Quote Originally Posted by sdave
All very helpful info. Thanks!

Any special insight regarding transfers "to corporations (or other legal entities...)"?
One of the steps in the process of the paper work is a signature from your cheif law enforcement officer. This is typically a sign off from the cheif of police, district attorney, or county sherrif. All it means is that the cheif LEO says you are not a criminal or a nutjob. It's actually a leftover from the Jim Crow era, so they could keep blacks, catholics, insert minority here, from having machine guns.

In most areas the cheif LEO will sign off and in a lot of states they are required to do so by law unless you are a criminal. In some instances the cheif LEO will not sign off, this is where the corporation comes into play.

If a corporation buys the weapons as an investement there is no need for a sign off from the cheif LEO. Which is handy if they are being dicks, but otherwise you can buy the weapon yourself.