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I read some big write up on trusts in one of the special weapons magazines that said you could circumvent the form fours and the CLEO signature with them. I haven't looked too much into them personally, but I'll talk to Knesek before I buy to see what he says about them, to see if they're even worth it.
You do bypass the CLEO signature and fingerprints, but you still do a form 4. don't forget to do a certificate of compliance.
ATF Form 4 (Trust) template - WeTheArmed.com