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Posted: 10/27/2023 12:44:10 PM EDT
I believe I need to fill in a disposition for all the remaining firearms on my books before I send in the book.
What is the wording I should use?
I'm a sole proprietor so I will be logging them out to myself.

Thanks.
Link Posted: 10/27/2023 2:44:05 PM EDT
[#1]
Way back in the day I just logged them out to me as disposed to...I also called myself in on 4473
Link Posted: 10/27/2023 4:10:48 PM EDT
[#2]
As a SP, I believe you can just put something like "transferred to personal collection."

Thats what my IOI showed me but said "you can't do that cuz your an LLC"
Link Posted: 10/27/2023 4:47:12 PM EDT
[#3]
Thank you. That's what I needed to know.
Link Posted: 10/27/2023 5:13:53 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By SGT-Fish:
As a SP, I believe you can just put something like "transferred to personal collection."

Thats what my IOI showed me but said "you can't do that cuz your an LLC"
View Quote

correct.  I was a LLC and that was an issue back then
Link Posted: 10/28/2023 1:08:45 PM EDT
[#5]
Originally Posted By akchef:
I believe I need to fill in a disposition for all the remaining firearms on my books before I send in the book.
What is the wording I should use?
I'm a sole proprietor so I will be logging them out to myself.

Thanks.
View Quote


Put your name/address in the fields for disposition, just like any other disposition.
Link Posted: 10/29/2023 9:59:50 AM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By gqllc:

correct.  I was a LLC and that was an issue back then
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View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By gqllc:
Originally Posted By SGT-Fish:
As a SP, I believe you can just put something like "transferred to personal collection."

Thats what my IOI showed me but said "you can't do that cuz your an LLC"

correct.  I was a LLC and that was an issue back then

Transfers from an LLC to the member have to be done on a 4473 as the LLC is a separate entity from the member.  SP just log it to personal collection and call it done.
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