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I want to get into class 3 stuff but dont know the first thing to start. What is a trust how can i go about getting one. how much is it?
Best advise if you have NO CLUE what a trust is, is talk to a lawyer.
From noob to FFL/SOT is quite a leap! Lot of us did it though, but gradually. Jack.Call Joe Hickson, http://hicksonlawgroup.com/
You won't need the CLEO to sign off on any of your MG forms when you have one. It's good to have especially when going through a change of CLEO like we just did here. The only thing better is to have a SOT.
Best advise if you have NO CLUE what a trust is, is talk to a lawyer. Basicly it is a legal entity for maintaining assests. Cost is virtually free if you do it yourself, to how ever much a lawyer wants to charge you if they create it for you (and since you don't know what one is that is your best option).
All that said, since you aknowledge not knowing where to start, let me give some advice...#1 you don't need a trust to play with NFA toys, so if you think you need a trust to own NFA you need to do much more research on not only what a trust is (and why some use them for NFA) but also you need to look into the ins and out's of NFA ownership. (most of the common questions have been covered numerous times here, so check out the stickies then scroll down and do some reading)...
Not trying to sound like a dick with the above, but playing in the NFA world is a whole different story than "regular" guns, it really isn't as hard as some make it out to be, just considerably more regulations to understand and alot less "leeway" for mistakes...
A few posts down is a thread "a few simple questions" if you read my reply to that maybe it will help explain the basics... http://www.northeastshooters.com/vbulletin/threads/107281-Some-simple-questions
I am an armor in the military i play with them all the time and know about the forms needed but. But this trust things seems the way to go. I have fired pretty much it all minus the MK19 had a MK18 for 8 years full auto.
So can I use this LLC as a trust to purchase Class 3 stuff, SBRs, supressors, etc.?
Can I use the LLC to buy NFA items instead of setting up a separate trust?