Be a Dynamic and Effective Compliance Officer

June 30th, 2008

The role of the compliance officer is a scary job with difficult and growing pressures.  It is nonetheless an exciting and challenging role for someone who desires to be in the middle of what is making things happen and keeping things rolling.  Before taking a position, it is advisable to meet the CEO and the CFO and understand the business.  Do not just walk into a can of worms where you would be required to do the clean up.

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A Federal Firearms License For Collectors - the Curios and Relics License (C&R FFL)

June 29th, 2008

If you’re an avid gun collector whose interests lie in older firearms, 50 years or older, there is a special type of federal firearms license that may be right for you. It’s known as the Collectors of Curios and Relics Firearms License - (C&R) FFL, also known as a type 3 license. The exact definition of these firearms is listed in 27 CFR 478.11, subpart B, and typically include most old military rifles such as those from WW1, and WW2.

One very important thing to note is that this is a collector license for specific firearms and not a dealer license. As such, you’re allowed to purchase firearms, not sell them as a dealer. You are however allowed to occasionally sell these firearms in the interest of your collection. For instance, if you’re looking to upgrade a gun in your current collection, you may sell the one you have.

The main advantage of having a C&R license is that it allows you to purchase firearms directly from a dealer. You’ll be able to order

from a catalog or online, and have it delivered directly to you without having it shipped to a dealer first. The benefit of this is that by eliminating this extra step you’ll typically pay less for your firearms.

Another added bonus of a C&R license is that it’s both the easiest to obtain and cheapest of any of the FFL licenses. The fee for a C&R license is $30.00, and is good for three years.

To get your C&R license you need to fill out 2 forms; ATF F 7FR (5310.16), and ATF form 5330.20. Both of these are available online at the ATF website. Once you’ve obtained the forms you’ll need to fill out 2 copies of 7FR. The first one is sent in with your payment of $30.00 to the BATF. The second one is sent to your local Chief Law Enforcement Officer. This will probably be your town’s chief of police, or the head of your local sheriffs department. If you’re unsure which one it is, call them and ask. The second for you need to fill out, AFT form 5330.20. This is the alien compliance form which basically establishes your residency.

Since a C&R license is geared towards collectors, there is very little paperwork involved. You’re only required to keep what’s known as a Bound Book. This is just a log of purchases and sales that you make after you’ve obtained your license. There are no background checks required if you sell a firearm, and you don’t have to fill out form 4473.

Finally, if in doubt, the ATF has a wealth of information listed on their website. They list the types of firearms that are covered by a C&R license, the detailed requirements for obtaining a license, and information about inspections that you may be subject to. As you can see the C&R FFL is geared specifically towards collectors, and has been designed to be relatively easy to obtain. So if you’re looking for a license to collect older firearms and ones that are specifically listed as being curios and relics, this is the license for you.

John R. Thompson has been an avid gun collector for the past 30 years. Having experienced firsthand the bureaucracy involved in obtaining a Federal Firearms License he decided to help others out by providing as much information as possible about the licensing process. Click here for more information and tips on how to obtain your Federal Firearms License

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What Does Texas Lemon Law Allow?

June 28th, 2008

The Texas lemon law has been helping the consumers get their rights when they buy defective cars and other products. The law was enacted in 1983 by the state legislature. Although the validity of this law had been questioned in 1985, it was proved to be valid and in Texas, the law is administered by the Department of transportation and motor vehicle board. Under the law, there are informal mediation arrangements and so many cases have been resolved. When the case is resolved, a complainant is given a replacement, refund or even repair. If you live in Texas, you need to know which vehicles your Texas lemon law covers and they include the following. New cars, trucks, vans, motorcycles, all terrain vehicles, towable and recreational vehicles.

