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Thread: Obtaining FFL

  1. #1
    Marksman

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    Obtaining FFL

    After many years of thinking I have decided to apply for a type I FFL. Anyone have any source for good information that would help with the process ?
    Last edited by Danable; January 27th, 2020 at 10:51 PM.

  2. #2
    Blackhawk

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    Just remember that the FFL is only part of the process. You'll need to register for city and parish and state sales tax and make your monthly reports (after a year you can move to quarterly reports with some of the taxes). And this is even if you have no sales. Might want to check with an accountant for the proper registration forms. And apply for a federal employer ID (even if you are the only employee).Then there's insurance to consider if you are engaging as a business. Those are some of the reasons I dropped my license after 25 years.
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  3. #3
    Marksman

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    Quote Originally Posted by Blackhawk View Post
    Just remember that the FFL is only part of the process. You'll need to register for city and parish and state sales tax and make your monthly reports (after a year you can move to quarterly reports with some of the taxes). And this is even if you have no sales. Might want to check with an accountant for the proper registration forms. And apply for a federal employer ID (even if you are the only employee).Then there's insurance to consider if you are engaging as a business. Those are some of the reasons I dropped my license after 25 years.
    Doesn't really seem worth the trouble.....
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  4. #4
    Marksman

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    Quote Originally Posted by Blackhawk View Post
    Just remember that the FFL is only part of the process. You'll need to register for city and parish and state sales tax and make your monthly reports (after a year you can move to quarterly reports with some of the taxes). And this is even if you have no sales. Might want to check with an accountant for the proper registration forms. And apply for a federal employer ID (even if you are the only employee).Then there's insurance to consider if you are engaging as a business. Those are some of the reasons I dropped my license after 25 years.
    I’m curious, did you have your FFL as a hobby, or did you a have a business that you intended to make a profit with? And ultimately what would you say was the main reason you decided to let go of it ?

  5. #5
    Marksman

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    Quote Originally Posted by Danable View Post
    I’m curious, did you have your FFL as a hobby, or did you a have a business that you intended to make a profit with? And ultimately what would you say was the main reason you decided to let go of it ?
    Now days the ATF frowns upon people getting an FFL as an hobby. The purpose of getting an FFL is to engage as a business. Sure back in the day people got an FFL as an hobby but the ATF lady said there trying to get people away from doing that. And that’s the reason you have to get all the paperwork tax IDs and such. If running from a home shop make sure planning and zoning allows for it.

  6. #6
    Marksman

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    FFL123.com is what I used many years ago. I had a home based FFL. It was pretty painless. Atf field agents I've delt with have always been nice and helpful.

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  7. #7
    Marksman

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    I had a home FFl for about 9 years back in the 80's. Regulations were different back then. Foreign imports of all kinds were plentiful, police trade in's, lots of neat guns in Shotgun news. When Clinton was elected the license went from $30 for 3 years to $300 for three years, don't know what it is now. When the last renewal expired I packed up my records and sent them to the ATF. If you already have a business of some type in place you may be able to include an FFL as part of your business.. Either do it big or not at all.
    Last edited by buttanic; January 28th, 2020 at 08:56 AM.
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  8. #8
    On Target

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    Maaan, it's gotten a whole lot more complicated than it used to be. I had an FFL back in the late 80's and early 90's when I worked in law enforcement. I got it so I could order guns straight from the distributors at dealer cost and save from $200 to $400 off buying the same guns in a store. I didn't get any tax stamps or any other licenses, just the FFL. Do they actually check now to make sure you have all the tax licenses and employee ID, etc? I was thinking of getting an FFL again but if I have to go through all that then no.

  9. #9
    Marksman

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    Thanks for all the info. This FFL is for a business that has an EIN and all LLC procedures followed.

  10. #10
    Training Ferrous Metal

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    Quote Originally Posted by Danable View Post
    Thanks for all the info. This FFL is for a business that has an EIN and all LLC procedures followed.
    I wouldn't link it to another business, especially if that is your main source of income. I know many FFL's that have multiple businesses registered to separate FFL from non FFL activities.

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