The Delaware Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction is a key component of the ATF Form 4473-Part I. This statement provides important information regarding the use and possession of firearms during over-the-counter transactions conducted by business entities in the state of Delaware. In Delaware, there are two main types of statements that need to be filled out by business entities involved in over-the-counter firearm transactions: the "Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part I" and the "Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part II." The first type of statement, which is Part I, focuses on the use and possession of firearms during over-the-counter transactions. This statement ensures that the business entity understands and complies with all applicable local, state, and federal laws regarding the sale and transfer of firearms. It also confirms that the business entity has obtained the necessary federal firearms license and is in compliance with all relevant regulations. Part II of the statement, on the other hand, is more specific and tailored towards background checks and necessary processes related to the transfer of firearms. This includes information about the NICE background check system, confirming the legality of the sale or transfer, and ensuring that the buyer meets all eligibility requirements. Both these statements are important for business entities engaging in over-the-counter firearm transactions, as they help maintain a comprehensive record of the sales process and ensure compliance with all relevant laws and regulations. It is essential for business entities in Delaware to accurately complete and submit these statements alongside the ATF Form 4473 to conduct lawful and responsible firearm transactions.