RyanT26
WKR
- Joined
- Apr 8, 2020
- Messages
- 1,329
Is anybody on here a home-based FFL. Been contemplating going that route and have some questions.
^^^ that can't be totally the case as my main FFL that I use is just word of mouth out of his house.
My brother and a guy I work with both do it from home.
I will say this. There is a metric shit ton of bad FFL info on the interwebz. This thread proves that. If you are thinking of getting license feel free to PM me. I was a FFL and SOT dealer for quite a while. I eventually gave it up as I where I live now is somewhat isolated and did not want people just driving up to my home (they will). If you are going to run it out of your home, these are a few things to consider. Consider your zoning, meaning if you are close to a school or other type place the feds can deny a home based license. Make sure your home insurance is ok with what you are doing. Consider forming a LLC or other legal structure to protect your personal assets (most important move). Consider your neighbors thoughts on your business. Consider security as your home address will be all over the internet. Some sites will work with you on that but the FFL is public, hence so is your address. Consider having a dedicated area in your home for the business. Do not mix business and personal collection as business guns will need to logged in and out. I kept two safes in different areas of house. When it came time for an audit, they would only audit the guns in the one room of my house. I always had them call me to schedule audits. They were always nice and polite, never an issue. Other internet BS is quotas on gun sales. There is no quota. Last is be anal on paperwork and following background check procedures. Overall you will find that there is not a huge markup on new guns. Used guns is where you can actually make a few bucks.
Sorry for the long winded post.....
Thanks . You gave me a few more things to think about.I will say this. There is a metric shit ton of bad FFL info on the interwebz. This thread proves that. If you are thinking of getting license feel free to PM me. I was a FFL and SOT dealer for quite a while. I eventually gave it up as I where I live now is somewhat isolated and did not want people just driving up to my home (they will). If you are going to run it out of your home, these are a few things to consider. Consider your zoning, meaning if you are close to a school or other type place the feds can deny a home based license. Make sure your home insurance is ok with what you are doing. Consider forming a LLC or other legal structure to protect your personal assets (most important move). Consider your neighbors thoughts on your business. Consider security as your home address will be all over the internet. Some sites will work with you on that but the FFL is public, hence so is your address. Consider having a dedicated area in your home for the business. Do not mix business and personal collection as business guns will need to logged in and out. I kept two safes in different areas of house. When it came time for an audit, they would only audit the guns in the one room of my house. I always had them call me to schedule audits. They were always nice and polite, never an issue. Other internet BS is quotas on gun sales. There is no quota. Last is be anal on paperwork and following background check procedures. Overall you will find that there is not a huge markup on new guns. Used guns is where you can actually make a few bucks.
Sorry for the long winded post.....
It was the Clinton administration that changed the FFL rules and got rid of like 2/3 of the FFL's (hobby dealers). Nobody is grandfathered you either follow the rules or you don't have an FFL. You can look up what is required on the Batfe web site. You do need something from your local government that says running a business from your location is ok (zoning wise).A home based shop is not a problem. My friend is going through the licensing now. He’s going to be working from a 12x24 shed he’s fixed up. There’s a few requirements like a safe to store firearms in. Not sure about the rest but so far it hasn’t been too much of a hassle. He contacted the ATF and got the requirements. I do remember back in the Obama years they were trying to get rid of the home based FFL’s. Elections matter...
Spot onI will say this. There is a metric shit ton of bad FFL info on the interwebz. This thread proves that. If you are thinking of getting license feel free to PM me. I was a FFL and SOT dealer for quite a while. I eventually gave it up as I where I live now is somewhat isolated and did not want people just driving up to my home (they will). If you are going to run it out of your home, these are a few things to consider. Consider your zoning, meaning if you are close to a school or other type place the feds can deny a home based license. Make sure your home insurance is ok with what you are doing. Consider forming a LLC or other legal structure to protect your personal assets (most important move). Consider your neighbors thoughts on your business. Consider security as your home address will be all over the internet. Some sites will work with you on that but the FFL is public, hence so is your address. Consider having a dedicated area in your home for the business. Do not mix business and personal collection as business guns will need to logged in and out. I kept two safes in different areas of house. When it came time for an audit, they would only audit the guns in the one room of my house. I always had them call me to schedule audits. They were always nice and polite, never an issue. Other internet BS is quotas on gun sales. There is no quota. Last is be anal on paperwork and following background check procedures. Overall you will find that there is not a huge markup on new guns. Used guns is where you can actually make a few bucks.
Sorry for the long winded post.....