Posted: 7/16/2007 3:12:50 PM EDT
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Does anyone have a link to the paperwork that needs to be filed, and some "how to register yourself as an LLC for some cool toys" directions for dummies? Jay |
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www.sos.state.oh.us/SOSApps/SOS/FormRefbs.aspx Just make sure to do search of the name you want use. |
You can do this now. Have one machine gun in a LLC and sell the LLC at any time. No more $200 tax to be paid ever. |
I think he understands that. He was saying that you could still sell your NFA items as the entire LLC if the transfer of NFA weapons was outlawed. Jay |
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I'm still going to go the trust route when I finally get my SBR and can. Again, the issue isn't whether the trust is a legal entity or not but rather is the trust setup properly. This is why, as mentioned above, it's best to spend a few $$ on a competent lawer to get it setup properly. Even if you go with an LLC you should still consult lawyer to ensure it's setup properly and possibly even an accountant to make sure it's maintained properly. I assure you if anything is fishy if the ATF ever looks into your corp the consequences will be about the same as an improperly setup trust. I personally, like the trust better because once it's "properly" setup I won't have to worry about maintaining it like a corp. Regardless, everyone needs to decide what entity is best for them and their NFA needs and use what works best for them... |
Exactly. To outlaw trust ownership would require a law change. |