- Orchid Advisors

(1) How Do I Enable Compliance and Business Performance During
Corporate Events?
(2) At What Point Does One Become a Manufacturer?
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222 Pitkin Street, East Hartford, CT 06108
www.orchidadvisors.com
In Today's Issue:
--Advisory and More:
Advisory #1: How Do I Enable Compliance and Business
Performance During Corporate Events?
Advisory #2: At What Point Does One Become a Manufacturer?
Friday Funny
Promo Video: Firearms Industry Portal (Watch the demo)
--Business News:
Cash Management & Working Capital Webinar - Sept 18 (Register
Free)
Action:
License the Transaction Validation
Tool (TVT) to be alerted to errors
in your A&D book - daily! Or, the
Serial Number Inventory Tool
(SNIT) to reconcile your A&D
book and physical inventory!
--Regulatory News:
Application for Marking Variances Transitioning to Firearms Technology
Branch
New ATF Ruling on Machine Gun Inventory To Be Posted (News
Developing)
FCPA Compliance and Ethics Report - Listen to Episode 83 Interview
CEO of Orchid
Events:
Oct 6-8 Miami
Firearms Industry Compliance
Conference
Sample list of Registered
--Conference News:
US Customs and Border Protection added to the list of exciting
speakers for the Firearms Industry Compliance Conference.
Attend the Firearms Industry Compliance Conference and join
(1) Regulatory Agencies including ATF, FBI and CBP; and (2) Key
industry players including: NSSF, Walmart, Cabela's, Big Rock
Sports, Lipsey's, Davidson's, Taurus, Ruger, S&W, Remington,
Colt, Mossberg ...and many others.
See below, or visit the website for our full agenda.
(Only October 7 shown above)
Email us at contactus@orchidadvisors.com if you have any content
requests for the ATF's presentations.
$195 discounted rate available for Single FFL Retailers!
Our discounted block of hotel rooms will be released September 6.
Attendees and
Speakers! Federal Regulators:
ATF, CBP, FBI National Instant
Criminal Background Check
System (NICS). Industry
members: Walmart, Cabela's,
Sports Authority, National
Shooting Sports Foundation
(NSSF), Davidson's, Big Rock
Sports, Lipsey's, Orchid
Advisors, Remington Outdoor
Company, Smith & Wesson,
FN America, OCR Services,
Brownells, CZ-USA, IBM, Colt
Defense, Century International
Arms, Inc., Kimber Mfg.,
National Firearms Dealer
Network, Dunham's Sports,
Ruger, Taurus, O.F. Mossberg
& Sons, Oneida Molded
Plastics, HTI Plastics, Smith,
Gambrell & Russell, Executive
Protection Systems, BDO,
Protiviti, Inxites, Pisciotti,
Malsch & Buckley, P.C., SSI
Manufacturing, NFATCA, Ernst
& Young LLP, FFL123, Dakota
Silencers, Parmatech, Cognex,
Reeves & Dola LLC, mBlast,
Magnus Precision Mfg, RGP,
TFoxLaw, ARC Mim, Alex
Kincaid Law, Alexandria
Industries, Maverick Arms,
FloDesign, Buffalo Bill Center
of the West, Centennial Gun
Club, EZCORP, Inc., Beach
Firearms LLC, Patriot
Silencers, AIM, Inc., Michel &
Associates, Edge Firearms,
Rifle Dynamics, Dave's Sports
Shop, Sharp Shot Shop,
Trulock Tool, Battlefield Sports,
Register now to ensure you reserve your room at the discounted
group rate.
2015 conference secured for May 12 - 13, 2015 in Orlando, FL at
the Orlando World Center Marriott
DealerNFA, Inc., Westfield
Electroplating Company,
Access Global, LLC and many
others. The growing list of
attendees can be accessed
here.
Firearm Dealers:
Friday Funny
Dealers range in size from oneperson stores (or “Mom &
Pops”) to large, multi-store
retailers such as Wal-Mart.
While the needs of these
differing organizations vary
considerably, the regulations
impacting them do not. That’s
where we come into play. Our
goal is to assist you in
developing sustainable
compliance through small
changes to your daily
operations. Read more about
Orchid Advisors' Firearm
Dealer Services.
Information:
Download Orchid Whitepapers
--The Firearm
Compliance Ecosystem™
--Firearms Industry Compliance Leading Technologies
--Serialized Inventory Analysis
for the Firearms Industry
Advisory #1:
How Do I Enable Compliance and Business Performance
During Corporate Events?
