Background: I started a machine shop with my cousin as my business partner. We got our FFL two years ago to try test the market out for ourselves. Recently my cousin got a great job doing what he loves (writing). So since he was not committed to the shop anymore and wanted to move his life in a different direction he asked if I was interested in buying his portion of the partnership. I said yes. Situation: Well I notified the ATF three weeks ago and Tuesday I got a call telling me I am losing my FFL. Twi agents came over yesterday and had me sign a peice of note book paper saying a "voluntarily" give up my FFL. This is so that I can re-apply. The agent said because it was a partnership and now its now then the FFL is null and void. They said the "entity with the FFL was the partnership and now that it has ended the entity is over. Final Thoughts: I understand needing a new FFL number but having to reapply is ridiculous!!! I have already been cleared by the ATF!!! I have never had a problem with them before this. Anyways, its not a death blow. We were have other, non-firearm, contracts. This will give us time to finish tooling up for AR15 lowers (who doesn't need another AR?!?). I smell a "The ATF Sucks" AR15 80% Lower Giveaway Contest!!!