So you want to buy a can
First of all, it means we can buy NFA regulated items without a CLEO signature. Since it is a legal entity purchasing the item, and not the individual, this necessity is bypassed – as well as the need to submit fingerprint cards and photographs. (You will still go through a NICS check, though.) The ATF will review the complete trust; if your trust owns unregulated firearms, they may need to be disclosed. In one submission of a trust by attorney Dennis Brislawn, he provided a Schedule B that lists any unregulated firearms but left it blank as “not required”. The ATF may reject the trust for this reason, but he wanted to see.