What is involved in becoming a machinegun manufacturer or dealer?
If you want to deal in NFA weapons, first, you need a FFL license a type 01 license. The application fee is $200 and it’s good for 3 years, it costs $90 to renew every three years. You have to get fingerprinted, photographed and fill out the Form 7 package. A BATF compliance officer will pay you a visit and inspect your business location. You have to meet all the local zoning requirements, have to have an EIN number and a State Sales Tax ID number and be in business to make money. Once your FFL is approved, it takes 90 days or so for the review process, your will need to pay the SOT or Special Occupational Tax to deal in NFA weapons, it is $500 EVERY YEAR, it is due on July 1st and it isn’t prorated so if you pay $500 in March, you’ll pay $500 again in July. Once BATF cashes your check, you can deal in NFA weapons, your EIN will become your NFA SOT number. This is what is known as a Class 3 NFA dealer. Now you can apply for a type 07 license, this is a license to manufacture weapons. I