Suppressor ?

The $200 tax stamp is mandated by NFA 1934, so that's not an option if you want a suppressor.

I would venture to say that the vast majority of folks (myself included) opt to purchase by means of a Trust--as opposed to individually. It's simpler, easier, and less paperwork (at least for now). But all that's about to change.
 
You can also use a LLC, But you have to send in By-laws and articles of incorp with Form 4. You would have to keep the LLC in good standing the entire time.
 
Biggest difference in putting it in your name or a trusts name is...
If you put a suppressor or SBR in your name you cannot let someone use it without them being in your sightthe whole time an the must return it to you. Ok let's say your your wife an child "that is of legal age to possess it in your state" are out shooting with you at the range. You can hand the class 3 firearm "suppressor/ SBR or so on" to your wife to shoot as long as she doesnt leave your sight, but she must hand it back to you an you can then hand it to your child " of legal age" she cannot hand it to anyone but you because it belongs to you.
Firearm Trust...
if you have it in a trust there is the trustee who is able to add or remove firearms as they please
Then the people who are "co-trustees" like your family or anyone you'd like to be in it. This allows the class 3 firearm to not belong to any one person but the trust. An anyone in the trust may possess the class 3 firearm an take it with them an use as they please with out you having to be there. They may allow someone not in the trust to use it but then it falls back into the must not leave your sight part.
Also if something should ever happen to you an your SBR/silencer or what ever firearms are in trust stay in trust not go back to government because the trust will live on.
Hope this clears up a lot of confusion. I've done quite a bit of research over past couple weeks. Pretty sure I got explained right but if for some reason I don't please forgive me an chime in.

The $200 is for the application an ATF fees you have to pay that with every class three firearm you apply for.
 
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Makes sense. Probably the way I understood it over the phone with the shop that I didn't need to pay the 200. I have to go up next week to do paperwork and get him my trust forms. I'll talk more to him face to face. I also didn't realize you had to have a stamp for each item you buy. I though just one to cover but that's ain't so lol. Dang it!
 
I'm kind of new to all this myself, but I'm pretty sure the form 3 covers dealer to dealer transfers. So you buy a suppressor from dealer X who may be in another state and dealer X transfers it to your local dealer, dealer Y. The form 4 then covers the transfer from dealer Y to you.
 
Form 3 is a tax exempt transfer from dealer to dealer, or manufacturer to dealer.
Form 4 is the application for tax payed transfer and registration of firearm (the one you will be paying 200 for)
 
OK, so the Form 3 is what RW71 and my local dealer will do since I purchased a suppressor from him, then when my dealer gets it, I will do the form 4. Thanks

I had a trust made up by a local lawyer.
 
The wait starts the minute you hand over the money.
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Originally Posted By: BrowndiabloBiggest difference in putting it in your name or a trusts name is...
If you put a suppressor or SBR in your name you cannot let someone use it without them being in your sightthe whole time an the must return it to you. Ok let's say your your wife an child "that is of legal age to possess it in your state" are out shooting with you at the range. You can hand the class 3 firearm "suppressor/ SBR or so on" to your wife to shoot as long as she doesnt leave your sight, but she must hand it back to you an you can then hand it to your child " of legal age" she cannot hand it to anyone but you because it belongs to you.
This is a gross exaggeration of what actually happens.

Originally Posted By: BrowndiabloFirearm Trust...
if you have it in a trust there is the trustee who is able to add or remove firearms as they please
Then the people who are "co-trustees" like your family or anyone you'd like to be in it. This allows the class 3 firearm to not belong to any one person but the trust. An anyone in the trust may possess the class 3 firearm an take it with them an use as they please with out you having to be there. They may allow someone not in the trust to use it but then it falls back into the must not leave your sight part.
These are the names of the people that will be in a RLT.
The grantor, also called settlor, is the person who creates the trust.
The trustee is the person in charge of trust assets. In our case, it's usually the same as the grantor.
The beneficiaries are the people who benefits, now or later, from the trust.[/quote]

Originally Posted By: Browndiablo
Also if something should ever happen to you an your SBR/silencer or what ever firearms are in trust stay in trust not go back to government because the trust will live on.
Hope this clears up a lot of confusion. I've done quite a bit of research over past couple weeks. Pretty sure I got explained right but if for some reason I don't please forgive me an chime in.

The $200 is for the application an ATF fees you have to pay that with every class three firearm you apply for.
If something should ever happen to anyone that owns a suppressor...the Gov doesn't just show up and take take back your can. Anyone can always do a Form 5, even if they don't have a RLT.
The $200 isn't a fee, it's a tax.

Other than that...pretty close explanation.
 
I dont have to do the form 3. I'm having the manufacture of my suppresor do my form 4. Think that's how it is. They make the suppresor and sell them. Along with custom built rifles
 
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