 firearms. You will have an A&D book to log NFA items in and out. Customers will complete a 4473 that will have to be filed same as the other 4473s from firearm sales. We keep a separate A&D book and we file the NFA 4473s in a separate stack. You will need to learn about a few new ATF forms, but a quick visit to the class 3 forum on this site should get you squared away pretty fast. If not Tony_K and others in the forum are great at helping. SOTs run $500 a year, the year starts July 1st. We are a small gunshop with limited budget, so stocking MGs and Silencers isn't an option. We mainly handle transfers for the customers, which we charge $50 for. An average year we will make enough to pay the SOT fees and have a little left over. The local LEO agencies get most of their MGs (Colt M-16s and Colt AR-15 9mms) from the DOD program. Basically Uncle Sugar let's the LEOs have surplus MGs to use. We had one agency ask about some 14" Benelli shotguns, but a large police distributor in the state beats all other quotes to hell. So we lost that bid. Most police distributors will offer better pricing to LEO agencies so most LEOs buy direct from the distributor. Our bread and butter is silencers, we have done four transfers on MGs, and helped a few customers with getting their forms together for SBRs. One positive thing is post-86 dealer's samples, the local chief LEO wanted a demo of the M-16 before they signed on to the DOD program. So we got a letter from the LEO and bought a dealer's sample Colt M-16 for $1,000. As long as we keep our SOT we can keep the M-16  It is a blast to shoot and better than paying $14,000 on the civilian market.
|
|
That really doesn't sound as bad as some people make it out to be. The perks alone could possibly be worth the SOT fee, it appears?
With the year beginning July 1, I'd expect I had better look in to it sooner rather than later. Very good suggestion to keep everything separate from the regular stuff. Thank you very much for the information. I greatly appriciate it. |
|
Quoted:
That really doesn't sound as bad as some people make it out to be. The perks alone could possibly be worth the SOT fee, it appears? With the year beginning July 1, I'd expect I had better look in to it sooner rather than later. Very good suggestion to keep everything separate from the regular stuff. Thank you very much for the information. I greatly appriciate it. There are some perks. Many silencer companies offer demo units at a discounted price. We have two YHM cans and a Silencerco Sparrow as demos, the only stipulation was we had to keep the cans for a year before reselling them. We kept the cans and still use them as demos and for some after work relaxation  We also got a nice AOW Remington 870 at a discounted SOT price, which is another fun gun to shoot...or demo.
For the most part it is the same as selling 01 firearms, except instead of calling NICS and getting a proceed in a few minutes, you have to wait a few months to get the proceed from the NFA branch. A customer buys a silencer from XYZ and has you do the transfer. You send/fax XYZ a copy of your FFL/SOT and XYZ does the forms to transfer the can to you. Once the NFA approves the transfer XYZ sends the can and a copy of the approved form to you. You then call the customer in to get their paperwork done. Paperwork and $200 goes to NFA and a few months later the approved form and tax stamp arrive back at your shop. You call the very happy customer and they come in and fill out a 4473 (no NICS check needed) then the happy customer leaves with their new toy. We make a copy of the approved form and file it with the 4473 as extra insurance. There is more to it but this is a quick run down of procedures. If you are serious about going SOT then it is best to do it sooner to get your $500 worth. |
|
If I could hijack just a little bit, I have a sort of follow on question to this. I work part time for a local 01 FFL. We are planning to change to an 07 manufacturers license and obtain our 02 SOT. My question is do we need to pay ITAR fees? And if so, where do you find out the pertinent information about how much and who do we pay it to? |
|
$2250 per year, paid to the Department of State. http://www.pmddtc.state.gov/registration/index.html
Yeah, it sucks. |
|
Quoted:
If I could hijack just a little bit, I have a sort of follow on question to this. I work part time for a local 01 FFL. We are planning to change to an 07 manufacturers license and obtain our 02 SOT. My question is do we need to pay ITAR fees? And if so, where do you find out the pertinent information about how much and who do we pay it to? A good person to ask is Bubbles, she is a member of the forum. Her and her husband are 07s so she can tell you about it. I don't think she would mind if you sent her a IM asking ETA: I finish typing my reply and find out Bubbles is already on the ball... 
|
|
Thanks Bubbles. I don't think we will have any problem making this pay for the fees associated with it. But I just wanted to make sure we needed to pay the ITAR before we did it. I want to have all of our ducks in a row with this before we start so there are no issues. I figure the ITAR fees are cheaper than the lawyer fees for not having it. Thanks again. |
Armory Sponsor