Here in Harris County, I have seen many customers go the trust route. I did not like it at first - I thought is was a cheap way out. Boy, was I ever wrong. Small Arms Review magazine ran an article a few months back about using revocable living trusts to acquire firearms. FYI, the National Firearms Act of 1934 even listed trusts in the original law. I see three distinct advantages to revocable living trusts as compared to a corporation or LLC:
First, there is no filing fee; the filing fee for a LLC in Texas is $300.00.
Second, there is no annual paperwork to keep the trust "alive"; a corporation or a LLC requires annual paperwork to be timely filed. If the paperwork isn't filed, the entity can be terminated by the state. If that happened, you have an illegal weapon if the corp or LLC was the legal, registered owner.
Finally, privacyt. When I filed my LLC, I was overwhelmed by solicitations of every kind by mail. As if that is not bad enough, any weapons posessed by the corporation or trust are generally subject to annual taxation. The state knows who you are, so if they wanted to do so, they could come-a-knocking for some monies.
For specific tax or legal questions about going the trust, LLC, or coprpoate route, I recommend you speak with an attorney or a CPA. You don't have to do so, but if this is your first dance, you may find it beneficial to do so.
Keith