Obtaining an FFL involves a $200 fee and extensive paperwork submitted to the ATF and local police. Expect a roughly two-hour ATF interview to verify intent and compliance. Profit margins on new firearms are slim ($40-$50), with used guns offering better returns. Home-based FFLs have lower overhead but limited inventory, relying on word-of-mouth and stocking popular models like the Glock 19. All firearm transaction records must be maintained for 20 years.
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