Texas lemon law does not cover used cars, repossessed vehicles, non travel trailers, farm equipment or boats. But, if you are asking what the qualifications are for your car to be considered a lemon in Texas law, your vehicles must have the following conditions it must have a very serious defect or an unusual abnormal feature, it must be a written warranty, the defect must be within the warranty period, the car owner must have given the manufacturer a reasonable chance to repair the vehicle, the defects must cause serious compromise in value and safety of the vehicle. If this sounds like your experience, you need to know that you have a lemon and you can use the law to get the compensation you deserve.

The Texas lemon law allows you six months for you to file a case from when you realize that you have a lemon. There are so many formalities not only in the Texas lemon law but, in all states because car disputes are more complicated and expensive and therefore, they need to be handled carefully and fairly. When the car dealer becomes reluctant to help you, you should have kept all the vital records and you will take them to the Texas department of motor vehicles where you launch your formal complaint. You will fill a complaint form and if you want to see how it looks like, you can view it on the internet.

The department will then communicate to the manufacturer and everything will be done to resolve the case. So many cases find a solution during this stage because all parties want to do the right thing. However, other cases are not settled here and, the next thing you must do if your case was not resolved, is to prepare yourself for a hearing where you give the evidence to an administrative law judge showing that your vehicle is a lemon. You will find so much information on the internet about how to prepare yourself for a hearing and what options you have if you are still not satisfied with the outcome of the hearing. If you win during the hearing, you can look forward to a refund, replacement, repair and even reimbursement of all the expenses.

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A Federal Firearms License For Collectors - the Curios and Relics License (C&R FFL)

June 27th, 2008

If you’re an avid gun collector whose interests lie in older firearms, 50 years or older, there is a special type of federal firearms license that may be right for you. It’s known as the Collectors of Curios and Relics Firearms License - (C&R) FFL, also known as a type 3 license. The exact definition of these firearms is listed in 27 CFR 478.11, subpart B, and typically include most old military rifles such as those from WW1, and WW2.

One very important thing to note is that this is a collector license for specific firearms and not a dealer license. As such, you’re allowed to purchase firearms, not sell them as a dealer. You are however allowed to occasionally sell these firearms in the interest of your collection. For instance, if you’re looking to upgrade a gun in your current collection, you may sell the one you have.

The main advantage of having a C&R license is that it allows you to purchase firearms directly from a dealer. You’ll be able to order

from a catalog or online, and have it delivered directly to you without having it shipped to a dealer first. The benefit of this is that by eliminating this extra step you’ll typically pay less for your firearms.

Another added bonus of a C&R license is that it’s both the easiest to obtain and cheapest of any of the FFL licenses. The fee for a C&R license is $30.00, and is good for three years.

To get your C&R license you need to fill out 2 forms; ATF F 7FR (5310.16), and ATF form 5330.20. Both of these are available online at the ATF website. Once you’ve obtained the forms you’ll need to fill out 2 copies of 7FR. The first one is sent in with your payment of $30.00 to the BATF. The second one is sent to your local Chief Law Enforcement Officer. This will probably be your town’s chief of police, or the head of your local sheriffs department. If you’re unsure which one it is, call them and ask. The second for you need to fill out, AFT form 5330.20. This is the alien compliance form which basically establishes your residency.

Since a C&R license is geared towards collectors, there is very little paperwork involved. You’re only required to keep what’s known as a Bound Book. This is just a log of purchases and sales that you make after you’ve obtained your license. There are no background checks required if you sell a firearm, and you don’t have to fill out form 4473.

Finally, if in doubt, the ATF has a wealth of information listed on their website. They list the types of firearms that are covered by a C&R license, the detailed requirements for obtaining a license, and information about inspections that you may be subject to. As you can see the C&R FFL is geared specifically towards collectors, and has been designed to be relatively easy to obtain. So if you’re looking for a license to collect older firearms and ones that are specifically listed as being curios and relics, this is the license for you.

