I'm contemplating applying for a 03 FFL C&R License and have a couple of questions. From my "internet research" thus far, it appears that C&R eligible firearms owned prior to recieving the license do not have to be logged in the bound book, correct? What about C&R eligible firearms acquired while you are a license holder but for which you did not use your C&R license and instead went through an 01 FFL and filed a form 4473 and underwent a background check? What about C&R eligible firearms you inherit while a license holder? What about those acquired through a private sale?