Sheriff Sign-off for NFA firearms

[MuzzleFlash]

Trusts have beneficiaries and if they are minors when you kick the bucket, have become prohibited, live in a non-NFA state, etc. it can become a mess. LLCs are perpetual beyond your lifetime, and in theory could be passed from your kids to their kids, etc (if this civil right isn't destroyed by then).

Also, you can transfer all the assets of the corp en masse by selling the corp to someone else. This doesn't trigger the $200 per item transfer taxes since the ownership of the NFA items still rests in the corp.

Something to ponder.

[FROGMAN]

Trusts have beneficiaries and if they are minors when you kick the bucket, have become prohibited, live in a non-NFA state, etc. it can become a mess. LLCs are perpetual beyond your lifetime, and in theory could be passed from your kids to their kids, etc (if this civil right isn't destroyed by then).

Also, you can transfer all the assets of the corp en masse by selling the corp to someone else. This doesn't trigger the $200 per item transfer taxes since the ownership of the NFA items still rests in the corp.

Something to ponder.

Thanks MuzzleFlash for that info, I did not know that. I am pretty sure that with the trust, you can name yourself as the beneficiary, aswell as the grantor. So when you expel, I do not know what comes of the trust. Plus with a living trust, there are no annual fees or taxes to pay.

I am probably going to have a lawyer draft the trust, in which case I will probably have all these questions answered. I just dont want to pay 200 to get the item, and another 200 every year just because some sheriff wont sign off.

[KarlPMann]

You don't pay the $200.00 every year no matter what way you get them. Corp., LLC, Trust, individual, etc. Doesn't matter. What you pay annually is the stuff related to having the corp. License or whatever they call it. Karl.

[FROGMAN]

You don't pay the $200.00 every year no matter what way you get them. Corp., LLC, Trust, individual, etc. Doesn't matter. What you pay annually is the stuff related to having the corp. License or whatever they call it. Karl.

Yea, I know it's a one time transfer fee. I had heard that the LLC fees were around $200 a year (which they aren't, more like $25). Thats why I said the "$200 every year" *Just clarifying*

It sounds like I may be able to go with the sign off from the summit county sheriff, but there may be some hurdles since that address doesnt match my drivers license address. I think the trust or LLC is the legitimate option, so both my father and I can have legal access to the suppressor, with or without eachother present.

In fact, we may already have an LLC that we can add to. Would you recommend this or Making a NFA items only LLC?

Thank you

[KarlPMann]

That's a good question for a lwayer. :roll: Karl.