Much of what I do focuses on visiting FFL locations across the country and working to specifically identify and correct training issues relevant to firearms inventory management and transfer processes. With more than 30 years at this, what I’ve learned over the years is that record keeping is crucial to any business’ success. I’ve personally seen inaccurate record keeping lead to business slow-downs, temporary closures, bankruptcies, lawsuits, and even executive indictments—and if you’re an owner or C-level exec in the firearms industry, you know that when it comes to managing and tracking firearms transfers, the government inspectors are intense on detail accuracy!Recent misuses and tragedies involving firearms have heightened awareness and concern in this area and should be a reminder to us all that illicit acts involving guns could occur anywhere and by anyone. Although this increased focus may be a good reason to review your internal processes for accuracy and timeliness of record completion, I’d like to fall back on the basic “good business” principle of keeping accurate records for the sake of complying with standard expectations and maintaining good business.
Start With Your A&D Book
So what best practices should every FFL have in place to support their record-keeping processes to avoid unnecessary liability concerns, finger-pointing, slanderous or false accusations, media exposure, and guilt? My suggestion is to start with your Acquisition & Disposition (A&D) book.
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