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First, it is not possible to build a new machinegun if you do not have a proper NFA Manufactures license since 1986. Before then, you could have submitted a Form 1 with your tax payments and build a MG but not anymore. Building one these days will cost you 10-years in jain and $100,000 in fines! In that perspective, a transfereable machinegun is rather cheap!
As for the Corp, I have all kinds of business activities and honestly doing the books and reporting is a real PITA! Unless you really need to go the Corp route, I would suggest looking at other options.
The big advantage with a corp for me is the guns that are on the Corp books stay with the Corp so I can pass it on to my kids regardless to what future laws may bring regarding x-fer of MGs. I can also draft a letter in the Corp name allowing some Corp officers to use the MGs but I don't let that happen so that is pretty much a moot atvantage at this point.
I have seen some people do these as part of a Trust and the paperwork for that might be a whole lot easier then a corp. Also, my Corp is a full c-corp so I have lots of stuff I need to report.
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