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A firearm bill of sale records the details of a private sale of handguns, rifles, or shotguns, facilitating the transfer of ownership and protecting both parties legally. The video covers essential information about firearm bill of sale forms and where to find free official templates. It outlines six best practice steps for selling a firearm, which can vary by state due to differing gun laws. First, research your state's regulations and licensing requirements. Next, consider selling to someone trustworthy, like a friend or family member. Perform a background check as needed, negotiate sale terms, and create a bill of sale to complete the transaction.