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The YouTuber emphasizes the importance of having a bill of sale when processing and transferring firearms, whether they are pistols or rifles. The bill of sale should include details such as the buyer's name, the sale amount, serial number, caliber, model, and make of the firearm, as well as signatures from both the buyer and seller. It is essential for both parties to have a record of the transaction, ensuring that the buyer is legally allowed to own firearms.