With the mag ban and the universal background checks passing, would this interest anyone.
Those who wish to be a part would pay one dollar to be a part owner of a limited liability corporation (LLC). The contract would state that the LLC now owns the firearms and firearm accessories, but the part owner would keep those he has in possession. If I wanted to trade a firearm with another owner, I could do so, as we all collectively own the firearms. If I wanted to trade the magazines, I could do so, as we all collectively own the firearms. If our children or grandchildren wanted to be a part owner, they could do so, with the contribution of a dollar. The dollar would go to maintaining the LLC, which, if I understand them correctly, has a fee for each year. There would also need to be a yearly meeting of the owners, a type of "board meeting."
The best part about an LLC is that while the owners are in Colorado, the LLC could be HQ-ed in the Cayman islands, or South Korea, or another country. Consequently, that is where the list of owners are located as well. There would be no firearm or accessory registration either, simply the contract stating that your firearms are now owned by the LLC, and that you are a part-owner and possessor of property.
Any thoughts on this idea?
Those who wish to be a part would pay one dollar to be a part owner of a limited liability corporation (LLC). The contract would state that the LLC now owns the firearms and firearm accessories, but the part owner would keep those he has in possession. If I wanted to trade a firearm with another owner, I could do so, as we all collectively own the firearms. If I wanted to trade the magazines, I could do so, as we all collectively own the firearms. If our children or grandchildren wanted to be a part owner, they could do so, with the contribution of a dollar. The dollar would go to maintaining the LLC, which, if I understand them correctly, has a fee for each year. There would also need to be a yearly meeting of the owners, a type of "board meeting."
The best part about an LLC is that while the owners are in Colorado, the LLC could be HQ-ed in the Cayman islands, or South Korea, or another country. Consequently, that is where the list of owners are located as well. There would be no firearm or accessory registration either, simply the contract stating that your firearms are now owned by the LLC, and that you are a part-owner and possessor of property.
Any thoughts on this idea?