Form 1 approved on 11 Feb 08. 46 days total time including weekends, holidays, and the occasional what-ever the reason to take a day off day. Mine was for an LLC though.
When I spoke with the NFA person, his first question to me was "when was the check cashed"? This could mean that if your check is cashed, your Form 1 will be approved, it just takes time to get the signature done and the tax stamp affixed. I do not know if the tax stamp is affixed by the ATF or the IRS or some other dept within Treasury. The regulations that the ATF follows for the return of a Form 1 if DISAPPROVED states that the original form of payment must be returned with the paperwork stating the reason the Form 1 was disapproved. So it stands to reason that by the time the ATF cashes the check, the decision for approval has already been made.
I again pose the question to anyone who has had a Form 1 disapproved. Did you get your original form of payment (check, MO, other) back or some other form of payment such as a Treasury check?