FFL123 FFL Blog

14Aug

FFL A&D Book – ATF Requirements

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FFL A&D Book – ATF Requirements

The Acquisitions and Dispositions book, otherwise known as the A&D book, is one of the most important record keeping tools for FFL license holders. It is the book where every single firearm acquisition by the FFL holder is recorded as well as the disposition of every firearm. Information that the book must include is:

  • the manufacturer or importer,
  • model,
  • serial number,
  • type of firearm,
  • caliber or gauge,
  • date received,
  • name and address or name and FFL of the person or company from whom you received the firearm,
  • date of disposition,
  • name of person or company to whom it went,
  • address or FFL of the …

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31Jul

FFL License – School Zone

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FFL License – School Zone

The Gun Free School Zone was created as a measure to help keep children in America safe. It’s a law which forbids the possession of firearms within 1000 feet of school grounds (public, private, or parochial), except under certain circumstances. Fortunately, one of those circumstances allows those who live within the 1000 foot radius to still obtain their FFL license.

When the Gun Free School Zone law was originally put into place, it included everyone in that perimeter. The ATF soon discovered that encompassed many people who were already FFL holders and/or gun owners and realized their …

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31Jul

FFL Dealer Guidelines for Gunshows

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FFL Dealer Guidelines for Gunshows

FFL dealers can conduct business at a gunshow in their same state where licensed, ATF treats this as an extension of their ffl licensed location.

Under the Gun Control Act (GCA) of 1968, FFL dealers were prohibited from conducting business at gun shows. However, that changed with the Firearms Owners Protection Act of 1986. Under those provisions, FFL holders became enabled to conduct business, provided they follow all of the rules laid out in the GCA and other federal regulations.

The rules are simple but important to know. They are as follows:

For FFL holders licensed in the State …

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31Jul

FFL License – Scanned or Emailed Copies

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FFL License – Scanned or Emailed Copies

Once your FFL license arrives in the mail, it’s almost certain you’ll want to begin using it right away. There’s a step or two you’ll need to take to get things set in motion.

ATF regulations state that when one licensee is disposing of a firearm to another licensee, the transferor must first verify that the transferee does in fact have a valid FFL license prior to the delivery of the firearm. This requires the transferee to provide a copy of their FFL license to the transferor by whichever means the transferor deems necessary. Under …

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31Jul

FFL Requirements – Flea Markets & Gun Shows

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FFL Requirements – Flea Markets & Gun Shows

It’s important to know where, when, and how you can sell firearms once you’ve obtained your FFL license. As you likely know, the ATF considers gun shows to be an extension of your licensed premises. You can makes sales and conduct transfers in the same way that you would at your licensed location (home, shop, etc.) as long as the gunshow is in the same state where you are licensed. However, the ATF makes a distinction between a gunshow and a flea market.

According to the Gun Control …

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31Jul

FFL Dealer – Personal Gun Purchase

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FFL License Personal Use

One of the biggest perks of having your own FFL License is being able to order firearms for personal use at much reduced prices. However, once you become a FFL dealer, it’s important that you keep track of your personal collection in the proper fashion.

Starting with before you actually get your FFL license, go through your collection and decide if there is anything you’d like to sell. You’ll need to enter anything you might want to sell into your Acquisitions & Dispositions (A&D) book once you get one. Obviously, …

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31Jul

FFL Sales – Contiguous States Sales

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FFL Sales – Contiguous States Sales

Once you obtain your FFL License and have the ability to sell guns, it’s important to know who you can actually sell guns to. The obvious rules are pretty easy to follow. Don’t sell any gun to someone if you know it to be a straw purchase. (For more information on that subject, see our blog on Straw Purchases). Also, don’t sell a long gun to a person under 18 years of age or a handgun to a person under 21 years of age.

A law that some, but not all, …

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31Jul

FFL License With Multiple Names

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FFL License Setup

Setting up your FFL is a decision that requires a little bit of thought. Some decide to get their federal firearms license strictly as an individual while others choose to set up a LLC or other more formal corporate structure. You also have the option to add a trade name (like Bob’s Guns, etc.), or as a legal entity- several trade names, to your FFL license.Don’t let the vast amount of options confuse or overwhelm you; you can always choose to stick with the simple path. However, if you’re entering into your FFL license with big plans in …

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31Jul

FFL Number – What Does It Mean?

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FFL Number – What Does It Mean?

After you’ve gone through all of the steps to obtain your FFL License, you will be given your FFL number. This is a 15-digit number consisting of fourteen numbers and one letter. It is set up as #-##-###-##-#X-#####. Although it may appear as such, these numbers are not random. Each set has a meaning behind it. Here you’ll see the breakdown of what your FFL number means.

The very first number in your FFL license is in reference to what region of the country you’re located in. The US is broken into seven regions.

1- Southeast

3- …

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31Jul

FFL Dealers Per State by Population

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FFL Dealers Per State by Population

How many FFL dealers are in your area? It may be easy to name all, or at least most, of the gun stores in your area. However, you may not know about all of the home-based dealers in your city. FFL123.com has compiled data to create a list of FFL dealers per capita in all of the states! Is your per capita rate high? Great! It means demand is likely high in your area and you can tap into it! Is per capita low? Then get your FFL, and you will be able to provide …

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