John R. Thompson has been an avid gun collector for the past 30 years. Having experienced firsthand the bureaucracy involved in obtaining a Federal Firearms License he decided to help others out by providing as much information as possible about the licensing process. Click here for more information and tips on how to obtain your Federal Firearms License

Read more

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A Federal Firearms License For Collectors - the Curios and Relics License (C&R FFL)

June 26th, 2008

If you’re an avid gun collector whose interests lie in older firearms, 50 years or older, there is a special type of federal firearms license that may be right for you. It’s known as the Collectors of Curios and Relics Firearms License - (C&R) FFL, also known as a type 3 license. The exact definition of these firearms is listed in 27 CFR 478.11, subpart B, and typically include most old military rifles such as those from WW1, and WW2.

One very important thing to note is that this is a collector license for specific firearms and not a dealer license. As such, you’re allowed to purchase firearms, not sell them as a dealer. You are however allowed to occasionally sell these firearms in the interest of your collection. For instance, if you’re looking to upgrade a gun in your current collection, you may sell the one you have.

The main advantage of having a C&R license is that it allows you to purchase firearms directly from a dealer. You’ll be able to order

from a catalog or online, and have it delivered directly to you without having it shipped to a dealer first. The benefit of this is that by eliminating this extra step you’ll typically pay less for your firearms.

Another added bonus of a C&R license is that it’s both the easiest to obtain and cheapest of any of the FFL licenses. The fee for a C&R license is $30.00, and is good for three years.

To get your C&R license you need to fill out 2 forms; ATF F 7FR (5310.16), and ATF form 5330.20. Both of these are available online at the ATF website. Once you’ve obtained the forms you’ll need to fill out 2 copies of 7FR. The first one is sent in with your payment of $30.00 to the BATF. The second one is sent to your local Chief Law Enforcement Officer. This will probably be your town’s chief of police, or the head of your local sheriffs department. If you’re unsure which one it is, call them and ask. The second for you need to fill out, AFT form 5330.20. This is the alien compliance form which basically establishes your residency.

Since a C&R license is geared towards collectors, there is very little paperwork involved. You’re only required to keep what’s known as a Bound Book. This is just a log of purchases and sales that you make after you’ve obtained your license. There are no background checks required if you sell a firearm, and you don’t have to fill out form 4473.

Finally, if in doubt, the ATF has a wealth of information listed on their website. They list the types of firearms that are covered by a C&R license, the detailed requirements for obtaining a license, and information about inspections that you may be subject to. As you can see the C&R FFL is geared specifically towards collectors, and has been designed to be relatively easy to obtain. So if you’re looking for a license to collect older firearms and ones that are specifically listed as being curios and relics, this is the license for you.

John R. Thompson has been an avid gun collector for the past 30 years. Having experienced firsthand the bureaucracy involved in obtaining a Federal Firearms License he decided to help others out by providing as much information as possible about the licensing process. Click here for more information and tips on how to obtain your Federal Firearms License

Read more

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Risk Management Legal Alert - Virginia Requires Disclosure of Policy Liability Limits

June 25th, 2008

Virginia’s legislature adopted a new disclosure requirement for motor vehicle insurers that requires an insurer disclose the limits of liability of any motor vehicle liability or personal injury liability insurance policy to a claimant prior to the filing of a civil action. The trigger for this disclosure is a request by any claimant. The requesting party must meet a number of requirements detailed in the Code. The new law provides that the disclosure of the policy limits doesn’t constitute an admission of liability nor does it make information concerning the insurance policy admissible as evidence at trial. The amended Code will take effect on July 1, 2008. The amended Code is as follows:

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Water Meters; Coming To A Street Near You

June 24th, 2008

As utility bills climb to unseen levels it is unsurprising that many people are starting to install water meters to their homes. This is because the old system of having a categorised water bill has become increasingly more expensive as water companies try to increase their revenue. As such, water meters are a way to not only reduce the prices of your bill but to also use less water in your home.


The move towards water meters is not just a result of a homeowner’s pursuit of cheaper bills. The government in the last twelve months has made it law that all new builds must be built with water meters as standard. These new regulations are supposed to ensure that those buying new homes have a greater respect for the environmental effects of being wasteful with water, as well the financial costs of wasting this precious resource.


