Submitted by: Brandon Maddox

Provide Supporting Material

As far as documentation is concerned, it is not the application form only. You have to provide additional material as well. The most important pieces of material that the license issuing authority ATF might be concerned with are your photographs and finger prints. Now this is something that you must not do at home. In order to make these authentic with supporting proof, you should take photographs and finger prints at the local police station. They will be the witness that you have provided correct material to the license issuing authority.

Pay the Fee

The Federal Firearms License is not only for personal defense, but is also used in starting the firearms business. The license holders may run their firearms manufacturing and selling business, and can also work as firearms dealers, pawnbrokers, collectors, and importers. For each type of business, there is a separate class or type of FFL, essentially with different fee structures. It is advised to go through the fee structure of the type or class of FFL license you are applying for so that you may pay the exact amount of fee. It will help you avoid future problems associated with application rejection. Your application can be rejected if you haven t paid the full fee.

Document Your Business Information

An accepted license application remains valid for the next three years. The level of dedication that you show in getting the license must continue in the upcoming years as well. It is not enough to be legally permitted to possess firearms, you must show responsible attitude even after being a license holder. In order to avoid license revocation, you must follow the rules laid down by the monitoring authority. The following list mentions what the licensees are supposed to do being in the firearms business.

Keep business records such as all the purchase and sales transactions.

Sell only to license holders.

Do not sell more than one firearm to any person within a period of 5 days.

Pay levied taxes as per the volume of revenue you generate and the types of firearms you deal with.

Pay the license renewal fee.

By following these 5 simple tips, you can ensure that your Federal Firearms License application is approved in the first attempt and is also easily renewed at each subsequent interval.

The invention of guns and ammunitions gave rise to the need of strong implementation of law and order. Initially, firearms used to be for the use of military forces only. However, now it has become the need of every individual, business, and agency. Therefore, there ought to be a legal framework for carrying and using firearms.

Scope of FFL License

Since 1968, when the Guns Control Act was endorsed in US, Federal Firearms License (FFL) is a legal requirement. For a person or company dealing with firearms manufacturing and/or selling business in US, it is mandatory to have the FFL license. This license is valid for conducting interstate or intrastate firearms selling businesses.

The Federal Firearms License has 3 classes and 9 types. All the classes and types serve different purposes, but essentially relate to the firearms business. However, the scope of business practices varies greatly among all types and classes. Those interested in firearms business can apply for the type of license that goes well with their intended business model.

Regulatory Authority

Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) is the law enforcing and regulatory authority in the pertaining fields. It issues licenses to applicants, monitors their business activities, keeps firearms inventory records, maintains records of transactions, and implements all the related laws to ensure that firearms business activities do not violate the legal framework.

BATFE is authorized to enquire, scrutinize, and examine any FFL licensee with reference to his business dealings. Moreover, licensees are also required to keep complete records of their firearms inventory as well as the purchase and sales transactions for a period of 20 years. Both manual and digital record keeping is possible. BATFE may ask for this data at any given time.

Conditions Apply

If a licensee intends to move from one location to another, he must apply for a new license with amendments in the region of business operation. A single license is not valid for multiple locations. Until and unless the licensee does not receive the amended license, he is not legally permitted to continue his business operations at the new location.

Upon retirement, turning down the license or withdrawal from the business, a Federal Firearm Licensee is supposed to submit all his business records, data, and information to the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE). Such records then become a part of BATFE s Out-of-Business Records Center.

About the Author: Owner of the below sites and FFL and home-based Class 3 dealer

fflapplication.com/ffllicense.com/federalfirearmslicense.com/\”

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1671538&ca=Legal