Tuesday, March 28, 2023

FIC 2023 to Examine Legal Exposure and Financial Operations

HARTFORD, CT (March 28, 2023) – Orchid LLC and Williams Mullen’s Firearms Industry Group announce an examination of firearm law and finance at the 2023 Firearms Industry Conference (FIC), to be held virtually April 27-28 and live in Atlanta, May 1-3, 2023. Firearms industry attorneys and finance professionals will lead educational sessions on various topics relating to state and federal law, legal considerations, and financial operations.

“Mitigating risk and maintaining financial stability are critical to the success of any firearms business,” said Chuck James, partner and co-chair of Williams Mullen’s Firearms Industry Group. “Several states have passed new laws that require FFLs to adopt ‘reasonable controls’ to prevent the misuse of products, for example. Presenters at FIC will review and provide insight on various laws impacting the industry and discuss how to stay compliant, prevent and address lawsuits, and prepare businesses for both financial challenges and opportunities.”

One of three conference learning tracks, Firearm Law & Finance will offer guidance and best practices throughout the FIC 2023 agenda. Comprised of three events over five days, FIC On-Air, sponsored by digital storage leader 4473 Cloud, returns as a virtual option for new industry members and small-to-medium size businesses, followed by deep dive FIC pre-conference workshops and the main conference event.

Notable FIC 2023 sessions in the Firearm Law & Finance track include:

Virtual FIC On-Air

  • Overcoming State Compliance Challenges
  • Selling Online and Avoiding Lawsuits
  • Avoiding Hidden Merchant Processing Fees

In-Person Workshops & Main Event

  • Legal Exposure, 'Reasonable Controls' & Guarding Against Litigation Risk
  • Overcoming State Suppressor Restrictions
  • Financing Firearms: Legal Considerations
  • Let's Make a Deal: Inside Buying & Selling Firearm Companies
  • Customs & FCPA: Beyond ITAR Considerations in Global Trade

Attorneys interested in applying for Continuing Legal Education (CLE) credits for noted in-person sessions will be responsible for accurately tracking, reporting and submitting materials and individual applications to their respective State Bars seeking approval for CLE credits. Additional information regarding CLE procedures will be provided to registrants.

“When businesses manage their financial operations effectively, they can make informed decisions to optimize cash flow, minimize risk, and, ultimately, achieve financial goals and objectives,” said Credova Chief Legal Officer and General Counsel, Jim Giudice. “I’ve attended FIC for the last three years and always find tremendous value in the program. The conference provides a unique platform to empower and educate industry members on best practices for the industry, including financial operations.”

To view the entire conference agenda, learn about event sponsorship opportunities, and register your team for FIC 2023, visit orchidadvisors.com/FIC. Industry members who register for FIC On-Air by April 15, 2023, can get a second virtual registration for free with promo code ‘4473CLOUD’ at checkout.

About Orchid LLC

Celebrating 10 years of serving the shooting sports industry, Orchid and partner firm, Orchid Law, offer a one-stop shop for leading FFL software, firearms-friendly payment processing, and legal and regulatory services for the firearm, ammunition and explosive industries. Orchid’s POS, ecommerce, and regulatory applications, including Orchid eBound, Orchid FEL Book, and Orchid eState, accompany its expert services in ERP integration, firearm/explosive regulation, export control laws, and Firearm & Ammunition Excise Tax advisory. Get started at orchidadvisors.com.

About Williams Mullen

Williams Mullen is a regional, full-service law firm with offices across North Carolina, South Carolina, and Virginia. The firm’s Firearms Industry Group helps industry members navigate legal issues from regulatory compliance to e-commerce development, financing needs, and interest from the venture capital world. In addition, Williams Mullen attorneys provide advice and counsel in matters involving Import/Export Controls, White Collar & Investigations, Data Protection & Cybersecurity, Intellectual Property, Employment Law, Government Contracting and legal aspects of social media marketing. Learn how Williams Mullen can assist you at williamsmullen.com.

Press Contact:

Joe Kriz

Communications Manager, Orchid LLC

jkriz@joinorchid.com