FFL (Federal Firearms License) has become a hot topic these days and many are wondering how they can get their favorite firearms before they are prohibited or even go extinct. In order to buy a firearm, you will need an FFL License that is further divided into nine categories. If you want to start your own firearm business you will be asked to choose a category based on what role will you be playing in the market?
The nine categories of FFL License are:
- Firearm Dealer
- Relics Collector
- Pawnbroker
- Manufacturer of Ammunition
- Manufacturer of Firearms
- Importer of Firearms
- Dealer in Devices
- Manufacturer of Destructive Devices
- Importer of Destructive Devices
People who already have their gun rights revoked are not legible to apply for an FFL whereas those with rights to gun use by authorities do not need an FFL to participate in firearm related activities. People who simply sell firearms at shows are also free to sell them without a license as they are not directly involved in the process. On the other hand, those who have a taste for collecting firearms or antique firearms can apply for Relic Collector license.
There is a proper procedure that must be followed to gain any of the above-mentioned rights on your FFL, like filling out a form that confirms that you are a citizen of US followed by an FFL License application form. The fees of license depend on the category that you will be going for. FFL is valid for three years and after that, you will have to renew your license for which you will have to pay as well. You can simply get an FFL License application form online and fill it out before you submit it.
Once you have your license, you are free to contact whole-dealers and start your business or collection of firearms. If you want a good business, it is important that you play by the rules for your own good. The license comes with obligations and terms that must be followed in order to keep things under watch which means that you cannot go against any of them or your license will be revoked.
Once you have your FFL you can also help your friends out by getting them good deals on different firearms. One great thing about having an FFL is also that there will be no background check before your devices are shipped to you. In order to spread your business, you can freely participate in gun shows to show off your collection.
On the other hand, the renewal fee for FFL is $90 for each year and if you are willing to pay the price then the process of keeping your FFL will not be that problematic for you. Besides, running a firearm business is not that easy and eventually you will need to become a permanent part of the market to keep earning profit. With little perks here and some cons there, applying for FFL to run your own business might not seem breezy at first but if you can manage it well by taking the help of one of the few agencies, who deal in these matters.
