How to Become a Firearms Dealer
You can start a business selling firearms by getting a federal firearms license. This is a license that gives you many benefits, including the ability to create revenue in multiple ways. Not only does a license give you access to a wide range of firearms, it also lets you sell them from anywhere you want. If you already have sales experience and a background in firearm record keeping, this license is a huge plus.
Once you’ve decided to open a firearms store, the next step is to obtain a state business license. This process is fairly cut and dry. Once you pay the required fees, the license is yours. You’ll need to decide whether to operate your firearms store as a corporation or a sole proprietorship. Choosing the latter option will limit your personal liability as much as possible. A state license is necessary for the sale of firearms in some states, including New York. The application process is fairly easy, and it will take about four months to complete.
Next, you need to determine which kind of license you need. The requirements for obtaining these licenses will vary from state to state. In some states, you must also check to make sure your zoning allows you to sell firearms. If not, you may want to consider working for a licensed gun store. These businesses require different types of licenses. When you’re looking to sell firearms, be sure to check with the state to see if you can open a wholesale store.
Once you have a federal license, you need to research the regulations and restrictions that regulate firearms. Upon approval, you’ll need to verify compliance with those laws by obtaining toll-free access to the FBI’s Triple I database. Be sure to keep documentary proof of compliance. Once you’ve obtained your FFL, you’re ready to sell firearms and start building a loyal retail clientele.
Once you’ve completed all the paperwork and are sure you’re ready to begin selling guns, you can apply for your FFL. The process is relatively easy and takes less than two hours. You’ll need to pay a fee of around $200. You can also sell parts and accessories for firearms without an FFL. For more information, read the FFL license requirements before applying for your license. FYI, you don’t have to own a business location to sell guns. However, you may run into some local regulations or homeowners associations. You’ll also need to complete several forms. Getting your license may require background checks and hosting ATF agents from local ATF offices.
After applying, the application is sent to the ATF. The ATF reviews the application and performs background checks on all responsible parties. Then, the investigator reviews the information provided and recommends approval or denial. The decision will be based on the federal requirements, as well as local gun laws. Once you’re approved, you’ll still need to meet with an industry operations investigator, who will discuss the details of the application and verify that everything is correct.