You can also get extra scrutiny if you claim to be a business and do not make a taxable profit after obtaining all the licenses. That in itself is not illegal, but if they take notice it can make your life a real pain.
If you create a false business for the purpose of simply having the toys you want carious actions can be interpreted as fraud in various ways (even if it is not.)
A felony that would remove your right to own firearms anyways if convicted.
It could be considered a false statement, for your gain, victimizing the government through your conduct.
So unless you actualy plan to be business that makes a taxed profit, you probably don't want to pretend to be one just to get what you want. That is clearly a hobby.
Further what the business owns is not what you own, so once the business ceases to exist because of expiration/revocation of any license the post '86 firearms (or even pre '86 firearms not registered before '86) not civilian legal can no longer be possessed.
Even civilian legal firearms transfered to yourself if purchased as business expense in a business with little or no recorded profit if you write it off on taxes could get you investigated for fraud.
Creating a fake business you don't really plan to be a business is generaly not a great idea. Getting those licenses pretty much requires you to become a licensed business. If you choose to become a licensed business plan to be a legitimate one, not just a fun toy owner.
Before 1986 you could have filed the proper paperwork and done anything you wanted to, created whatever firearm you wanted, or built from scratch or converted any existing firearm. Since then we have very distinct classes of citizens. There is a little grey area for the suppliers of them, but otherwise you are not one of those permited classes.
