Orchid Advisors | 2018 SHOT Show TV Studio

Published on January 25, 2018
Duration: 4:42

Orchid Advisors specializes in operational compliance for the firearms industry, focusing on embedding regulations into business processes. They offer services ranging from startup licensing assistance to outsourced compliance and software-based training solutions. Their new electronic tool helps firearms e-commerce businesses determine compliance with state-specific firearm laws during checkout.

Quick Summary

Orchid Advisors specializes in operational compliance for the firearms industry, helping businesses embed regulations into their processes. They offer services from FFL/SOT licensing assistance to outsourced compliance and software-based training. Their new electronic tool aids firearms e-commerce by determining state-specific compliance during checkout.

Chapters

  1. 00:05Introduction to Orchid Advisors
  2. 00:47Operational Compliance Focus
  3. 01:32Service Scope and Client Types
  4. 02:03Outsourced Compliance Benefits
  5. 02:48Software-Based Solutions and Training
  6. 03:12New E-commerce Compliance Tool
  7. 03:56SHOT Show Presence and Partnerships
  8. 04:16How to Contact Orchid Advisors

Frequently Asked Questions

What kind of compliance services does Orchid Advisors offer for the firearms industry?

Orchid Advisors provides operational compliance services, helping businesses integrate regulations into their processes. This includes assisting with Federal Firearms Licenses (FFL) and Special Occupational Tax (SOT) licenses, offering outsourced compliance solutions, and providing software-based training on industry regulations.

How does Orchid Advisors help firearms businesses with e-commerce compliance?

They have developed an electronic tool that integrates with e-commerce checkouts. By receiving a zip code and firearm attributes, the tool can notify businesses if a transaction is compliant, non-compliant, or indeterminate, removing human guesswork from state-specific sales.

What are the benefits of Orchid Advisors' outsourced compliance services?

For smaller companies that cannot afford a full-time compliance resource, Orchid Advisors offers a fractional compliance executive. This provides access to experienced professionals who have worked with major firearms manufacturers and retailers, ensuring expert guidance on a continuous basis.

Where can I find more information or contact Orchid Advisors?

You can contact Orchid Advisors directly through their website at orchidadvisors.com. They also have a presence at industry events like SHOT Show and are partners with the National Shooting Sports Foundation (NSSF).

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