Is that what it's referring to? I had to read it again. It's confusing the way it is written. So in order for you to sell it off paper, you'd have to have it in your personal collection for 1yr. Ok, that makes sense. Skimming over it seemed like the gun had to be in your books for one year before a 4473/NICS was exempted.
The FFL is in my LLC's name and according to the ATF, the LLC can own NFA weapons but not Title I weapons. A 4473 cannot be run on a corporation, only a natural person. NFA law is different.