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Posted: 7/20/2017 12:04:53 PM EDT
[#1]
The pre-86 machine guns can be transferred to the owner. The post-86 machine guns MUST go to another FFL/SOT with their own LE Demo letter or a LE/Gov't agency.
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Posted: 7/20/2017 12:19:24 PM EDT
[#2]
Quote HistoryQuoted:
The pre-86 machine guns can be transferred to the owner. Pre-86 "dealer sample" machineguns can only go to an active SOT. Unless the owner has his own FFL and SOT, separate from the business FFL/SOT, the owner cannot receive the samples. The business can retain them, even after giving up the SOT and/or FFL, though, as long as the business is kept alive as an entity. |
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Posted: 7/20/2017 12:21:27 PM EDT
[#3]
Quoted:
We are an FFL dealer and we would like to drop our SOT. We have a few pre 86 post 68 machine guns (dealer sample) and we are confused as to what happens to these items after we drop the SOT. Do these transfer to the LLC/owner or do we need to sell them to another SOT? |
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Posted: 7/20/2017 1:11:45 PM EDT
[#4]
Quote HistoryQuoted:
The post-86 machine guns MUST go to another FFL/SOT with their own LE Demo letter or a LE/Gov't agency. While not part of the OP's question this is also not correct. When an FFL/SOT gives up the SOT and has to dispose of his post-86 machine guns, no LE demo letter is required to transfer the posties to a manufacturer or importer FFL/SOT. A dealer will still need a demo letter. |
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Posted: 7/20/2017 3:29:48 PM EDT
[#5]
Quote HistoryQuoted:
The pre-86 machine guns can be transferred to the owner. The post-86 machine guns MUST go to another FFL/SOT with their own LE Demo letter or a LE/Gov't agency. Thew pre-86 can stay with the FFL since it still in business. The post-86 can go to a MFG ort importer with no letter, or to another dealer with a letter. Or to MIL/LE, or be demilled for parts, or given to local BATFE office. |
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Posted: 7/20/2017 5:08:42 PM EDT
[#6]
Quote HistoryQuoted:
WRONG on BOTH. Thew pre-86 can stay with the FFL since it still in business. The post-86 can go to a MFG or importer with no letter, or to another dealer with a letter. Or to MIL/LE, or be demilled for parts, or given to local BATFE office. What posties do you have OP? If you're looking to find them a home hit me up. |
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Posted: 7/20/2017 5:25:20 PM EDT
[#7]
Quote HistoryQuoted:
What posties do you have OP? If you're looking to find them a home hit me up. |
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Posted: 7/20/2017 5:39:08 PM EDT
[#8]
Quote HistoryQuoted:
Not really looking to sell any. The owner would like to keep them. Two MP5s and an MP5SD. Quote HistoryQuoted:
Quoted:
What posties do you have OP? If you're looking to find them a home hit me up. |
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Posted: 7/20/2017 6:06:41 PM EDT
[#9]
Quote HistoryQuoted:
Well unless you are going to make parts kits, that will not happen if you give up SOT. |
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Posted: 7/20/2017 6:12:41 PM EDT
[#10]
Quote HistoryQuoted:
I thought they were transferred to the LLC per another post in this thread??? Pre 86 post 68 dealer sample. We do not have any post 86 dealer samples. If the owner ever dissolves the LLC, the owner will not be allowed to take personal possession of the pre-86 samples unless the owner gets a personal, sole proprietor FFL and SOT and transfers the pre-samples from the LLC to the personal FFL/SOT before discontinuing the LLC entity. |
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Posted: 7/20/2017 6:20:59 PM EDT
[#11]
Quote HistoryQuoted:
I thought they were transferred to the LLC per another post in this thread??? Pre 86 post 68 dealer sample. We do not have any post 86 dealer samples. You wrote "We have a few pre 86 post 68 machine guns". I guess we assumed you meant We have a few "pre-86 & post-86 machine guns", as post68 is not a term used since 1986. |
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Posted: 7/20/2017 10:04:47 PM EDT
[#12]
As the others advised, the only things the FFL cannot keep are the post-86 MGs. Since you advised the FFL doesn't have any, then they're all keepers.
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Posted: 7/25/2017 1:01:23 PM EDT
[#13]
Any idea of what I am supposed to do with the records? Do I dispose of the MGs to the LLC? Do I send my books to the ATF? I've left numerous phone calls and emails with ATF but no one can tell me or will respond... figures...
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Posted: 7/25/2017 1:23:53 PM EDT
[#14]
Quote HistoryQuoted:
Any idea of what I am supposed to do with the records? Do I dispose of the MGs to the LLC? Do I send my books to the ATF? I've left numerous phone calls and emails with ATF but no one can tell me or will respond... figures... Unless the LLC is also dropping its FFL, you keep your books. The LLC already owns the MGs, so no disposition is required. You only send your books in to the ATF if the LLC is dropping both its SOT and its FFL. |
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