Changing ownership of limited company
I'm, Hello, I'm the owner, director and only shareholder of my limited company. and I am considering selling my company as I'm a brand owner, and my products are trademarked, etc.
Does anybody have experience in the process?
I have found the following on my account details:
Please read the agreement below carefully
Process Agreement
To change your account’s legal entity:
You and the new legal entity will need to sign a transfer agreement to accept the terms and conditions
The new legal entity will be required to complete an account verification process
You may need to provide us with documents for the new legal entity
During the legal entity change process:
Your listings will be temporarily suspended
Disbursements to your account will be suspended and will transfer to the new legal entity once finalized
You will sign out after accepting the terms and conditions to allow the new legal entity to re-sign in and complete the process.
.This seems a bit unfair, I'm in the supplement niche, and the fact the listing will be suspended during this process doesn't make sense. Also it doesnt tell how long is the process.
Maybe the new buyer would be better off setting up the new seller account, listing my product as a second seller and me closing my account.
It seems much better way
Any thoughts?
thank You in advance
Changing ownership of limited company
I'm, Hello, I'm the owner, director and only shareholder of my limited company. and I am considering selling my company as I'm a brand owner, and my products are trademarked, etc.
Does anybody have experience in the process?
I have found the following on my account details:
Please read the agreement below carefully
Process Agreement
To change your account’s legal entity:
You and the new legal entity will need to sign a transfer agreement to accept the terms and conditions
The new legal entity will be required to complete an account verification process
You may need to provide us with documents for the new legal entity
During the legal entity change process:
Your listings will be temporarily suspended
Disbursements to your account will be suspended and will transfer to the new legal entity once finalized
You will sign out after accepting the terms and conditions to allow the new legal entity to re-sign in and complete the process.
.This seems a bit unfair, I'm in the supplement niche, and the fact the listing will be suspended during this process doesn't make sense. Also it doesnt tell how long is the process.
Maybe the new buyer would be better off setting up the new seller account, listing my product as a second seller and me closing my account.
It seems much better way
Any thoughts?
thank You in advance