How to transfer ownership of your company?

Transferring ownership of a company is a simple yet effective feature that supports dynamic team structures and evolving leadership roles.

This guide will walk you through the process, ensuring a smooth transition to keep your business planning efforts uninterrupted and effective.

NOTE: A person should be a current member of the particular company whose ownership you wish to transfer.

Steps to Transfer Ownership of a Company,

1

Log into your account and choose the company you want to transfer ownership.

2

Click on the Setting option.

3

After that, choose Transfer Ownership.

NOTE: Only the company owner has the permission to transfer the company ownership. Any invited members (collaborators or viewers) will not have the ability to do it.

4

Next to the chosen member’s name, you will find an option or icon (such as "Make Owner" or a similar designation).

Click on Transfer Ownership to initiate the transfer process.

NOTE: Before transferring ownership of the company, ensure that the new owner is already a member of the company. Only existing members of your company can be designated as the new owner, See how to invite a member.

5

Once you've clicked on Transfer Ownership, the newly invited owner or member will receive an email notification prompting them to accept the company ownership as below: 

They can finalize the transfer by clicking on "Activate Company" in the email, at which point the company ownership will be officially updated.

NOTE: For the invited member or new owner to successfully gain ownership of the company, they must have available space for a new company in their account, which requires being subscribed to a relevant subscription plan. If their account is not subscribed or lacks the necessary space, they will not be able to access or take ownership of the company.

By following these steps, you can ensure that your business planning efforts remain uninterrupted and adaptable to your team’s needs. Whether you’re passing on the torch due to changes in roles or restructuring your planning approach, We make the transition smooth and straightforward.