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« Harvard Law Rev. on Firearm Mfrs Protection Act | Main | Patrick Kennedy »

Title II ideas

Posted by David Hardy · 6 May 2006 01:13 PM

An interesting discussion on getting NFA permits issued to a trust, corporation or limited liability company, instead of to an individual.

One problem with an NFA permit is that it's issued to one person or entity, and only that one can possess the firearm. If the permit is to you, your spouse cannot use it without you being present, even tho the spouse is co-owner. I don't do trusts, but it does sound like an interesting idea.

· National Firearms Act

Comments

I've owned corporations and LLCs in the past for biz purposes.

I've been seriously toying with the concept of forming a family LLC with the spouse for various domestic purposes. Having a corporate entity handy can often simplify a lot of the stuff you wind up doing during the normal course of any life more complex than flipping burgers.

Posted by: geekWithA.45 at May 8, 2006 09:00 AM

There's no such thing as an NFA "permit". NFA weapons are weapons which a person (or entity) must pay a tax on (and gain approval for)in order for it to be transferred to him. You have to pay the tax and submit the fingerprints and get the aproval for every item that you wish to have transferred to you. Some states prohibit NFA items altogether, so you'd be out of luck having one transferred to you in say, IL.

I hope that clears things up a little.

Posted by: Reason at May 8, 2006 12:36 PM

I re-read your post and realized you probably already knew that. Apologies for being presumptious.

Posted by: Reason at May 8, 2006 12:38 PM

I just finished drawing up a family trust for myself and my parents (since I have no wife or children currently). I have a reflex can on the way at the moment.

From what I can tell, everyone in FL is doing this now that it is down to a reliable routine. It cuts out the fingerprint and CLEO requirements and as far as I have heard, also quickens the turnaround time.

Posted by: beerslurpy at May 9, 2006 10:22 PM

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