Status: Unreviewed
Transferring Your Business
Rules and processes for position transfers.
Transfer Rules
Position transfers are:
- Restricted — Not freely transferable
- Require approval — Company must consent
- Limited circumstances — Only specific situations
- Not "sales" — Cannot transfer for payment
When Transfers May Be Allowed
| Situation | Transferable? |
|---|---|
| Death | Yes, to estate/heir (with approval) |
| Incapacity | Possibly, to family (with approval) |
| Entity conversion | Yes, same owner (with approval) |
| Sale to third party | No |
| "Giving" to friend | No |
Death Transfers
If an IA passes away:
| Step | Action |
|---|---|
| 1 | Estate notifies company |
| 2 | Death certificate provided |
| 3 | Beneficiary identification |
| 4 | Transfer application submitted |
| 5 | Company review and decision |
| 6 | If approved, position transfers |
Beneficiary Requirements
- Must meet IA eligibility
- Must accept IA Agreement
- May need to complete KYC
- Subject to approval
Entity Conversion
Changing how you operate (e.g., individual to LLC):
| Step | Action |
|---|---|
| 1 | Submit transfer request |
| 2 | Provide entity documents |
| 3 | Confirm same beneficial owner |
| 4 | Complete KYB for new entity |
| 5 | Position transferred to entity |
Transfer Process
Step 1: Submit Request
Contact company with:
- Current account details
- Reason for transfer
- Proposed transferee information
- Supporting documentation
Step 2: Provide Documentation
| Situation | Documents |
|---|---|
| Death | Death certificate, will/estate docs |
| Incapacity | Medical documentation, power of attorney |
| Entity change | Formation documents, ownership proof |
Step 3: Company Review
Company evaluates:
- Eligibility of transfer
- Transferee qualifications
- Compliance with terms
- Approval or denial
Step 4: Execution
If approved:
- Position transferred
- Downline intact (usually)
- New party assumes responsibilities
- Old party's relationship ends
What Doesn't Transfer
| Item | Transfer? |
|---|---|
| Unpaid commissions | May or may not |
| OCA balance | Per terms |
| Rank | May need requalification |
| Pending issues | Resolved first |
Processing Time
| Stage | Time |
|---|---|
| Request review | 1-2 weeks |
| Document review | 1-2 weeks |
| Decision | 1-4 weeks |
| Execution | 1 week |