FFL License – Responsible Persons Listed
A big part of deciding to be a FFL holder is also deciding who you’d like to have authority on your license. A responsible person on the FFL license, as defined by the ATF, means someone who has the authority to direct the management and policies of the business entity for which the federal firearms license is being applied. This definition might sound extravagant, but basically a responsible person on the FFL is a person who has power to change the license, solicit and obtain information from the ATF regarding the license, and who can apply for renewal of the license. This person or persons will have the power to treat the FFL license as their own and will also be expected to fulfill the expectations of a FFL license holder. In order to be able to decide who you might wish to be a responsible person listed on your FFL license, you must first decide on the way your FFL license will be set up. Here are a couple of examples: sole proprietor, partnership, and LLC.
If you decide setting up your FFL license as a sole proprietor, you will be the only person in control over your FFL license. You don’t have to have a headache on whom to name as being a responsible person listed on your FFL. In case you wish to have a partnership, it means that each partner is an equally responsible party. In case you choose to set up an LLC, then you’ll have the LLC “managers” listed as responsible persons.
You must declare at least one person acting as responsible person listed, no matter who it is. The ATF makes it its habit returning applications to solicitors if they have nor listed any person as responsible party. The paperwork must be then updated and resubmitted. The point is that there must be a person who will be responsible and who will fill in the A&D book, doing the background checks for potential customers and vendors. This is the case even if you have a LLC who is in fact owning the FFL license.
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