FFL questions


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Telperion
June 22, 2005, 12:18 PM
Can a corporate entity hold an FFL (01 or otherwise)? If so, does anything happen with the license when the owner sells the business?

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Telperion
June 23, 2005, 12:45 PM
Anyone? Bueller?

Lemon328i
June 23, 2005, 12:54 PM
No, there has to be a single person who is the FFL holder of record. After all how do you check the background or submit fingerprints for a corporate entity?

When a firearms related business is sold, the new owner would need to apply for an FFL. I believe the old records need to be sent to ATF.

gezzer
June 23, 2005, 09:40 PM
A corporation may hold an ffl. All responsible party's ie individuals must send in photo's and print's. every time a new responsible party occors the same pic's and prints of them must be submited . Also any party holding 20% or more of the corp must do the same. When the corp is sold ie the shares are sold does not mean the resposible party's change just the share holder part so there is no need to send in the records as the Corp did not go out of bussiness.

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