imported post
no for your C&R since your a collector, you as an individual dont need to start and LLC, your not athourized to DEAL arms as a collector. It took about 38 days to get my license once i was charged for it. However it took about 2 months to get the green papers.(application).
The C&R is nice like mentioned some places will give you dealer discounts. for having your FFL 03.
now if you want an FFL 01 (dealer) you have to have a business,insurance,etc... no worth the hassel imo. If your just interested in Old guns, or russian guns and etc.. that are on the C&R list (SKS are on this list) for those interested.