Scott B. wrote:Be wary of 'facts' posted on that particular web site...and certainly do not take their advice on NFA requirements for marking a lower.
"Not everything you read on the internet is true." ~ Abraham Lincoln, 1868.
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Return to “Thinking of Getting an FFL”
- Wed Jul 06, 2016 8:40 pm
- Forum: FFL Holders
- Topic: Thinking of Getting an FFL
- Replies: 40
- Views: 35014
Re: Thinking of Getting an FFL
"Not everything you read on the internet is true." ~ Abraham Lincoln, 1868.
- Wed Dec 10, 2014 7:49 pm
- Forum: FFL Holders
- Topic: Thinking of Getting an FFL
- Replies: 40
- Views: 35014
Re: Thinking of Getting an FFL
Thanks! Still considering this. Need to be really sure. We aren't looking to make a killing (wouldn't turn it down though!!) but just some spending money. Probably not going to travel much, we have become 'homebodies'. We don'thave an HOA and there are no zoning restrictions. Will I need to prove that? If so is highlighting the appropriate sections of the city ordinances sufficient (in a printed document for the ATF examiner).OldCannon wrote:This is true. If you live under an HOA, for instance, the ATF will require that you show proof that the HOA has approved your business to operate from your home.cb1000rider wrote:I looked into it a bit.. It's the record keeping that was a little alarming and the idea that you had to keep that forever and turn it in if you ever wanted to turn the business down.
In general home based businesses have to be wary of zoning and property restrictions, if they exist.. And the do exist in most residential areas.
The paperwork part isn't too bad, unless you're bad at keeping paperwork, then you shouldn't even consider being an FFL
As for retirement income, _please_ keep in mind that most firearms have very low margins. Combine this with the fact that you must be home to receive shipments (signature required) and you can quickly find that the FFL business can keep you tied into one place and not making a lot of $$. If you're good with that, then you're all set, but if you and your wife want to travel post-retirement, it's not really an option (counterpoint: You open a small store and hire an employee or three)
Feel free to PM me if you have specific questions
- Wed Dec 10, 2014 4:33 pm
- Forum: FFL Holders
- Topic: Thinking of Getting an FFL
- Replies: 40
- Views: 35014
Thinking of Getting an FFL
I'm thinking of getting an FFL, primarily to do transfers, and occasional sales on Gunbroker. Looking to, over the years, build a business to provide additional income for when we 'retire'. The business would be combined with some things my wife (an RN) is working on. I'm looking for any advice, especially any issues or concerns related to a home based firearms business. I've read my city ordinances and cannot find anything prohibiting this kind of business. Also any thoughts on liability insurance. We do plan to incorporate as an LLC. Thoughts? Advice? Thanks!