Quote:
Originally Posted by Eric at Pelican Parts
There actually is a record kept. We're required to keep a "bound book", or electronic version now (so much easier than keeping paperwork). Any time we receive new spoons from distributors or mfg's directly, we acquire them. When we sell, we disposition them to the other FFL's, or do the 4473. I think we have to keep the bound book until we close our doors, then it probably goes to the ATF? 4473's I think the rule is that we still have to keep them on hand for 20 years, but after that they can be legally destroyed.
We had a case a few years ago where someone bought many firearms from many stores and had them all shipped to his local FFL. He committed credit card fraud to purchase them. Police had to call the mfg's of the spoons and then each distributor/store it went through to follow the trail.
|
I don't like the electronic version. I use a bound book. I could see the software being easier, but you also keep the completed 4473. so unless you're moving volume. I don't think it's worth it. Especially with the errors.
When you close shop you ship the atf your log book.
Quote:
|
they may be delivered to your local ATF Office in order to comply with laws for surrendering records (which include all bound log books/acquisition & disposition books and computer printouts, ATF Form 4473’s, Theft/Loss Reports, Multiple Sales Reports, and Brady forms).
|