If you’re interested in becoming a firearms dealer, there are several important things to know. Before you get started, make sure that you have all the necessary paperwork completed. Once you’ve got your FFL, you can start selling guns. You may need some help storing and protecting your inventory. There are some advantages to selling guns online, but they have a few drawbacks. You’ll likely make less money than selling guns at gun shows, so consider selling online instead.
First, be sure you’re a legal resident of the state where you want to sell firearms. You must also have no previous criminal convictions or harassment convictions. You must also be free of any drug or alcohol addiction, mental health problems, or any other disqualification. Once you’re approved, you’ll need to meet the requirements for an ATF firearms dealer license, and get fingerprinted by your local law enforcement agency.
Obtaining a FFL will allow you to sell guns at wholesale prices. Purchasing guns in bulk will help you build relationships with other dealers and manufacturers. You can also consider exporting firearms after a few years of being a wholesale firearms dealer. The legal system regarding exporting firearms is intricate, and violating any of these laws could result in heavy fines. If you’ve already had some experience in the industry, obtaining a Type 03 FFL license will help you get started.
Getting a FFL will also allow you to sell guns in a variety of locations. Gun shows are a popular way to sell firearms. According to a 2007 U.S. Department of Justice report, between 2,000 and 5,200 firearm shows occur in the U.S. annually. While the firearms business is heavily regulated, it offers more freedom than many dealers imagine. You’ll want to become knowledgeable and armed with the right information to make the most money.
FFLs are required for those who manufacture firearms. Manufacturers are required to have a Type 7 FFL. A FFL can sell various types of firearms, including silencers, short-barreled rifles, and machine guns. In addition to FFLs, a FFL can also sell ammunition. Getting a FFL is easy if you’re reloading your own ammunition. Getting a Type 07 license, however, will require you to manufacture and sell firearms for others.
Before opening a store, you need to get a business license in your state. It’s pretty simple, and a corporation will limit your personal liability. Be sure to decide whether you’ll open a store as a company or set up a sole proprietorship. If you’re in New York, you must also obtain a Pistol/Revolver License Application from the state. This process typically takes four months.
A license is not as easy to get as a driver’s license. There are nine types of FFLs, each with their own rules and requirements. You’ll need to decide which type of license you want to obtain and how you intend to use it. Type 01, for instance, is for traditional gun stores. Type 02, on the other hand, is more suited for pawn stores. Pawn stores, on the other hand, are more focused on used firearms.