Executive Considerations
The firearms industry has been active with acquisitions,
divestitures, plant moves and growth into new markets. If you follow
the industry wires, you’ve likely heard about Beretta’s move south,
Ruger’s new facility in North Carolina and other manufacturing
considerations for vertical integration. In any industry, corporate
events, facility startups and plant moves come with executive-level
risk considerations. So, you ask, what should I consider when
launching a new FFL, buying an FFL, implementing a new ERP
system, consolidating my FFLs (from many to one) or even
expanding into new markets? The following are but a few key
considerations:
Regulatory compliance implications;
Effectiveness and efficiency of the pre- and post-event
activities;
Financial return and pay-back period;
Impact to your operational effectiveness and supply chain
planning;
Market dynamics and customer satisfaction;
The impact to and needs of human capital;
A determination whether all risks have been appropriately
identified, planned for and mitigated.
How Do You Undertake a Major Project?
If you’re like most companies, you will want to rely on expertise
resident within the company. You will put a vice president you trust
in charge of a team of managers from relevant functions and you
will rely on them. This seems like a natural first step because
intimate knowledge of your business is critical to understanding the
current state and, to some extent, the future state of the business.
You know the team and the team knows your business.
The challenge is, new big projects call on different skills and give
rise to different risks than your team may encounter in the normal
course of business. Without the right expertise, they can stumble
just at the time that risks are enhanced, because major projects are
times of increased risk for companies. As an example, let’s look at
how things can go awry when opening a new plant in another state.
Where Does it Begin?
(FULL STORY)
Advisory #2:
At What Point Does One Become a Manufacturer?
Let's start with what's simple. Constructing a firearm from new parts
into a functional firearm, including the creation of frames and
receivers, is the basic step. When you perform this as a regular
course of trade or business with a principal objective of earning
your livelihood and making a profit through the sale or distribution
of your work product, you become a manufacturer.
In case you want to look up the statutory language, you can find it
at 18 U.S.C. §921(a)(10). There's also a handy ATF Ruling 201010, as well.
So where's the tension?
(FULL STORY).
NEWS: Announcing the Firearms Industry Portal
(click to watch)
NEWS: ATF To Issue Machine Gun Inventory Ruling
Developing news. Details to be announced shortly.
NEWS: Application for Marking Variances
Transitioning to Firearms Technology Branch
On September 2, 2014 the processing of applications for alternate
means of identification of firearm(s) (marking variance), ATF Form
3311.4 and letter applications transitioned from the Firearms
Industry Programs Branch to the Firearms Technology Branch
(FTB).
(FULL STORY)
Announcement:
Orchid Advisors announces a free Cash Management & Working
Capital Webinar on September 18.
Click here to register!
Announcement:
Orchid Advisors announces the keynote speakers and program for
its 2014 Firearms Compliance Conference on October 6-8, 2014, in
Miami, Florida. More than 50 speakers will hail from ATF, FBI,
NSSF, and major manufacturers such as Smith & Wesson,
Remington, and Colt; major distributors such as Lipsey’s and Big
Rock Sports. And, the firm has announced the location and timing
of next year's conference to be in Orlando from May 12 - 13, 2015.
(FULL STORY)
Current Sponsors and Exhibitors
Announcement:
Sponsorship by Smith & Wesson has made it possible for Orchid
Advisors to offer a reduced price of $195 for Single FFL Retailers!
Register for the Firearms Industry Compliance Conference today.
Announcement:
Orchid Advisors CEO Jon Rydberg is set to speak at conferences
hosted by NASGW and NSSF.
Action:
License the Transaction Validation Tool (TVT) to be alerted to errors
in your A&D book - daily! Or, the Serial Number Inventory Tool
(SNIT) to reconcile your A&D book and physical inventory!
Action:
Enroll in the The Firearms Compliance University - the only training
solution that provides you updates when the regulations change.
Now included as part of the Firearms Industry Portal.
Thanks for the client feedback. Keep it coming!
"The amount and quality of the information is unbelievable...
unlimited logins and you get a book? You guys should have
an infomercial!"
"The system works perfectly."
Online Videos and Quizzes; Books for Dealers, Distributors,
Manufacturers and Importers
Our clients asked....."Do my people have the right knowledge?" We
answered. "They do now."
And it's clear they wanted it. Don't spend valuable time designing
your own training from scratch. We have have your complete
solution. The Firearms Compliance University (FCU) is designed for
every employee of the firearms industry. Online, on-demand and
updated on a real-time basis.
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Orchid Advisors provides electronic newsletter (“Advisory and Alert”) and blogs for general informational purposes
only. It should not be considered a formal or informal interpretation of law. It is not intended as professional counsel,
should not be considered legal advice and should not be used as such.
Copyright © 2014 Orchid Advisors, All rights reserved. 222 Pitkin Street, East Hartford, CT 06108
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