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Business Separation

Handling divorce, dissolution, and court-ordered separations of IA positions.

Overview​

When an IA position is held jointly or when life circumstances change (divorce, partnership dissolution), specific procedures apply to separate or reassign the position.

Reference: P&P Section 2.7

Types of Separation​

  • Divorce — Marriage dissolution affecting jointly-held position
  • Partnership dissolution — Business partners separating
  • Court-ordered — Legal mandate to divide assets
  • Mutual agreement — Parties agree to separate position

General Principles​

  • One position — An IA position cannot be split into two
  • Assignment required — Position must be assigned to ONE party
  • Company approval — All separations require company consent
  • Documentation — Legal documents required

Divorce Procedures (P&P 2.7)​

Step 1: Notify the Company​

Step 2: Provide Documentation​

  • Divorce filing — Proof proceedings initiated
  • Settlement agreement — Shows asset division
  • Court order — If position specifically addressed
  • Final decree — When divorce finalized

Step 3: Position Assignment​

The position will be assigned based on priority:

  1. Court order specifying assignment
  2. Written agreement between parties
  3. Party who originally enrolled
  4. Company discretion

Step 4: Non-Assigned Party​

The party NOT receiving the position:

  • Cannot re-enroll — 6 months from separation date
  • Cannot enroll under former spouse — Permanently
  • May enroll under different sponsor — After waiting period

Partnership Dissolution​

When business partners who jointly hold an IA position separate.

Process​

  1. Submit written notice of dissolution
  2. Provide partnership dissolution agreement
  3. Indicate which partner retains position
  4. Non-retaining partner signs release

Assignment Rules​

  • Agreement between partners → Per agreement
  • No agreement → Original enrolling partner
  • Dispute → Company makes determination

Business Entity Dissolution​

If the IA position is held by an LLC/corporation being dissolved:

  1. Notify company of entity dissolution
  2. Provide dissolution documents
  3. Request transfer to individual or new entity
  4. Complete transfer application

Court-Ordered Separations​

When a court mandates division of the IA position.

Company Compliance​

  • Court order received → Review and comply
  • Order specifies recipient → Transfer to named party
  • Order silent on position → Follow standard procedures

Required Documents​

  • Certified court order — Required
  • Identification of parties — Required
  • Proposed assignment — Required
  • Recipient's IA application — If new to company

Timeline​

  • Court order receipt — Document immediately
  • Review — 5-10 business days
  • Implementation — Within 30 days of final order

Commission Handling During Separation​

Pending Commissions​

  • Pre-separation earnings — Paid per original account setup
  • Post-separation earnings — Paid to assigned position holder
  • Disputed period — May be held pending resolution

Wallet Balances​

  • Primary Wallet balance — Transfers with position OR per agreement
  • Bonus Wallet balance — Transfers with position
  • Pending CSR — Transfers with position

During Proceedings​

  • Account may be frozen — Pending resolution
  • Withdrawals may be restricted — Until assignment determined
  • Commissions continue accruing — To the account

Waiting Periods​

Non-Assigned Party Re-Enrollment​

  • Divorce — 6 months
  • Partnership dissolution — 6 months
  • Court-ordered separation — Per court order or 6 months

Restrictions​

  • Cannot enroll under former spouse/partner — Permanent
  • Cannot enroll in former downline — Permanent
  • Must enroll under unrelated sponsor — Required

Dispute Resolution​

If Parties Disagree​

  1. Submit respective positions in writing
  2. Provide supporting documentation
  3. Company reviews and determines
  4. Decision is final

Company Discretion​

The company may consider:

  • Who originally enrolled
  • Who has been primarily active
  • Written agreements between parties
  • Equity and fairness
  • Legal requirements

Appeal​

  • Timeline — 15 days from decision
  • Basis — New evidence only
  • Final — Appeal decision is final

Special Situations​

Death During Separation​

If one party dies during separation proceedings:

  • Before final order → Estate and surviving party negotiate
  • After assignment → Assigned party retains

Bankruptcy​

  • One party bankrupt → Trustee may have claims
  • Position as asset → Company cooperates with legal process
  • Assignment → Per bankruptcy court direction

International Divorces​

  • Jurisdiction — Laws of divorce jurisdiction apply
  • Recognition — Company recognizes valid foreign orders
  • Translation — Certified translations required

Required Forms​

Separation Request​

Submit to compliance@corsairconnect.com with:

  • Account holder name(s) — Required
  • Account/IA ID — Required
  • Type of separation — Required
  • Proposed assignment — Required
  • Contact for each party — Required

Supporting Documents Checklist​

  • Legal filing (divorce petition, dissolution notice)
  • Settlement agreement (if applicable)
  • Court order (if applicable)
  • Identification for both parties
  • New IA application (if recipient not current IA)
  • Signed release from non-assigned party

Processing Timeline​

  • Initial review — 5 business days
  • Document verification — 5-10 business days
  • Decision — 10-15 business days
  • Implementation — 5 business days
  • Total — 4-6 weeks

Complex cases may take longer.

Contact​

For separation matters: