You have the hard part done already. Most "gunsmiths" are just parts changers.
You will need a business license from your locality, and an 07 FFL(manufacturer). "Regular" business hours are also a requirement last I checked.
Once established, you can upgrade, pay your SOT, and build the fun stuff.
Record keeping is critical. Dotting all your "i's" and crossing all your "t's".
I have looked into it several times over the years, for the same reasons as you. A neighborhood class 3 dealer wanted me to do his smithing as he had seen the work I did for myself. The intrusion of the BATFE, and the fear of a book keeping error kept me from it.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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