FFL's post your location, contact information and transfer fees
2 posts • Page 1 of 1
- Senior Member
- Posts in topic: 1
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- Joined: Sun Mar 27, 2005 11:56 am
- Location: Irving, Texas
I am looking to go ahead and become a FFL, mostly to do transfers. However, in looking over the application, it asks for business name and type (INC. LLC, sole proprietor). Can I use my current business name and type (LLC) or do I have to go with a new one? BTW, I am in the A/C business and the FFL would be run out of my office.
NRA-Benefactor Life member
I am not a lawyer, but here’s my thoughts. Get a separate business name and organization. Whether LLC, SUB-S whatever is up to you. You can do business out of your A/C location if you want but you have liability shield between your FFL business and your other business / personal finances. If someone wants to sue you for conducting a perfectly legal transaction to someone who ends up “doing something bad,” they can’t potentially take everything from you.