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mcgill
10-07-2010, 8:59 PM
How does FFL 01 buy in-state from another FFL 01?

The purchase is a long gun to be added to the buyer’s inventory (to later be offered for sale to customers).

The buyer FFL 01 has a COE and HGSC.

How does this differ from buying a long gun from an out of state FFL?

Is a 4473 required?
Is DROS required?
Is 10-day wait required?
Does anything differ if the purchase is a handgun?
Does 1 in 30 apply?

dachan
10-07-2010, 9:31 PM
How does FFL 01 buy in-state from another FFL 01?

The purchase is a long gun to be added to the buyer’s inventory (to later be offered for sale to customers).

The buyer FFL 01 has a COE and HGSC.

How does this differ from buying a long gun from an out of state FFL?

Is a 4473 required?
Is DROS required?
Is 10-day wait required?
Does anything differ if the purchase is a handgun?
Does 1 in 30 apply?


Assuming the buyer is on the Centralized List, he is exempt from the DROS, 10-day wait, 1/30, 4473, sales tax and the firearm can be shipped directly to him. Just transfer bound book to bound book. The seller must provide a CFLC authorization. If the buyer is not on the Centralized List, he won't be keeping his 01 FFL for long.

halifax
10-07-2010, 9:37 PM
Assuming the buyer is on the Centralized List, he is exempt from the DROS, 10-day wait, 1/30, 4473, sales tax and the firearm can be shipped directly to him. Just transfer bound book to bound book. The seller must provide a CFLC authorization. If the buyer is not on the Centralized List, he won't be keeping his 01 FFL for long.

Plus if the 01FFL does not have a CFD, the CFLC won't happen.

mcgill
10-08-2010, 4:17 PM
Ok. Thanks for the info.

Now how about this slightly different situation:
The buyer (FFL 01 with COE & CFD & HGSC), for whatever reason, wants to buy from another Cali FFL 01 for personal collection.

4473, DROS, and sales-tax are required

What about 10-day wait and 1/30?

dachan
10-08-2010, 9:43 PM
Ok. Thanks for the info.

Now how about this slightly different situation:
The buyer (FFL 01 with COE & CFD & HGSC), for whatever reason, wants to buy from another Cali FFL 01 for personal collection.

4473, DROS, and sales-tax are required

What about 10-day wait and 1/30?


In that scenario (the buyer (FFL 01 with COE & CFD & HGSC) walks into another CA dealer and buys a firearm without mentioning he's a dealer), the transfer would be as if he was just another individual and all the rules would apply.

If the buyer (FFL 01 with COE & CFD & HGSC) was smart, he would first transfer the firearm to his bound book as a dealer to dealer transfer, then transfer it immediately to his private collection. 4473, DROS, 10day wait and 1/30 won't apply. He just needs to submit the Op Law form to the DOJ in the case of a handgun, no paperwork needed for a long gun. And of course, he would have to pay the Bd of Equal in either case (private use of inventory).

As a side point, the Roster still applies, a CA dealer cannot just transfer off-Roster handguns to himself. But a dealer is allowed to "test fire" any firearm in his inventory, so by keeping off-Roster handguns in his inventory, he has access to them for "personal use".

As a further side point, a licensed AW dealer can likewise "test fire" any AW in his inventory. So he could keep a few AW's in his inventory for "personal use". However, since the annual cost of the AW license is based upon the number of AW's in inventory, you're sort of financially limited in this game.

Still, being a licensed dealer does have quite a few advantages if you're a firearms enthusiast. Being an enthusiast is probably the most common reason someone becomes a dealer; unfortunately, for many, the business becomes more important and that's when the dealership is no longer a good place to do business.

mcgill
10-09-2010, 10:07 AM
Again, thanks for the further explanation and details.