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Posted: 12/11/2005 8:55:59 AM EDT
Link Posted: 12/11/2005 9:33:03 AM EDT
LLC's are very simple to setup and maintain. You will have to apply for a new FFL; you cannot "transfer" your current FFL from you (an individual) to your new LLC. Realize that this will take some time to do.


Keith
Link Posted: 12/11/2005 10:21:18 AM EDT
Since you're starting the LLC for your business, you will want to ensure that you do everying correctly to get limited liability (like treating the LLC like a separate legal person, etc.). You'll need a member agreement to govern how the LLC operates and there are also numberous taxation issues that you will want to discuss.

Conclusion - lawyer up. Call SC Texas or Eric since they're licensed here and they'll get you on the right path.

R.
Link Posted: 12/11/2005 10:50:27 AM EDT
i need to set up a llc too if anyone wants to help me
Link Posted: 12/11/2005 7:25:48 PM EDT
Wow this is sure coming up a lot.

Sounds like Christmas is coming early all over the place.
Link Posted: 12/11/2005 8:16:53 PM EDT

Originally Posted By eklikwhoa:
i need to set up a llc too if anyone wants to help me





me too
Link Posted: 12/12/2005 10:32:53 AM EDT
Link Posted: 12/12/2005 10:37:55 AM EDT
Link Posted: 12/12/2005 11:22:01 AM EDT

The question is this; can I use the same name with LLC appended?


It shouldn't be any legal problem to do so. I have NFA Investments Group LLC as well as NFA Investments. Two separate legal entities, similar name. The hardest part is keeping them separate due to the similar names.



Keith
Link Posted: 12/13/2005 7:09:59 PM EDT
Link Posted: 12/13/2005 7:14:32 PM EDT

Can a Texas incorporated LLC purchase class III weapons and bypass the traditional signoffs by local and govt agencies?


Yes. A Texas LLC ir Corporation is a legal entity and can purchase NFA weapons without the traditional signoff / fingerprints / photographs. This is possible because a Corporation or a LLC does not have any of these attributes. The actual person taking possession of the weapon must either have a Texas CHL or pass a NICS check.
Link Posted: 12/14/2005 1:29:12 AM EDT
As a recently licensed Texas attorney I would suggest that you contact an attorney to handle this for you. It is always good to have someone who you know is only looking out for your interests. Everytime I hear about relying on someone else it always makes me a little weary. (Hey, I'm am lawyer what do you want?)
Setting up an LLC, or any limited liability entity for that matter, is something that requires a detailed understadning of the legal requirements and an understanding of your current situation and future aspirations.
If this is not done correctly you could end up in a very bad way. I would suggest contacting an attorney, just to CYA if nothing else. It is always good to have a pre-existing with an attorney as a matter of course, just in case.
Also in case you're wondering I am not trying to land the job, just wanted to give you an opinion.
BTW Congrats to everyone whos' business is doing so well!!!
Link Posted: 12/14/2005 3:31:44 AM EDT

Originally Posted By Mr_Happy1:
As a recently licensed Texas attorney I would suggest that you contact an attorney to handle this for you. It is always good to have someone who you know is only looking out for your interests. Everytime I hear about relying on someone else it always makes me a little weary. (Hey, I'm am lawyer what do you want?)
Setting up an LLC, or any limited liability entity for that matter, is something that requires a detailed understadning of the legal requirements and an understanding of your current situation and future aspirations.
If this is not done correctly you could end up in a very bad way. I would suggest contacting an attorney, just to CYA if nothing else. It is always good to have a pre-existing with an attorney as a matter of course, just in case.
Also in case you're wondering I am not trying to land the job, just wanted to give you an opinion.
BTW Congrats to everyone whos' business is doing so well!!!



so does this mean you are offering to help
Link Posted: 12/14/2005 12:10:32 PM EDT
If I was in the area I would be more than happy to help. But I am not going to be down in that part of Texas until after February. You would be better served by finding someone local.
Link Posted: 12/14/2005 3:49:50 PM EDT
[Last Edit: 12/14/2005 3:50:31 PM EDT by Arrowhead]
MOONEY...

Contact Bryan Hill at hilllawofficespc.com/. You will be very happy with his services.

He rescently helped me set up an LLC.

Be safe,
Leonard
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