The Federal Firearms License
What Is The Federal Firearms License And What Can it Do For Me?
Many people in the States have thought one time or another about buying and or selling firearms, but not exactly sure how to go about or what is required by local and state laws that govern the Federal firearms license regulations. For years the Federal firearms license has been kept under tight wraps by the ATF (Bureau of alcohol tobacco & firearms agency) in order to keep from being flooded by applicants that are otherwise be disqualified from obtaining the FFL.
The ATF has designed the process to be a bit on the elusive side and difficult to achieve because quite frankly, not many are qualified mainly due to their background history and or not responsible enough to properly maintain the legal obligations one has when granted the privilege of publicly buying and selling firearms.
This is a rough guess, but I would say somewhere around 90% (Please feel free to correct this percentage if you have knowledge of exact figures in a comment below) of the people who apply for the Federal firearms license will not qualify for those reasons mentioned above. Individuals that have A history of irresponsible behavior such as a criminal background, DUI etc. Usually is a good find that they have a problem with authority which in the case of the Federal firearms license this is a problem that should be avoided.
By becoming a Federal firearms license holder, it allows you to buy firearms at wholesale prices(30% below retail) without the need to pay the transfer fees to have firearms shipped from one ffl holder to another. This alone can save you thousands of dollars just over the course of a year – assuming you buy a lot of guns?
Federal Firearms License Types
What are the different Federal firearms license types?
There are a few different license types within the three classes of Federal Firearms Licenses; all of which make up 10 different TYPES of Federal Firearms Licenses. These can be applied to either of the three Different classes in several ways centered on the class of FFL you choose to maintian.
So what do all these types and classes mean? Well its a bit out of the scope for this excerpt, but we’re going to try and explain these confusing paralelles… That said, I’ll assume that you haven’t attempted to applied for the FFL license yet.
In a nutshell I explain the most important issues to know about the different types based on the federal firearms license applications.
I’ll will keep it as short as humanly possible for time sake as I’m sure your time is valuable, but do eternally appreciate you spending a little of it here on my site.
The Curio & Relic Federal Firearms License
What Is Curio and Relic Federal Firearms License And how can I use it?
Curio and Relic Regulations have always been a confusing topic for antique Firearms collectors. The federal regulations governing the C&R FFL include and are limited to firearms that are of special interest and 50 years and older.
The Curio and Relic (C&R) firearms regulations these, types of guns are special interest weapons and are not to be used for sporting or defensive purposes.
Curio and Relic License holders are not allowed to sell for profit as the standard FFL holders do. The Curio and Relic license restricts the collector to adding or subtracting to build up his or her own collection.
In order to obtain a C&R federal firearms license you must apply and submit the ATF’s Form 7CR application.
Futhermore, your firearms must fall under one of the following categories otherwise you will not qualify for the type 3 firearms license:
1. Your firearms must be at least 50 years old or older. Replica weapons do not qualify for the curio and relic age qualification.
2. Firearms that are qualified by the manufacturer and are found in either Municipal, State, or Federal museums.
3. Any weapons that are uncommon or clearly connected of a special interest group or having some type of historical identity, time frame, or possibly some memorable occurrence.
Qualified weapons must be proven by verification of the present value, and also are not commonly obtained except by a collector’s means. These weapons are not commonly available in everyday business avenues.
In a nutshell, C&R firearms are antiques 50 years and older, are not allowed to be sold for profit using a C&R Federal Firearms License and they are generally not available to the public.
Federal Firearms License Gun Safes
What are the different gun safe types and what do I need for my FFL Business?
Commonly, people will buy a gun safe for either to protect their gun collections or personal documents at home or the office. either way, the function is the same. Gun safes are not only for storing guns, but also confidential documents as well. Our societies crime rate has forced many individuals to find the best protection possible to anticipate a home or office invasion and the gun safe typically fits the bill.
Gun safes over time have been and are used for purposes since they were introduced to the consumer market. More typically they are used to store not only firearms, but also sensitive documents and other valuables such as money and or jewelry. They do a very good job of keeping firearms and valuables from robberies, natural disasters like fires and earthquakes, not to mention a “safe” from curious children… Unpredictable incidents happen all the time therefore a gun safe is a perfect solution of protection against any of those types of unforeseen events.
By far fireproof gun safes are the suggested gun safe of choice. They provide a much higher level of protection fire, building collapse from earthquakes and theft. Obviously the price will be, in some cases significantly higher than your typical gun safe, but well worth the money in any event. An executive gun safe is a far better choice if your assets comprise of antiques firearms, jewelry and perhaps other forms of luxurious items as well.
Besides protecting against theft and natural disaster, the gun safe is designed to provide protection against humidity when combined with a gun safe dehumidifier. Even the best of gun safes cannot protect your firearms from moisture without moisture absorbent such as silica gel packs… Dehumidifiers protect your firearms from rust, paper items from mold and porous gemstone’s from the minerals that are left behind from evaporated moisture.
The protection that an executive type gun safe can provide is by far the choice of most professional federal firearms dealers.