Suppressors NFA process questions

[Smokin]

Ive been trying the search button without success, but I remember seeting a "how to" thread about the "process" for getting a suppressor. What im looking for specifically is pro's/cons on a trust vs corporation. Any states where its better to incorporate and the associated details with the transaction. Any help would be appreciated. Thanks

 

[BOLTRIPPER]

Re: NFA process questions

simple

buy the suppressor....the dealer can hold you hand thought the transaction

 

[Bacarrat]

Re: NFA process questions

Smokin, if you want, I can give you the name of my lawyer, who is also a FFL/SOT and Title 2 manufacturer, help you if you need to form a trust or a LLC to get a Class III items. And you probably already know, Harris county does not sign off, but FT Bend does if you live in that area. I have my stuff on a trust.

 

[Smokin]

Re: NFA process questions

Bacarrat, PM incoming

 

[hatidua]

Re: NFA process questions

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: BOLTRIPPER</div><div class="ubbcode-body">simple

buy the suppressor....the dealer can hold you hand thought the transaction </div></div>

Exactly!

Bought another toy yesterday and a good dealer will have your paperwork in order in about 3-4 minutes. I had my photos and fingerprints done this morning and now I just <span style="color: #CC0000">im</span>patiently wait....

 

[fastford]

Re: NFA process questions

trust is the easiest way!!

will maker is your friend!

 

[Elxx]

Re: NFA process questions

Bumping this thread for clarification. What exactly is a trust?

 

[Hink]

Re: NFA process questions

A trust is a legal entity that has no physical body. In simple terms, a trust is a person, but without the person. The person who sets up the trust will have to determine the executor and beneficiary of the trust as well as a few other individuals who would collectively decide what to do with the trust assets in the event the executor is deceased.

For Class III purposes, the trust obtains a class III item without the fingerprint, photograph, and CLEO signoff that's required with a individual transfer. The trust then 'owns' the item, and the executor of the trust is able to move the trust assets around.

The trust can be helpful in areas where the CLEO is unable or unwilling, for whatever reason, to sign off on a individual's class III paperwork.

 

[Ranb]

Re: NFA process questions

I just got an ATF form 1 approved on my revocable living trust. Very nice.

I also created a shared revocable living trust with my brother with both of us as trustees. I made the silencer for him and since it is on the schedule A as shared property, we can both use it even though we live in different states.

I only found one lawyer who was willing to create a trust for NFA weapons and he wanted $600 for what I was able to do in less than an hour.

Ranb

 

[shoepop]

Re: NFA process questions

Another option is a partnership. A two page partnership agreement will cost you $3 @ Office Max. I would assume you could also google one up. Fill in the blanks, sign it and your GTG. The legitimate purpose for the partnership could be 'firearms and related investments'. Your partner can be anyone, wife, son, daughter, mother, father etc. As with corps, trust's etc. no LEO sign off, fingerprints, photo on all NFA.

 

[Smokin]

Re: NFA process questions

I like the trust route since it creates its own legal entity which mitigates some potential liabilities. For the Trust Route any specifics? Revocable, Irrevocable? Does it matter how I appear on the trust or do I just need to be the trustee? What else needs to be designated? I was going to hire an attorney for this, but from what everyone says, its relatively straightforward.

 

[fastford]

Re: NFA process questions

revocable living trust

 

[Brians708]

Re: NFA process questions

+1, in Tx it seems the best way these days.

 

[Hink]

Re: NFA process questions

Smokin'

A trust is straightforward and quite easy. Call David at 214.394.3529. He did my trust and several others. I'm quite sure he'll work with you on yours.

By the way, he also build cans.

www.sharksuppressors.com

 

[TXMud]

Re: NFA process questions

How much does it cost to setup up a trust if you do it yourself and exactly what paper work has to be done? Ive also heard from people here in Austin that they wont sign off on your paperwork if you live in an apartment. Is there any truth to this?

 

[hatidua]

Re: NFA process questions

From everything you read on online gun forums, TX is supposed to be the most gun-friendly place on planet earth. How is it that the sheriff of the most liberal county in CO will happily sign off on these toys but TX is so tough?!

 

[bdubb]

Re: NFA process questions

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: TXMud</div><div class="ubbcode-body">Ive also heard from people here in Austin that they wont sign off on your paperwork if you live in an apartment. Is there any truth to this? </div></div>


I'm a bit curious about this as well.

 

[Red_SC]

Re: NFA process questions

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: hatidua</div><div class="ubbcode-body">From everything you read on online gun forums, TX is supposed to be the most gun-friendly place on planet earth. How is it that the sheriff of the most liberal county in CO will happily sign off on these toys but TX is so tough?! </div></div>

You can't even hunt game animals with a suppressor in Texas- which is one of the most valid uses for a can IMHO. Personally, I think that if politicians going to make so many restrictions on firearm mufflers, they should make the exact same restrictions on car mufflers. They do the exact same thing.

 

[TXMud]

Re: NFA process questions

edd read it wrong

 

[schwazche]

Re: NFA process questions

Where I live here in Oklahoma, the CLEO won't sign so the Trust is the only way to go. I've two stamps and haven't waited more that 65 days from submission to receipt. Haven't purchased anything since the our new administration took office, though I <span style="font-weight: bold"><span style="font-style: italic">hope</span></span> there hasn't been much <span style="font-weight: bold"><span style="font-style: italic">change</span></span>.

 

[shoepop]

Re: NFA process questions

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Schwazche</div><div class="ubbcode-body"> I've two stamps and haven't waited more that 65 days from submission to receipt. Haven't purchased anything since the our new administration took office, though I <span style="font-weight: bold"><span style="font-style: italic">hope</span></span> there hasn't been much <span style="font-weight: bold"><span style="font-style: italic">change</span></span>.

</div></div>

Approval time is as bad as I have seen it in 15 years. It was OK back then, very good a year ago now VEEEERY bad. Just had a form 4 and a form 1 both turn around 5+ months on a trust so no wait for FBI finger print check. My examiner is Sandy Snook, timely is not in her vocabulary.

 

[schwazche]

Re: NFA process questions

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Mark S</div><div class="ubbcode-body"> Approval time is as bad as I have seen it in 15 years. It was OK back then, very good a year ago now VEEEERY bad. Just had a form 4 and a form 1 both turn around 5+ months on a trust so no wait for FBI finger print check. My examiner is Sandy Snook, timely is not in her vocabulary. </div></div>

I was afraid that this would happen. Funny, I need to look at my stamps, but Snook sounds familiar...

 

[operator45]

Re: NFA process questions

If you want time to stand still, submit NFA paperwork.

 

[DustyJacket]

Re: NFA process questions

Sandra Snook did one for me this year: 6 weeks and 2 days from Panding to Approved.

Jason Frushour just approved one for me: 11 weeks and 1 business day from Pending to Approved.

Sandra isn't the slowest of the bunch, it seems.