GLP Standard
New member
I know first off that you have to have an FFL to get your Class III License, so lets start there. Whats involved first off in getting an FFL? What kind of yearly fees are there? How much income could I expect to make if I did transfers of Title 1 firearms out of my house on the side, averaging say....2 weapons a month just to start?
Then, whats involved in getting a Class III? I know it costs $500 a year, and you have to have a place of business for a legal address to put on your License. Does this mean I couldn't work out of my house? If you're a Class III Dealer, don't you get to have Post-ban machineguns as dealer demo's and such? In other words, if I had a Class III, could I legally own a machinegun made after 1986, perhaps for a much lower price than Pre-ban machineguns go for? What would I expect to pay for say, a Post-ban MP5 if I had a Class III and could legally own one? If Im giving any misinformation, this is all stuff Ive read on the internet, and Im fairly new to Title 2 firearms, so bear with me.
-Chris
Then, whats involved in getting a Class III? I know it costs $500 a year, and you have to have a place of business for a legal address to put on your License. Does this mean I couldn't work out of my house? If you're a Class III Dealer, don't you get to have Post-ban machineguns as dealer demo's and such? In other words, if I had a Class III, could I legally own a machinegun made after 1986, perhaps for a much lower price than Pre-ban machineguns go for? What would I expect to pay for say, a Post-ban MP5 if I had a Class III and could legally own one? If Im giving any misinformation, this is all stuff Ive read on the internet, and Im fairly new to Title 2 firearms, so bear with me.
-Chris