I have interest in purchasing one or my NFA items in the relative near future. My dilemma is in what fashion to go about doing it. Yes, I've done searches and picked up bits here and there but sifting the wheat from the chaff can be problematic since most threads devolve into something completely off topic within about a half doz. posts.
What I'd like to see is a nice short, concise Pro/Con list of going through a trust, buying through a corporation / LLC, or just rolling without either.
As for me, I live in Ohio, I already have both a C-corporation and an LLC. I hold 85% stock in the corp and I"m sole owner of the LLC. I have a VERY good (read expensive) lawyer that specializes in corporate law, real estate and assets specifically, but I don't know at the moment if he is up on NFA stuff. I'm sure someone in the firm probably is, but here again, nobody at this firm comes in any flavor even remotely resembling reasonable, let alone cheap.
What I don't have at the moment is a trust of any kind, which will probably change in the relative near future regardless of any NFA related issues.
I'm going to start another thread for getting schooled on SBRs, ARs, M16s, etc.
Any takers on this one here?
What I'd like to see is a nice short, concise Pro/Con list of going through a trust, buying through a corporation / LLC, or just rolling without either.
As for me, I live in Ohio, I already have both a C-corporation and an LLC. I hold 85% stock in the corp and I"m sole owner of the LLC. I have a VERY good (read expensive) lawyer that specializes in corporate law, real estate and assets specifically, but I don't know at the moment if he is up on NFA stuff. I'm sure someone in the firm probably is, but here again, nobody at this firm comes in any flavor even remotely resembling reasonable, let alone cheap.
What I don't have at the moment is a trust of any kind, which will probably change in the relative near future regardless of any NFA related issues.
I'm going to start another thread for getting schooled on SBRs, ARs, M16s, etc.
Any takers on this one here?