So I have decided to take the plunge and get my FFL.

Discussion in 'NFA/Class 3 & FFL Discussion' started by Ilv4xn, Dec 4, 2010.

  1. Ilv4xn

    Ilv4xn New Member

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    As of the first of the year I am planning on starting my own home business. I just want to know the best order of things to apply for my FFL.

    1. Final approval from wife.
    I fear her more then the ATF

    2. City business license

    3. Tax ID #

    4. Apply for FFL with ATF.

    5. Send letter to city Leo

    6. Wait
     
  2. c3shooter

    c3shooter Administrator Staff Member

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    Somewhere in the early stages, documentation that your LOCATION meets zoning requirements. Biggy for home based business (if you plan to have home based) AND- insurance? Incorporate? Would make sure I did the last two. By insurance, I mean business liability insurance. When someone buys a surplus SKS, does not clean the grease out of the FP channel, gets a 10 rd slam fire, shooting two fellow shooters, you will be glad that your insurance company pays for your defense in the civil suit.
     

  3. Ilv4xn

    Ilv4xn New Member

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    If the city issues a business license for my gun business. Would the zoning issue be part of that? Will Internet attorney Inc. Filing be enuf
     
  4. Straight_Shooter

    Straight_Shooter New Member

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    When you apply for the business license, part of the fee is to check your zoning. The Chief of police and or the Fire Chief may want to inspect. Mine did.
     
  5. Missouribound

    Missouribound Well-Known Member

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    Ffl

    First of all good luck. You will need to create a business name and register it with the state before you can do anything else. Very often a home business doesn't need to get a business license, but if there is a homeowner association involved you will need the permission. It's unlikely you will have an issue with that unless you plan on having a store front. If you haven't done so, you can get the forms from the BATF online to start the process. It's free, but being a government agency it's predictably slow. But understand that the BATF has no problem with a home based business as long as you meet the criteria. That information will come with your FFL package.
     
  6. billdeserthills

    billdeserthills New Member

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    You'll need to get your incorporation together before you apply, it can be very difficult to change from sole prop to llc
     
  7. Ilv4xn

    Ilv4xn New Member

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    I set up an LLC. got an EIN#. filled out my app called the ATF twice to ask dumb questions. and mailed it off. I am going to wait on the city permit untill the ATF tells me I have to. i figure that can be in my 30 day window and the city deal is online.
     
  8. Missouribound

    Missouribound Well-Known Member

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    It's highly unlikely the ATF will have any involvement at all in you getting a permit. It's just not part of their jurisdiction. Besides, the ATF allows home based FFL services so it's not really a concern of theirs. You still need to follow the rules of course, but as long as securing the firearms is provided and accutrate bookkeeping is done the ATF will be satisfied. Good luck to you.
     
  9. Straight_Shooter

    Straight_Shooter New Member

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    On my app an ATF agent came by to inspect the premise and go over my application to make sure all local laws were followed (Business License) before he would check it off and submit for final approval. If you want to avoid a pretty lengthy delay you should have all this done before the inspection.
     
  10. tecknomage

    tecknomage New Member

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    Good luck with it. I'm gonna turn mine in when it expires this term. Headakes, always wondering what new revisions atf is gonna do, etc.
    Wit hall the feesd, lic's, insurance, etc. & not wanting to charge people large fees, It just isnt worth it for me anymore. But I am GLAD to see others tasking the plunge..


    David
     
  11. spittinfire

    spittinfire New Member Supporter

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    What is the total cost associated with applying for your FFL?
     
  12. Ilv4xn

    Ilv4xn New Member

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    well lets see the LLC fee in Oregon is 100.00 a year the tax ID # is free. the ATF app fee is 200.00 for the first 3 years ans 90.00 every 3 after that to renew if I have to have a city busness lic. I have to pay them every year as well I set up a checking acct. in the busness name that's only 6.00 a month. then there is advertising. Oh I almost forgot along with the App you need two fingerprint cards at 15.00ea and passport photos at 10.00
    all in all I am almost broke and I don't even have an FFL yet I also have not priced any insurance yet.
     
  13. billdeserthills

    billdeserthills New Member

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    I wanna tell you about the insurance,
    I already had a Liability policy on my Locksmith Business, that small insurance company charged me an extra $400 a year (total of $1,400/year)to extend my Liability policy over to my Gun Shop (I run both businesses from one shop) The NRA wanted to insure my Gun Shop, only $5,000 a year! They also couldn't cover the Locksmith part of my business... Now that does not cover me at any gun shows, because I can't see a reason yet to pay the insurance company at a gun show...
     
  14. paul

    paul New Member

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    Home based FFL

    I'm glad I tuned in today. I definitely am not going to apply or my wife. Geez, all I want to do to is remain law abiding and trade and sell a little bit with people. I'm not even into the profit part so much as breaking even and enjoying myself with my friends and family. How do you find out what an individual can and can't do as far as dealing with firearms and ammo? :)
     
  15. billdeserthills

    billdeserthills New Member

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    Simple, You (unlicensed person) are not to engage in the business of buying & selling firearms in order to make a profit.
    Good luck keeping some wayward ATF agent from stealing your private-owned table full of guns under the guise of the RICO Act. You like any other Citizen can be charged with anything a nutty cop or fed can come up with. Plenty of people in the wrong place at the right time have been. Time to get Pre-Paid Legal Yet??
     
  16. Ilv4xn

    Ilv4xn New Member

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    Well I got my call and my ATF meet n great is tomorrow. Wish me luck. My web site is up and running. www.blacklabelarms.com
     
  17. billdeserthills

    billdeserthills New Member

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    Good Luck on your new venture. I hope you have some money to by a bunch of new guns, that will slowly turn into old guns. Last I heard the best way to make a million in the gun retail business is starting out with 2 million. Unfortunately with my "OK I'll try a couple" attitude I have managed to buy what seems like two of every friken loser gun is out there...
     
  18. Ilv4xn

    Ilv4xn New Member

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    well the ATF visit was nothing like i expected. we sat at the dinner table. he asked a few questions wanted to see some paperwork. went over what the ATF will look for on paperwork. about 2 hours later said good luck here is your #. now hurry up and wait.

    as far as not losing money. I am gong to try to avoid inventory. I have a day job and I work with a bunch of gun nuts. as well as friends and family. the hard part is getting people to talk about me. my goal is to profit $100 a month after i get some money built up for the business. I also found a very aggressive accounting firm to do my taxes.
     
  19. Ilv4xn

    Ilv4xn New Member

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    It's here, It's here. It's really really here!
     
  20. billdeserthills

    billdeserthills New Member

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    Now you hafta get some inventory. Do yourself a favor and don't let your distributor(s) push stuff on you that you can't sell...I sometimes have a hard time making the best gun picks...But the best gun show sale days I have occur when I have as much of everything as I can get. I can never believe the way stuff starts just selling itself at a gun show, once a crowd has formed