Ace the 2026 Gun License Open Book Exam – Shoot for Success!

Licences can be issued to individuals or to a business/entity. When a firearm licence is in the name of a juristic person, the license is held by the business, meaning the company is officially licensed to possess and manage the firearms listed on that licence. The firearms are therefore tied to the business, and employees or other approved users can be designated to use them under the licence, subject to the organisation’s policies and legal requirements. The business bears the responsibility for secure storage, record-keeping, and ensuring that only authorized personnel handle the firearms. This is why the statement is true: the licence is in the name of the business, not a specific individual.