Re: form 4
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: force_multiplier</div><div class="ubbcode-body">
...I had my FFL in 18 days, SOT in 2 wks, form 3s are talking 3-4wks.... so by my math, <span style="font-weight: bold">I could have had an order in as little as <span style="font-size: 14pt">2mo</span></span>.... that's faster than a form 4... by law the ATF licensing division has 60 days, from the time they receive a completed packet, to either issue or deny your FFL. Technically as soon as your check is cashed, you've met the SOT requirement, <span style="font-weight: bold">add a month for a Form 3 and you're still <span style="font-size: 14pt">quicker than a Form 4</span></span>...
but you're right, that's assuming that you <span style="font-weight: bold">qualify for an FFL. (<span style="text-decoration: underline">the only requirement over buying being that you intend to sell for profit</span>)</span>
doesn't change the fact that I find it hilarious that becoming a dealer is quicker than buying one can. </div></div>
Hilarious indeed! Sort of ironic, bass-ackwards, counter intuitive, etc...take your pick!
Sort of like the "efficient government" oxymoron.
On the other hand, I'm suddenly struck with an urge to take advantage of the "slightly used firearm and suppressor" market.
I might not get many customers for my intended profit margin though so I'd imagine my inventory would stay in stock for quite some time.
Not that I'd ever start a biz with no growth potential...one would have sell at least enough to cover the costs of doing business - state and fed taxes and so on...just thinking out loud