08

The paper trail

A licensed business is a recordkeeping business. This chapter covers what must be written down when a firearm arrives and when it leaves, what the buyer’s form must capture, and how long all of it is kept.

In this chapter

• +What every acquisition and disposition entry must show, and when it must be made
• +How Form 4473 is completed and retained, and what a personal collection transfer requires
• +How long each record is kept, and how fast a tracing request must be answered