Q: We currently have a Type 1 and a Type 7 FFL license – Both licenses are under the same company name and tax ID. We want to close out the Type 1, but continue to use the Type 7 for business. We have NFA items on the Type 1 that we’d like to transfer to the Type 7. How do we do this? In other words, can we just do an internal transfer to our type 7? It is our understanding that the SOT is tied to our tax ID which is on both of our type 1 and type 7 license… Please clarify.
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