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I figured that construction of the MG would fall more under NFA gunsmithing/manufacturing.
With what I do I don't have need of an entity as of yet but most likely will in the future so I may have to go down that path anyway and the ownership of the MG's without CLEO's signatures is a surprise bonus.
I think that any type of corporate entity, be it S, C or LLC would be preferrable to the Trust unless you got a trustee that was trusworthy. There is something about having someone hold your assets in their name and have power over them that makes me nervous. But I wonder if you could be the trustee and name the beneficiaries as ones children. You have a valid point about the transfer to your children though, the corp has a distinct advantage there.
How come you chose a C corp instead of an S corp? Is there any benefit to you to justify the double taxation?
Did those people you know who used a trust have a lawyer prepare the trust docs and who did they use as trustee?
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