The Utah Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction is a legal document that accompanies the ATF Form 4473-Part I, which is required for over-the-counter firearm transactions. This statement serves as a confirmation and acknowledgement of the business entity's adherence to state and federal laws regarding the use and possession of firearms. The purpose of the Utah Statement by Business Entity is to ensure that the business entity conducting the firearm transaction is aware of and complies with the regulations and requirements imposed by the state of Utah. This includes verifying that the entity holds the necessary licenses and permits engaging in the sale of firearms and that they will adhere to the appropriate laws and regulations throughout the transaction process. By completing this statement, the business entity is affirming that they will only transfer firearms to individuals who are legally eligible to possess them, as determined by the ATF's background check process. The statement also ensures that the business entity will collect and retain accurate and detailed records of each transaction, as mandated by both state and federal law. There may be different variations or types of this statement in Utah, depending on the specific requirements set forth by the Utah Department of Public Safety or other relevant authorities. It is important for businesses to consult with legal counsel or regulatory agencies to ensure they are using the correct version of the Utah Statement by Business Entity as to Use and Possession of Firearms Involved in Over-the-Counter Transaction — To Accompany ATF Form 4473-Part I. Keywords: Utah Statement by Business Entity, Use and Possession of Firearms, Over-the-Counter Transaction, ATF Form 4473-Part I, Utah Department of Public Safety, Firearms Regulations, Legal Requirements, Firearm Transaction Process.