It is not just new builds where the government is trying to introduce water meters in a uniform manner. This battle to conserve water is being fought in the cause of water conservation. With droughts seemingly becoming a regular, if not annual occurrence this move by the government, in conjunction with the amenities is unsurprising. These environmental policies were only a short time ago being championed by the environment minister.


In a statement he professed a desire to increase water conservation in drought prone areas through a variety of measures. Not only were meters at the heart of this conservation effort but points also raised in the statement included the introduction of more porous paving slabs in gardens to aid drainage as well as attempting to reduce the use of phosphates in washing powder to further reduce environmental harm.


Water meters for all homes are key to the government’s strategy over the next twenty years. With so many new houses being built it will not be long before a major water shortage occurs across Britain nationwide. It was argued that this would be a result of not only wastefulness of homeowners but also a result of climate change and economic growth.


The problem with an all encompassing water supply strategy is that regions are different and have different characteristics. As such, for any policies to be successful it is important to take a local approach taking into account factors that relate to that area directly. That said it is still possible to draw general policies that can be applied across the country. By 2030 the government wants average daily water usage to be reduced from 150 to 120 litres. Part of this reduction is to introduce water meters into homes so people are conscious of the water they are using.


Many homeowners however are not happy with the introduction of water meters wholesale. While those who live alone or in small families will benefit, it is those houses that have many residents that will feel the financial pinch of the usage of water meters. Thankfully government ministers are also researching the different charging policies to create a fair pricing structure that will suit all. One thing is agreed, that the existing pricing methods are not only archaic, but wholly unrepresentative. The hope of the research is to produce a pricing system that will actively encourage people to conserve water.


There is little doubt that water meters will become a large part of the water charging and measuring system in the UK. This can not only be seen as a good thing for homeowners’ wallets but also for the environment that will benefit from the reduced amounts of water being used and processed.

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A Federal Firearms License For Collectors - the Curios and Relics License (C&R FFL)

June 23rd, 2008

If you’re an avid gun collector whose interests lie in older firearms, 50 years or older, there is a special type of federal firearms license that may be right for you. It’s known as the Collectors of Curios and Relics Firearms License - (C&R) FFL, also known as a type 3 license. The exact definition of these firearms is listed in 27 CFR 478.11, subpart B, and typically include most old military rifles such as those from WW1, and WW2.

One very important thing to note is that this is a collector license for specific firearms and not a dealer license. As such, you’re allowed to purchase firearms, not sell them as a dealer. You are however allowed to occasionally sell these firearms in the interest of your collection. For instance, if you’re looking to upgrade a gun in your current collection, you may sell the one you have.

The main advantage of having a C&R license is that it allows you to purchase firearms directly from a dealer. You’ll be able to order

from a catalog or online, and have it delivered directly to you without having it shipped to a dealer first. The benefit of this is that by eliminating this extra step you’ll typically pay less for your firearms.

Another added bonus of a C&R license is that it’s both the easiest to obtain and cheapest of any of the FFL licenses. The fee for a C&R license is $30.00, and is good for three years.

To get your C&R license you need to fill out 2 forms; ATF F 7FR (5310.16), and ATF form 5330.20. Both of these are available online at the ATF website. Once you’ve obtained the forms you’ll need to fill out 2 copies of 7FR. The first one is sent in with your payment of $30.00 to the BATF. The second one is sent to your local Chief Law Enforcement Officer. This will probably be your town’s chief of police, or the head of your local sheriffs department. If you’re unsure which one it is, call them and ask. The second for you need to fill out, AFT form 5330.20. This is the alien compliance form which basically establishes your residency.

Since a C&R license is geared towards collectors, there is very little paperwork involved. You’re only required to keep what’s known as a Bound Book. This is just a log of purchases and sales that you make after you’ve obtained your license. There are no background checks required if you sell a firearm, and you don’t have to fill out form 4473.

