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Posted: 10/11/2020 7:54:36 PM EDT
[#1]
Quoted: As a LLC if I decide not to renew my SOT next summer what would happen to the inventory I have in stock? Mgs sold to another sot or destroyed everything you can transfer to yourself or sell it to me. |
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Posted: 10/12/2020 1:35:52 PM EDT
[#2]
Got it. Thanks
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Posted: 10/12/2020 4:12:13 PM EDT
[#3]
Quote HistoryQuoted: Mgs sold to another sot or destroyed everything you can transfer to yourself or sell it to me. As long as the LLC doesn't dissolve, it can retain ownership of the transferrable items, including suppressors. If the LLC is dissolved, then they would need to be transferred out and the transfer taxes paid. |
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Posted: 10/12/2020 6:38:00 PM EDT
[#4]
Quoted: As a LLC if I decide not to renew my SOT next summer what would happen to the inventory I have in stock? The LLC continues to own them, but any Post-Sample Machine guns must be sold or destroyed. Good idea to start this process in early 2021 so as not to get jammed up. |
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Posted: 10/13/2020 1:29:19 PM EDT
[#5]
Quote HistoryQuoted: Good idea to start this process in early 2021 so as not to get jammed up. |
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Posted: 10/14/2020 7:52:19 AM EDT
[#6]
Ill probably just start the process of transferring them into my name. It will probably be easier to do that than to let them go on the LLC.
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Posted: 10/15/2020 10:46:17 AM EDT
[#7]
Quote HistoryQuoted: Ill probably just start the process of transferring them into my name. It will probably be easier to do that than to let them go on the LLC. |
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Posted: 10/15/2020 9:47:06 PM EDT
[#8]
Nothing that I'm aware of. My accountant takes care of all that stuff for me.
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