Off Topic A place to kick back and discuss non-Monte Carlo related subjects. Just about anything goes.

I am Starting a Business

Thread Tools
 
Search this Thread
 
Old Jan 24, 2011 | 10:22 PM
  #1  
Teacher's Avatar
Thread Starter
5 Year Member3 Year Member1 Year Member
Joined: Aug 2008
Posts: 4,994
From: Prineville, OR
Exclamation I am Starting a Business

So I have been thinking about this for some time. I am going to be starting a business. I have decided to file as a LLC (limited liability company) instead of a sole proprietorship for liability reasons. I need to get the business registered and create my DBA (doing business as) before I can apply for my license. I will be running the business out of my house and online and if it ever becomes bigger then I will open a store front. The business name will be Barrett Enterprises if no one else in Oregon is registered as that. I have not finalized my DBA yet, but leaning towards Ochoco Sporting Goods. Ochoco is the name of our local mountains outside of my town. I am going to be operating as a firearms dealer and will have my FFL license so that I can receive and sell firearms. I have always loved guns and feel this will be a good side business for me. I will also eventually be able to sell ammo, full auto guns, and silencers.

Any advice or thoughts from your business owners out there? Things I need to know or do? Questions anyone else may have. Let me know.

Thanks

 

Last edited by Teacher; Jan 24, 2011 at 10:37 PM.
Old Jan 24, 2011 | 10:48 PM
  #2  
monte carlo 3831's Avatar
Monte Of The Month - February 2010
10 Year Member5 Year Member3 Year Member1 Year Member
Joined: Apr 2009
Posts: 11,981
From: Pittsburgh, PA
15 Year Member
Default

Todd, cool man, goodluck with it! I've always wondered what was needed to get an FFL license. I think with your experience and knowledge of firearms that is a great idea.
 
Old Jan 24, 2011 | 10:59 PM
  #3  
Jomao_o's Avatar
Joined: Mar 2009
Posts: 5,152
From: MD.
15 Year Member
Default

That's awesome! Good for you, best of wishes to you.
I hope it's a great success.

sent ya a PM.
 
Old Jan 24, 2011 | 11:00 PM
  #4  
Budsjlm's Avatar
Monte Of The Month -- September 2012
Monte Of The Month -- February 2016
10 Year Member5 Year Member3 Year Member1 Year Member
Joined: Jun 2009
Posts: 7,758
From: Inver Grove Heights, Minnesota
15 Year Member
Default

More than likky there will be a bit of red tape to go throught since your talking firearms good luck on buisness
 
Old Jan 24, 2011 | 11:01 PM
  #5  
Teacher's Avatar
Thread Starter
5 Year Member3 Year Member1 Year Member
Joined: Aug 2008
Posts: 4,994
From: Prineville, OR
Default

There is for sure Justin. I am planning on filing the paperwork this week, then the ATF has 60 days to come and interview me.

Thanks Chris, it requires lots of paperwork, fbi background check, and a few hundred dollars.
 

Last edited by Teacher; Jan 24, 2011 at 11:47 PM.
Old Jan 24, 2011 | 11:14 PM
  #6  
Teacher's Avatar
Thread Starter
5 Year Member3 Year Member1 Year Member
Joined: Aug 2008
Posts: 4,994
From: Prineville, OR
Default

Originally Posted by Jomao_o
That's awesome! Good for you, best of wishes to you.
I hope it's a great success.

sent ya a PM.
sent you a pm back and thanks.
 
Old Jan 25, 2011 | 12:09 AM
  #7  
KJRich's Avatar
Joined: Sep 2010
Posts: 2,386
From: Hopewell, PA
10 Year Member
Default

Congrats and good luck! I always wondered what LLC stood for. LOL
 
Old Jan 25, 2011 | 01:52 AM
  #8  
Teacher's Avatar
Thread Starter
5 Year Member3 Year Member1 Year Member
Joined: Aug 2008
Posts: 4,994
From: Prineville, OR
Default

Step 1 is done. I created my LLC I am now the owner of Barrett Enterprises LLC.
 
Old Jan 25, 2011 | 04:11 AM
  #9  
Taz's Avatar
Taz

Monte Of The Month -- March 2014
10 Year Member5 Year Member3 Year Member1 Year Member
Joined: Aug 2007
Posts: 18,660
From: Windsor
15 Year Member
Default

Originally Posted by KJRich
Congrats and good luck! I always wondered what LLC stood for. LOL
Same here. Great idea Todd. Really hope it's successful.
 
Old Jan 25, 2011 | 06:48 AM
  #10  
Space's Avatar
Joined: Jul 2008
Posts: 33,585
From: Beach`in Florida
Default


Teacher `Todd
4-Sure.
 



All times are GMT -5. The time now is 01:55 PM.