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Thread: 07/02 Questions

  1. #21
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    I imagine it would be hard to build the perfect silencer if you had to wait a year between prototypes!

  2. #22
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    Quote Originally Posted by sniperdoc View Post
    I imagine it would be hard to build the perfect silencer if you had to wait a year between prototypes!
    Henry from SWR already beat you to it !
    Then got gobbled up by silencer Co.

    That goes back to your patent idea.....
    Henry's design was so good a larger company merged him in.

    That's almost unheard of today. Most large companies just steal the idea and tweak it or buy rights.
    His story is one of the modern day honest business stories, with today's corporate greed it almost never happens like it did with him in a positive way.

    Rich

  3. #23
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    As of a few minutes ago, this is a back burner project.
    Uncertain health problems.
    PM if you wanna know more

  4. #24
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    Quote Originally Posted by sniperdoc View Post
    Do you have to have a Dealer's License also if you Manufacture?
    Manufacturer (Type 07FFL) is also a Dealer license. Gotta be able to sell what ya make, right?

  5. #25
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    Quote Originally Posted by slimshady View Post
    Manufacturer (Type 07FFL) is also a Dealer license. Gotta be able to sell what ya make, right?
    That's what I thought

  6. #26
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    Quote Originally Posted by sniperdoc View Post
    That's what I thought
    you can sell with an 07, but you need to keep separate record books for manufacturing, most separate title 1 nad 2 sales into different books.
    I keep 4 books ( manuf, gunsmithing, sales, and NFA stuff ) I find its easier

  7. #27
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    Quote Originally Posted by rentprop1 View Post
    you can sell with an 07, but you need to keep separate record books for manufacturing, most separate title 1 nad 2 sales into different books.
    I keep 4 books ( manuf, gunsmithing, sales, and NFA stuff ) I find its easier
    The format is spelled out in CFR 478.123(a-d). ATF updated this in ruling 2010-8 to allow for other formats. There is no requirement for separate books.
    NFA Firearms: In A World Of Compromise, Some Don't.

  8. #28
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    I'm reminded of an old riddle:

    You know how you get to be a millionaire as an 07/02?



    Start out as a multi-millionaire.

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