If you are considering applying for a Federal Firearms License (FFL) or are going to have a new partner in your existing firearms business, it is always important to consider the corporate options and implications. One of the old adages is the only ship that will not sail is a partnership, and generally speaking, that is very true and it would be unwise for any firearms business to be a partnership. However, depending on the number of individuals involved, how each individual is involved, and the future desires and goals of the business, there a host of options that must be taken into consideration in determining the best corporate structure.
While there are many corporate attorneys in Pennsylvania, there are virtually no other attorneys or law firms that can advise you not only on the corporate implications, but also the State, Federal, and Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF or BATFE) implications and regulations. When you are an existing FFL, you cannot simply change your corporate structure. There are issues that must be considered and resolved involving everything from the ownership, licensing, and registration of firearms to complying with the regulatory requirements of the BATFE.
Here at Prince Law Offices, P.C., we have attorneys that are cognizant of the issues involved and devise corporate planning specific to the needs and desires of each FFL. While there is no one corporate structure that fits the needs of every FFL, rest assured that when you need FFL Corporate planning, Prince Law Offices, P.C., is ready and willing to help you determine the best corporate structure with the knowledge and expertise in Federal and State firearms law that is necessary.