What Does FFL Stand For?
FFL is short for Federal Firearms License, which has become a common term in the gun industry. Most people don’t even realize it’s an acronym for anything! But it’s important to know what your FFL stands for if you’re interested in getting into the gun business yourself or just curious about how these licenses work.
Federal Firearms License (FFL)
FFL refers to the Federal Firearms License, which is a license that is required for persons or entities (corporations, trusts, partnerships) to engage in the business of importing and dealing in firearms and ammunition.
The FFL is required for anyone who wants to import or manufacture a firearm. The FFL is also necessary if you want to buy or sell rifles and shotguns from an individual (private party sale) unless the buyer and seller are both present at one time with their respective local law enforcement agencies when making such sales.
Know What Your FFL Means
FFL stands for Federal Firearms License. This license is required by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) for persons or entities to engage in importing, manufacturing and dealing in firearms and ammunition.
ATF issues the FFL after filling out an application and meeting the requirements set forth by ATF. The FFL enables you to engage in the business of manufacturing, importing and selling firearms, including selling weapons and firearms using a high-risk merchant account.
To obtain an FFL, you must be 21 years old, have a clean criminal record, have not lied on the application form, and be a sole proprietor or corporation.
If you’re going to be in the business of selling firearms, you must understand what an FFL is and how it can help your business. It’s also important to be aware of all the laws surrounding this type of license so that you don’t get into trouble with federal authorities.