Finally, if in doubt, the ATF has a wealth of information listed on their website. They list the types of firearms that are covered by a C&R license, the detailed requirements for obtaining a license, and information about inspections that you may be subject to. As you can see the C&R FFL is geared specifically towards collectors, and has been designed to be relatively easy to obtain. So if you’re looking for a license to collect older firearms and ones that are specifically listed as being curios and relics, this is the license for you.

John R. Thompson has been an avid gun collector for the past 30 years. Having experienced firsthand the bureaucracy involved in obtaining a Federal Firearms License he decided to help others out by providing as much information as possible about the licensing process. Click here for more information and tips on how to obtain your Federal Firearms License

Read more

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Exemption From Participation

June 22nd, 2008

On June 25th 2005, amendment 147 of the revenue tax ordinance was passed, whose purpose was to improve the competitive ability of the Israeli tax system vis-à-vis tax systems world-wide, and as a probable consequence to increase the Israeli market job supply. With that aim, another chapter was added to the ordinance, which deals with exemption from participation for Israeli holding companies, which promotes the establishment of administrative centers of multi-national companies (foreign companies) in Israel, and which is intended to draw foreign investors to Israel; a fact which, at the end of the day, causes an increase in employment in Israel, by increasing the demand for services on the part of foreign entities, by granting an exemption from company tax for profits the holding companies gain from their sub-companies.

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A Federal Firearms License For Collectors - the Curios and Relics License (C&R FFL)

June 21st, 2008

If you’re an avid gun collector whose interests lie in older firearms, 50 years or older, there is a special type of federal firearms license that may be right for you. It’s known as the Collectors of Curios and Relics Firearms License - (C&R) FFL, also known as a type 3 license. The exact definition of these firearms is listed in 27 CFR 478.11, subpart B, and typically include most old military rifles such as those from WW1, and WW2.

One very important thing to note is that this is a collector license for specific firearms and not a dealer license. As such, you’re allowed to purchase firearms, not sell them as a dealer. You are however allowed to occasionally sell these firearms in the interest of your collection. For instance, if you’re looking to upgrade a gun in your current collection, you may sell the one you have.

The main advantage of having a C&R license is that it allows you to purchase firearms directly from a dealer. You’ll be able to order

from a catalog or online, and have it delivered directly to you without having it shipped to a dealer first. The benefit of this is that by eliminating this extra step you’ll typically pay less for your firearms.

Another added bonus of a C&R license is that it’s both the easiest to obtain and cheapest of any of the FFL licenses. The fee for a C&R license is $30.00, and is good for three years.

To get your C&R license you need to fill out 2 forms; ATF F 7FR (5310.16), and ATF form 5330.20. Both of these are available online at the ATF website. Once you’ve obtained the forms you’ll need to fill out 2 copies of 7FR. The first one is sent in with your payment of $30.00 to the BATF. The second one is sent to your local Chief Law Enforcement Officer. This will probably be your town’s chief of police, or the head of your local sheriffs department. If you’re unsure which one it is, call them and ask. The second for you need to fill out, AFT form 5330.20. This is the alien compliance form which basically establishes your residency.

Since a C&R license is geared towards collectors, there is very little paperwork involved. You’re only required to keep what’s known as a Bound Book. This is just a log of purchases and sales that you make after you’ve obtained your license. There are no background checks required if you sell a firearm, and you don’t have to fill out form 4473.

Finally, if in doubt, the ATF has a wealth of information listed on their website. They list the types of firearms that are covered by a C&R license, the detailed requirements for obtaining a license, and information about inspections that you may be subject to. As you can see the C&R FFL is geared specifically towards collectors, and has been designed to be relatively easy to obtain. So if you’re looking for a license to collect older firearms and ones that are specifically listed as being curios and relics, this is the license for you.

John R. Thompson has been an avid gun collector for the past 30 years. Having experienced firsthand the bureaucracy involved in obtaining a Federal Firearms License he decided to help others out by providing as much information as possible about the licensing process. Click here for more information and tips on how to obtain your Federal Firearms License

Read more

Posted in Regulatory Compliance Consulting | No Comments »

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