MD CCW question

[NRA-Benefactor]

Hey guys, Please don't flame me, I have not been able to get a straight answer.

I am the President of a S-Corp. The corporation owns a rental property, the tenant pays me in cash every month. (for the past 7 years)

Would this be enough for G&S on my application with MD????

No one ever says how much is a large amount of cash... $1500.00? $10,000.00?

 

[MartinO'Malley]

maybe, but it would be restricted to trips to the bank to deposit said cash.

 

[wolfejp]

Yes it is it not so much the amount that matters it’s the amount of times that make cash deposits, what time you make the deposits, and how far is the bank from your home.

 

[NRA-Benefactor]

Thanks!

 

[swinokur]

MSP doesn't know either, but they know it when they see it.

 

[Merlin]

Hey guys, Please don't flame me, I have not been able to get a straight answer.

I am the President of a S-Corp. The corporation owns a rental property, the tenant pays me in cash every month. (for the past 7 years)

Would this be enough for G&S on my application with MD????

No one ever says how much is a large amount of cash... $1500.00? $10,000.00?

Yes, more than enough.

 

[Merlin]

Yes it is it not so much the amount that matters it’s the amount of times that make cash deposits, what time you make the deposits, and how far is the bank from your home.

I completely agree with your statement about the amount does not matter. But I have to respectfully disagree with the rest of your statement. How far the bank from your house or business has nothing to do with nothing. How often also does not have anything to do with anything. You either have G&S or you don't. And any business owner does.

The OP carry's Business related currency. He will have a restriction on the back of his CCW that states, "When carrying business related currency as owner of same." or some variation.
That will mean that at any time the business owner, during their business day, as they deal with business activities, may (and will most likely be) carrying business currency of some type.

 

[NRA-Benefactor]

Once approved, I will always have business currency on my person...