Changing Directors on a Market place buisness
Discussion
Looking for advice.
Im having a few issues with a director on one of the businesses im associated with.
We are looking at options for him to leave the business.
I have other shareholders on the business that could take the directors position, How hard is it to change amazon and ebay seller details these days?
I know with amazon its just beneficial owners details, would this cause an account re verification?
With eBay i think i just change the details and they accept it?
Obv all business numbers will stay the same, just address and name.
Any experience?
Im having a few issues with a director on one of the businesses im associated with.
We are looking at options for him to leave the business.
I have other shareholders on the business that could take the directors position, How hard is it to change amazon and ebay seller details these days?
I know with amazon its just beneficial owners details, would this cause an account re verification?
With eBay i think i just change the details and they accept it?
Obv all business numbers will stay the same, just address and name.
Any experience?
Similar process on both now (if managed payments). Just make sure you have the correct documents ready - the exact documents they ask for.
We changed beneficial owners in Amazon recently and supplied the incorrect info a couple times and in fairness it only took about 2hrs from submitting new docs for them to feedback.
If there are any discrepancies they will find it, so get it right. We had issues because we had to supply A of A etc and the company had changed names, but the name on the articles hadn’t been updated. So we ended up having to supply further docs.
If your trading business is owned by a holding company I suggest you make up a “family tree” and have it ready. We had to draw something up that showed the trading company being owned by the holdco then detail all the beneficiary owners of the holdco etc.
I’d undertake the task in the morning on a quiet day, so you have all day to access and moan at customer service if there is an issue.
We changed beneficial owners in Amazon recently and supplied the incorrect info a couple times and in fairness it only took about 2hrs from submitting new docs for them to feedback.
If there are any discrepancies they will find it, so get it right. We had issues because we had to supply A of A etc and the company had changed names, but the name on the articles hadn’t been updated. So we ended up having to supply further docs.
If your trading business is owned by a holding company I suggest you make up a “family tree” and have it ready. We had to draw something up that showed the trading company being owned by the holdco then detail all the beneficiary owners of the holdco etc.
I’d undertake the task in the morning on a quiet day, so you have all day to access and moan at customer service if there is an issue.
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