The Account Transfer form serves as a pivotal document for Wellness Advocates looking to change ownership of their distributorship, a process involving various considerations outlined in the form's structure and the policy manual it references. This form not only facilitates the legal transfer of distributorship assets, which could range from claims to compensation to the satisfaction of contractual obligations but also sets forth specific conditions under which the transfer is recognized and approved by the company. For instance, it mandates the prior written consent of the company for the transfer to be acknowledged, thus ensuring oversight and adhering to the contractual and legal framework established. Besides, the form highlights crucial terms and conditions for both the transferor and the transferee, which include understanding the implications of the transfer, acknowledgment of a possible waiting period for the company's decision, and specific eligibility criteria like the mandatory hiatus from being a Wellness Advocate to avoid conflicts of interest. Furthermore, the form outlines additional stipulations for maintaining the same Wellness Advocate number post-transfer, emphasizing the legal and financial responsibilities entailed. Overall, navigating through this form reveals the complexities and regulatory requirements involved in transferring a Wellness Advocate account, safeguarding the interests of both the company and its advocates.
| Question | Answer |
|---|---|
| Form Name | Account Transfer Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | account transfer form from post office to sbi, account transfer form doterra, doterra account transfer, doterra account online |
ACCOUNT TRANSFER REQUEST
A Wellness Advocate may dispose of, sell, transfer, or otherwise assign his or her Distributorship assets in any manner al- lowed by the Contract and applicable law (including sale, gift, or bequest) with the prior written consent of the Company. Any assets that take the form of claims to compensation or satisfaction of contractual obligations, from or by the Company,
will not be recognized as assets of the Transferee on the records of the Company until the Company has received written notiication of the transfer and has given its formal written approval. The Distributorship transferred is subject to all remedial
measures under the Contract that may have arisen prior to the transfer.
Current Account #
Current Account Holder Name (Transferor)
Applicant Name (Transferee)
Current
TRANSFEROR TERMS AND CONDITIONS
I agree that I have read and understand Section 21.B of the Policy Manual addressing distributorship position transfers. I understand that by signing this form I am terminating my Wellness Advocate account and must wait six months (if Premier rank or lower) or twelve months (if Silver rank or higher) from the oficial termination date to sign up again. I understand I may not have beneicial interest (as deined in Section 4.H of the Policy Manual) in another Wellness Advocate account dur- ing this period of inactivity or the transfer may be deemed invalid. I understand that there may be a waiting period of thirty days before dōTERRA makes a determination regarding this agreement.
Signature of Transferor |
|
TRANSFEREE TERMS AND CONDITIONS
I agree that I have read and understand Section 21.B of the Policy Manual addressing distributorship position transfers. I certify that I am not currently a Wellness Advocate nor have I had any beneicial interest in a Wellness Advocate account for a period of at least six months (if Premier rank or lower) or twelve months (if Silver rank or higher). I agree that this transfer will not be valid, binding or enforceable until I complete, sign and deliver to the Company a Wellness Advocate Agreement, thereby agreeing to the terms and conditions of the Contract. I understand that there may be a waiting period of thirty days before dōTERRA makes a determination regarding this agreement.
Signature of Transferee |
|
|
dōTERRA Representative Approval |
|
Title |
|
Date |
|
© 2013 dōTERRA Intl, LLC, 389 S. 1300 W. Pleasant Grove, UT 84062 USA, www.doterra.com |
|
Account Transfer Request Form_US_EN_032415 |
||||
ACCOUNT TRANSFER REQUEST – PAGE 2
Use this page ONLY if you want to keep your same Wellness Advocate number.
OWNERSHIP FORM CHANGE ONLY
I certify that I meet all of the terms and conditions to keep my Wellness Advocate number while transferring the legal ownership from myself to my legal entity. I also agree that I will be responsible for dividing my 1099 between the two legal owners as dōTERRA will only issue one 1099 based on the tax information on ile at
Current Account #
Signature of Transferor (current Wellness Advocate owner) |
|
Signature of Transferee (new entity) |
TRANSFEREE AND TRANSFEROR TERMS AND CONDITIONS
The following terms and conditions will apply to all transfers requested by a Wellness Advocate who wishes to transfer their Wellness Advocate to a controlled entity:
1.Wellness Advocate account is in good standing.
2.The Transferee entity is owned (100%) by the Transferor (or the Transferor and their respective spouse).
3.The Transferor is not a corporation for US income tax purposes
4.List the Transferee as a spouse.
5.Any transfer can be retroactively reversed if it is discovered that the ownership in the Transferee entity has been changed subsequent to the transfer date but prior to the calendar
6.
7.Business Addendum for Transferee must be completed.
8.Copy of Business License for Transferee must be attached.
9.Transferee must submit a new Wellness Advocate Agreement.
© 2013 dōTERRA Intl, LLC, 389 S. 1300 W. Pleasant Grove, UT 84062 USA, www.doterra.com |
Account Transfer Request Form _US_EN_032415 |