One of our clients submitted an application to build a Form 1 on June 24, 2014 and was surprised when they checked their email the next morning and found that the ATF had approved the application to build the SBR.
When I first received the call, I thought it was a mistake, but then I walked the client through the Atfonline website and the process of printing the electronic Form 1. I have provided a copy for those who are as skeptical as I was about a 1 day approval process on a Form 1 from the ATF.
Not sure if this was a mistake or the ATF had just cleared out the backlog of Form 1’s but if you considering creating a Gun Trust to build an SBR, you may want to do it sooner than later.
Here is a copy of the full Form 1 for those who would like to review it.1dayForm1.pdf
To check out the current time for approvals, I submitted a electronic Form 1 on June 26 and it was approved on August 2, 2014. While 35 days is not bad, it is not overnight.