If you have a Type 08 FFL or are interested in obtaining one, FastBound can assist you in running your firearms business more efficiently. We’ll explain how our software can benefit you, as well as provide details about this particular type of FFL.
FastBound is FFL software for firearms A&D bound books and 4473 Forms. Our software platform can be a valuable tool for Type 8 FFLs in several ways including:
Electronic 4473: FastBound seamlessly transfers any smartphone, computer, or tablet into a compliant 4473 with digital signatures and electronic storage.
Electronic A&D: With FastBound, you can create unlimited compliant bound books for purposes such as transfers, consignment, manufacturing, and more without incurring additional costs.
Automation: our platform automates the process of conducting background checks and filling out state forms, saving you time and money.
Guaranteed Legal Defense: In the event of any ATF administrative actions related to our software, FastBound offers legal defense through FFLGuard, the leading attorney-backed firearms compliance program.FastBound also offers a number of other features like bulk changes, multi-state background checks, and multiple sale reporting.
A Type 8 FFL, or Federal Firearms License, is a license issued by the ATF that allows individuals or businesses engage in the importation of firearms and/or ammunition. However, this license does not extend to destructive devices or armor piercing ammunition. If you want to import this type of firearm or ammunition, you should go for a type 11 FFL.
There are actually 11 types of FFLs covering all types of firearms business like importers (FFLs 08 and 11), Dealers (FFLs 01, 02, and 09), Manufacturers (FFLs 07 and 10), and type 03 that covers collectors.
The biggest advantage for 08 FFLs is that it allows the license holder to legally import firearms and ammunition without having to deal with middleman or third-party dealers. This can result in cost savings and great control over the supply chain and inventory control. You may also gain access to ammunition or firearms that aren’t available domestically.
The main disadvantage to a 08 FFL is as an importer, you are faced with increased regulations and oversight. Type 08 FFLs must comply with a range of federal laws and regulations related to the importation of firearms, including record-keeping requirements, background checks, and other licensing requirements.
To obtain a Type 8 FFL, you will need to meet several requirements set by the ATF. These requirements include:
The basic federal requirements are:
Type 08 FFLs are also required to sign up as a Class 01 Special Occupational Taxpayer (SOT). This is a separate application and yearly fee on top of the 08 FFL application and fee.
Obtaining an FFL may require fulfilling different state requirements, which usually entail registering your business with the state government and obtaining a state firearms license, subsequent to acquiring your federal firearms license. Depending on your business activities, you may also have to obtain local zoning permission.
To avoid zoning issues while operating a home-based FFL, it’s important to specify that you won’t create a retail location and will generate minimal foot traffic to your area. However, if you wish to set up a retail location, you must comply with all local zoning regulations.