I'm a sole-proprietor FFL holder w/ a decent inventory of Title II items. I'm considering changing my business structure towards incorporation, and was wondering about my options to transfer my inventory to the new entity should I do it. Can a Form 3 be used to transfer across the "cutoff" date? That is, I have my $500 SOT paid for the current year, and I don't want to pay the $500 for the corp so that it overlaps, but rather to start the new SOT year. Does the NFA branch allow Form 3's to go this way, or would it in fact require me to pay an additional $500. Simplified: 2010: sole-prop FFL pays $500 tax 2011: corp FFL pays $500 tax ??2011: sole-prop needs to pay $500 to transfer over inventory?? If this is not allowed, I'm thinking it might just be cheapest to transfer to another friend w/ FFL+SOT, then have him transfer it all back to my new corp in the new tax year. Ideas?