Armory Sponsor
Posted: 8/28/2013 11:45:37 AM EDT
|
I'm embarking on a project to get a Roni carbine conversion for my Glock 19. I'm getting ready to send it to Orion to get the trigger guard engraved. I know there are three ways to do this; Person, Trust, or Company. Since my familly already has an LLC formed to hold our homestead, I was thinking that would be the way to go. This would bypass the LEO crap.
Now, I have acquaintances who have done it personally and their name, city, st go on the engraving. They also own the firearms. I will be using our LLC, city, st. BUT, does the LLC have to be the “owner” of record, of the firearm, in any way shape or form?! In other words, do I have to go to a FFL and transfer the firearm from myself to my LLC? How would the ATF even know, as the FFL transfer is only supposed to be to make sure a background check is done? Ownership records are supposed to be forbidden under current law. OR – is it just that I’m saying that the LLC built the gun, but I’m the owner? |
|
Quoted:
It's generally a bad idea to mix NFA and non-NFA assets in a trust/corp due to the legal issues surrounding ownership of NFA items and regular property/assets. +1 It would be a shame to lose your gun because someone sued your LLC because of a slip and fall incident. |
|
Quoted:
+1 It would be a shame to lose your gun because someone sued your LLC because of a slip and fall incident. Quoted:
Quoted:
It's generally a bad idea to mix NFA and non-NFA assets in a trust/corp due to the legal issues surrounding ownership of NFA items and regular property/assets. +1 It would be a shame to lose your gun because someone sued your LLC because of a slip and fall incident. Almost impossible with an SBR. |
|
Quoted:
Almost impossible with an SBR. Quoted:
Quoted:
Quoted:
It's generally a bad idea to mix NFA and non-NFA assets in a trust/corp due to the legal issues surrounding ownership of NFA items and regular property/assets. +1 It would be a shame to lose your gun because someone sued your LLC because of a slip and fall incident. Almost impossible with an SBR. Think of it the opposite way: it would be a shame to lose your homestead/other property because of a lawsuit relating to the firearm. Lawsuit resulting from an ND where someone was injured, etc. There was a recent thread where someone was charged because their ricochets (inadequate backstop) crossed a road and hit an occupied dwelling. No injuries in that case, but could easily have been some. Better to spend a few $$$ now and keep NFA separate from everything else. Never know what may happen in the future. |
|
Quoted:
Think of it the opposite way: it would be a shame to lose your homestead/other property because of a lawsuit relating to the firearm. Lawsuit resulting from an ND where someone was injured, etc. There was a recent thread where someone was charged because their ricochets (inadequate backstop) crossed a road and hit an occupied dwelling. No injuries in that case, but could easily have been some. Better to spend a few $$$ now and keep NFA separate from everything else. Never know what may happen in the future. Quoted:
Quoted:
Quoted:
Quoted:
It's generally a bad idea to mix NFA and non-NFA assets in a trust/corp due to the legal issues surrounding ownership of NFA items and regular property/assets. +1 It would be a shame to lose your gun because someone sued your LLC because of a slip and fall incident. Almost impossible with an SBR. Think of it the opposite way: it would be a shame to lose your homestead/other property because of a lawsuit relating to the firearm. Lawsuit resulting from an ND where someone was injured, etc. There was a recent thread where someone was charged because their ricochets (inadequate backstop) crossed a road and hit an occupied dwelling. No injuries in that case, but could easily have been some. Better to spend a few $$$ now and keep NFA separate from everything else. Never know what may happen in the future. The Uzi shooting in MASS a few years ago shows it does not really matter who owns the gun when an AD/ND/UD happens. Nobody sues the gun, they sue people. |
|
I don't want to hijack, but the op has the same question as I do with a slight twist. I got my name already engraved on the lower, did not send off the paperwork to sbr, and am now thinking of creating a trust and sbring the rifle (the lower is sitting stripped in the safe).
Should I have my name crossed out on the lower and re-engraved with the trust name then? |
Armory Sponsor