Class 3


Closing the “NFA Trust Loophole”

Posted by in FFL123 FFL Blog

NFA Trust Loophole – Obama

The document aimed at closing the “NFA trust loophole,” otherwise known as the ATF 41P Proposed Rule Change, is fourteen pages of arguments and data laid out to convince Congress that there needs to be a rule change and why. The ATF is leaving the proposal open for comments, and many in the firearms industry have already voiced their opinions.

One general consensus, with which we agree, is the potential of this proposal to negatively impact the silencer industry financially in a big way. In North Dakota, South Dakota, Nebraska, and Wyoming, where our firearms company Dakota …

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Class 3 License – SOT Dealer

Posted by in FFL123 FFL Blog

Class 3 Dealer – NFA Dealer members ask us pretty frequently what a Class 3 License or SOT means and what they can do with it. First, we’ll go over what the terms mean. SOT stands for Special Occupational Tax or Special Occupation Taxpayer, depending on how you use the term (i.e., I am a SOT versus I have a SOT). Although you hear the term “Class 3 dealer” or sometimes “Class 2 dealer,” those are not official names of any ATF issued licenses. The Class 2 and Class 3 terms are “slang” and not ATF …

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    I operate my FFL business online, at gun shows and operations in several states. I have learned all the tricks of the trade.

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