How to Save Money by Purchasing Firearms Wholesale
Anyone who has ever purchased a firearm is aware of the transfer fees charged by most dealers. These fees cover the dealers cost of accepting a firearm, conducting a background check and selling the firearm to the customer. Most dealers charge a standard fee that can range from $15.00 to $50.00, some charge substantially more depending on the weapon purchased. If you purchase just a few firearms a year you can avoid paying transfer fees by obtaining your federal firearms license and purchasing the weapons through a wholesale distributor.
The Gun Control Act (18 U.S.C. sec. 923(d)) gives the Bureau of Alcohol, Tobacco and Firearms the ability to oversee businesses that deal in the sale of firearms and services related to firearms. It is important that you understand the rules and regulations covered under the Gun Control Act; violation is a Federal Offense and may result in revocation of your right to bear arms. There are many rules and regulations that you will need to know in order to obtain a federal firearms license.
Obtaining a federal firearms license is not a difficult process. Applicants simply need to meet the established criteria and be approved by the ATF. That criterion is: 21 years of age or older, must not have been prohibited from shipping, transporting, receiving or possessing firearms or ammunition, not knowingly violated the Gun Control Act or its rules, and not knowingly failed to disclose information or made false statements concerning facts on the application. Additionally, you must have a place (in some cases this can be your home) for conducting business or collecting, in the case of Curio and Replica licenses. The applicant must also certify, by way of a notarized statement, that:
1. The business to be conducted under the federal firearms license is not prohibited by State or local law where the business is located. 2. Within 30 days of approval, the business will comply with the requirements of State and local law with regard to conduct of the business.
3. Business will not be conducted under the federal firearms license until the provisions of State and local law have been met.
4. The federal firearms license applicant must also send or deliver a letter to the chief law enforcement officer where the business is located notifying the officer of the intent to apply for a federal firearms license.
5. Secure gun storage or safety devices will be available at any place where firearms are sold or maintained in the presence of persons who are not licensees ("secure gun storage or safety" defined in 18 U.S.C. 921 (a) (34).
The notion that you cannot sell out of your home is a common myth that pervades the firearm enthusiast community. Although some city and state codes and ordinances prohibit home based businesses, many locales will allow you to sell from your residence.
Simply submitting an application is not a guarantee of acceptance or approval. I you are a first time applicant, pay attention to detail while in preparing the application and ensure that you comply with all requirements. Failure to do so will result in delay or even denial. A simple mistake will cause your application to be returned for correction and significantly slow down the process.
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