Re: Creation of a Short Barrel Shotgun
Posted: Wed, 22 Sep 2010 01:07:12
My advice is always this: if it is at all possible, go with individual ownership. There are far fewer potential pitfalls with individual ownership than ownership via a legal entity. Entities are more fragile vehicles that require attention over time, and in the case of trusts, are not well established (no grantors have died and reported to the internet how their asset distributions went. This is another way of saying no one, including ATF, is really sure what happens when grantors die.).
If your situation makes individual ownership impossible, that's one thing. I'm in that boat. But if your local sheriff or CA will sign, then absolutely that's the best way to do it. One can look at this way: individual ownership has all the hassle front-loaded. Going with alternate methods means you're maintaining the vehicle for as long as you own the guns, or realistically, as long as you're alive.
As for moving, that depends on whether you're staying in state or moving out of state. In-state moves require no action on your part (if you have a machinegun you must notify the state police). If you're leaving the state most NFA weapons will require authorization to move.
If your situation makes individual ownership impossible, that's one thing. I'm in that boat. But if your local sheriff or CA will sign, then absolutely that's the best way to do it. One can look at this way: individual ownership has all the hassle front-loaded. Going with alternate methods means you're maintaining the vehicle for as long as you own the guns, or realistically, as long as you're alive.
As for moving, that depends on whether you're staying in state or moving out of state. In-state moves require no action on your part (if you have a machinegun you must notify the state police). If you're leaving the state most NFA weapons will require authorization to move.