FFL Transfer to Personal Collection Question

[sdgunbuyer]

Hello, I am a relative new dealer, had a license for little over a year.

I have a question on how to transfer handguns and long guns to my personal collection and my business partner. We are a "general partnership" if it matters but we both want to transfer long guns and handguns from our inventory to our personal collection. My questions are;

1. Do we each need to do a DROS for the guns to ourselves?
2. Do we each need to do a 4473 for each gun to ourselves?

In the past I was told by an ATF agent that I could simply transfer out a longgun to myself on the books with no 4473 and no DROS. I was told by another dealer to do a DROS for a handgun to myself however.

FYI I have never had to do a 4473 because my business is wholesale only and I don't transfer to retail buyers all my firearms go to other dealers. The only DROS I have ever done is for myself and my business partner who is on the license.

I would appreciate the help, I don't want to make mistakes.

Chris

[kemasa]

If you are a sole proprietor, then you can log out the firearm in your bound book to your personal collection without a 4473, but you need to submit a DROS for all firearms now.

If you are a LLC, Corp., etc., then you are treated like any customer.

Is your name listed on the FFL? If so, you are the licensee, otherwise it is the business.

In the past, no DROS was required for a long gun, but that changed in 2014.