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A firearm bill of sale is a document that outlines the details of a sale between a private buyer and seller for handguns, rifles, or shotguns, helping to transfer ownership and protect both parties legally. The video tutorial covers essential information about firearm bill of sale forms and provides guidance on obtaining official templates for free. It highlights the importance of understanding state-specific gun laws, as they can vary significantly across all 50 states. Key steps for selling a firearm include: researching state laws, selling to a trustworthy individual, performing a background check (if required), negotiating sale terms, and creating the bill of sale.