How to Become a Firearms Manufacturer
Many people are interested in how to become a firearms manufacturer. Some people desire to have their own business that is devoted solely to the manufacturing of guns and ammunition. Although the United States has an arsenal gun law, you still may be restricted from distributing your product to consumers within the State if you are not licensed or registered. It is best to seek the assistance of a lawyer to discuss your options with the local authorities.
One way that many people decide to become a firearm manufacturer is by forming a corporation. This will give the company a distinct legal standing and allow for exclusive rights to manufacture firearms. Once licensed as a manufacturer you can begin production on your new firearm project. There are additional requirements that must be met before you can begin exporting your product.
Forming a corporation is one of the easiest ways to start your own company. A qualified attorney must be involved in the process. The specific documentation that must be submitted with your application must be carefully documented. A firearms manufacturer is allowed one year to create an inventory after filing the appropriate paperwork. This timeframe is known as the constructive receipt. If no new inventory can be created within the year then the firearms manufacturer must begin selling their product to retailers within that time frame.
Forming a partnership with a major manufacturer will also allow for exclusive rights to manufacture firearms for that company. Gun manufacturers do not need a license to sell their products to retailers. However, some states do require an application. If you are interested in how to become a firearms manufacturer and partner with a manufacturer then it would be in your best interest to contact your state’s department of revenue. They will provide assistance with forms, reports, and licensing information.
If you plan to run your manufacturing facility from your home you must register the manufacturing business as a sole proprietorship. This is required by all states, before you can receive a manufacturer’s license. After receiving your license you can then submit your application to the NFA office for your home state. You may have to pay a tax on the purchase of firearms in your home state, but you will also have to pay a tax on any ammunition purchases that you make outside of your home state.
One way how to become a firearms manufacturer is through the Federal Bureau of Alcohol, Tobacco, and Firearms. This can be found on the IRS website. The F ATF will conduct background checks on both the manufacturer and distributor of the product. After checking out the manufacturer and the distributor they will determine if there is any cause for concern. If there is the manufacturer is not given a license then the distributor cannot sell firearms into the United States.