I apologize if this has been covered 4 million times but having a hard time finding a current one on this topic.
I live on the border of 2 states and I go to quite a few auctions in the other state that I live in and I stay away from so many of the lower priced items because the cost of the transfer is such a large percentage of the value of the gun. I also see a lot of modern pistols that I don't mess with because the shipping on them is so expensive.
I would like to be able to but the guns that I'm not currently buying because there is a good amount of profit to be made especially if I could be picking up say 5 $100 shotguns without having to pay $100-125 in fees alone.
I might go to 5 auctions in a week sometimes but can also go months without going to ones with guns.
Do I have to have a registered business? I would be doing this out of my house but I don't really want to be doing transfers at my house. My business is selling online from what I'm buying local.
Thoughts? Ideas?
I've looked at the application but it's so vague that it's hard to determine as I don't want to get caught up in red tape.
I want to make money but I'm also not going to be a brick & mortar store.
I live on the border of 2 states and I go to quite a few auctions in the other state that I live in and I stay away from so many of the lower priced items because the cost of the transfer is such a large percentage of the value of the gun. I also see a lot of modern pistols that I don't mess with because the shipping on them is so expensive.
I would like to be able to but the guns that I'm not currently buying because there is a good amount of profit to be made especially if I could be picking up say 5 $100 shotguns without having to pay $100-125 in fees alone.
I might go to 5 auctions in a week sometimes but can also go months without going to ones with guns.
Do I have to have a registered business? I would be doing this out of my house but I don't really want to be doing transfers at my house. My business is selling online from what I'm buying local.
Thoughts? Ideas?
I've looked at the application but it's so vague that it's hard to determine as I don't want to get caught up in red tape.
I want to make money but I'm also not going to be a brick & mortar store.