What are the pros and cons of a Gun Trust vs. an LLC for NFA items? One of my local dealers will not accept a Trust from anyone...had quite a few issues getting items through ATF because of them. Probably badly written by a not so knowledgable attorney. He only accepts LLC's to transfer NFA items and many attorneys he has as clients also have their own LLC instead of a trust. Curious as to why, one better than the other?

Trust > LLC

depending on state it gets costly to renew a LLC annually...

I'd find a new dealer, then. I would say that 75% of my NFA sales are trust sales and I have never had a rejected form. I funnel most of my customers to NFA Lawyers (SF member owned).

Using an LLC would require registration of the entity with the state (may not be required for a trust - check state laws) or filing of biennial reports like an LLC. The LLC's documents are also generally available to the public and may include your address (unless you are paying somebody to serve as registered agent.

Dump that dealer and tell him why. I have an LLC for my side business but still used a trust. The LLC does cost money to renew annually. It's not much, but the trust seemed simpler for firearms.

An LLC requires an annual filing and a fee.

Forget to do both and the state of the LLC will dissolve it.

Trust > LLC because the NFA is designed to work with trusts and there are no annual filing requirements.

Sounds like a solution looking for a non-existent problem (besides that one dealer).