Discussion in 'On Topic' started by THT, Sep 4, 2009.
Legally, that is. What ATF hoops have to be cleared?
You have to have an FFL with an SOT.
Then to purchase you need an LEO demo letter. After that, all the paperwork is the same as usual for dealers.
Anything needed to maintain the SOT other than paying the annual fee?
Just whatever the standard rules of having an FFL are.
And a demo letter isnt something that comes from a traffic jockey cop buddy. Has to come from the chief/sheriff/DA/HNIC with preferably his signature.
My dealer said you have to blow/prostate massage the investigator, but it sounded like he was half-kidding.
Maybe you can get away with a handjob?
aren't SOT's $2500 a year?
$500 a year if if gross revenue doesn't exceed $500k. $1k if gross revenue exceeds $500k.
I think you have to have a true storefront too. back when my old man had his FFL for years, he ended up giving it up when they 1) raised the yearly fee significantly, and B) started mandating (and checking) to make sure you had a storefront or were actually making a lot of sales
Well eventually I will have a store...just wondering what needs to be satisfied to buy post-86 samples and be a dealer
SOTs are different for some reason. There are quite a few around here that operate out of their homes. One guy I know just got his last month and he's operating out of a friends house because he lives in an apartment. The tax year starts in July, I believe, so you can pay your $500 in December, for example, and it will be good until July.
this site nicely explains the differences between the FFL's and SOT's
I don't think you need an LEO demo letter if you're a class 2 SOT. (I think)
ahh. that's a lot different than the FFL price too. He was (granted this was ~8 years ago when he stopped) paying ~$500/year. When it went up to whatever it is now ($2500/annually?), it wasn't worth it to have just to buy for personal use.
So if you're a class 3 SOT, who do you sell machine guns to other than law enforcement?
your favorite OT members, under the table
Don't forget it's not just for machineguns, you can sell suppressors and SBRs to civilians. As for machineguns, if you manufacture your own, you can sell them to other SOTs.
You probably know what that looks like quite well.
An SOT can also sell MG's to the Military, but realistically, they probably won't buy from you unless you can meet their quantity demands.
Haven't forgotten about them but the machine guns are trickier aince I can't exactly sell them to the general public.
Yeah, they probably wont make up the majority of your sales, but think of all the fun you'll have
Consider building a few as a business expense to let your customers play with to get them hooked.
So a class 3 SOT could buy a full-auto G36 and sell it to another C3 SOT?
My concern with the machine guns is the ATF saying,"machine gun sales only make up X% of your business so you're not 'dealing' in them" and taking them away
Yes, it will go on a Form 3. There is no tax for transfers between SOTs.
And if it's that easy, why aren't people sending $750 to the ATF in droves and snatching up post-86 MGs?
Because machine guns are still expensive