Personal Collection Question

[kemasa]

It was my understanding from ATF that sole prop firearms - for example, personal collection - need to be documented differently from commercial sale firearms. This is because sole prop FFL's do not do 4473's and can transfer firearms to themselves amongst other things.

If I'm wrong, someone want to look into it? I'm not a sole prop but I know folks who are and they maintain separate records. My company is an LLC and I still keep a different book for my personally owned firearms just to keep things straight because I do keep my personal firearms on business premises for reference and teaching purposes because ATF had advised me that all firearms on business premises should be accounted for in some way.

I am a sole proprietor and there is no such requirements that I am aware of (I suspect that if I am wrong, I will get a phone call from those who are watching :-). If you keep the firearms together, you are required to mark your personal firearms though. Your bound book will list the firearms which are transferred to you personally.