How Many Can Be On a Trust? (Or: Why No Class III Shareholders Businesses)

[roscott]

If members of a trust can possess and use Class III items held in the trust, how many members can be on that trust?

And if the number is not capped, why is there not a business that allows you to purchase a "share" and get added to the trust? Another scenario: Why could a hunt club with 30 members not start a trust (or corporation) and purchase a dozen suppressors for use by the club members? It seems like a large company could essentially rent out Class III items to their "shareholders" and get make pretty good money.

Why have we not seen this in the industry?

 

[schmart]

current rules are that all trust members must be fingerprinted / background checked every time additional "hardware" is procured. IMO that would be problematic for a growing business.