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Tennessee Gun Owners Forums
Rifles
Anyone on here own suppressors?
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<blockquote data-quote="megalomaniac" data-source="post: 2531907" data-attributes="member: 2805"><p>Same way with an LLC... one guy is the 'president', and anyone else you would like to have access to the class 3 item is a 'member' of the LLC</p><p></p><p>Don't get me wrong, I DO think a trust or LLC is far superior than individual ownership of class 3 items. But I just wanted to point out with my previous post that an individual CAN transfer the item at their death to a 'lawful heir' with no additional transfer tax incurred with a simple will (via form 5).</p></blockquote><p></p>
[QUOTE="megalomaniac, post: 2531907, member: 2805"] Same way with an LLC... one guy is the 'president', and anyone else you would like to have access to the class 3 item is a 'member' of the LLC Don't get me wrong, I DO think a trust or LLC is far superior than individual ownership of class 3 items. But I just wanted to point out with my previous post that an individual CAN transfer the item at their death to a 'lawful heir' with no additional transfer tax incurred with a simple will (via form 5). [/QUOTE]
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Tennessee Gun Owners Forums
Rifles
Anyone on here own suppressors?
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