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Gunsmithing FFL questons (not sure I put this in the right category)

grambo

Private
Full Member
Minuteman
Aug 22, 2012
34
3
I am a skilled fabricator with a passion for shooting. A few weeks ago some very close friends who are all profesional machinests and programers came and asked if I would be interested in starting a firearms parts business with them. (we have talked about it for years but are now getting off our butts) I am to be the business/ marketing end of things. (I enjoy buying guns and shooting them untill I am bord then selling or trading for something better, and have done quite well going so). So the plan is to start by making some custom 80% lowers and some uppers. I feel this is as dumb idea, I just don't think there is a big market. So I am looking into an FFL. here is the deal I know how to apply, and I was told the cost is $200 or so. but I also know there is several different kinds, and that our government is horrible to work with if something is not absolutly perfect. I am looking for someone who has recently gotten theirs to help.

What kind of FFL do I need to produce lowers and maybe other guns?
How long does this process normally take?
no plans to make class 3 items.
Is this the rout I should be taking?
Are there any hidden fees I should know about?
any other thoughts?

everyone else I could really use some ideas for things you would like to see made. we will be running full time in two months time and we have a 4 axis horizontal cnc mill.