LEGAL DISCLAIMER

Disclaimer and Limitation of Liability

This Transfer Guide ("Guide") is prepared on 07 May 2025 solely for the benefit of prospective purchasers, sellers, investors, raisers, owners and members in connection with the transfer of accounts, assets or businesses on the Flippa Platform. The transfer guide is based on public information sourced from various global technology platforms and no independent verification of such information has been conducted unless otherwise specified.

The Guide is not intended to be relied upon by any other party, and no representation or warranty is made regarding the accuracy or completeness of the information contained herein. The Guide does not constitute legal, financial, or investment advice, and it is recommended that prospective purchasers, sellers, investors, raisers owners and members consult with their advisors before making any decisions based on this Guide.

In preparing this Guide, we assumed that all provided information from public documents were proper and accurate. However, we have not verified their authenticity or validity. 

We disclaim any liability for any errors, omissions, or defects in this Guide, and we make no representation that the Guide is suitable for any purpose other than as specified above.

Important: This Guide was prepared solely for informational purposes in connection with the potential acquisition and transfer of the businesses it describes, and should not form the basis of, or be relied on in connection with, any investment decision or any contract or commitment whatsoever with respect to a proposed acquisition, transfer or otherwise.

There are risks involved in any transfer. We are not responsible or liable for your acquisition or investment business decisions or results. Factual statements are made based on the data stated and are subject to change.

Flippa makes every effort to ensure that the information contained in this Guide is as accurate as possible. However, we make no claim, promise, or guarantee as to the accuracy, completeness, or adequacy of this Guide and its contents. We expressly disclaim liability for any errors or omissions in the contents of the Guide. Flippa also does not make any representation or warranty, express or implied or statutory, with respect to the contents of this Guide or the transactions contemplated.

Flippa is not in the business of legal, business advisory or business transfer services. By producing this Guide, Flippa does not intend to promote a particular asset/s or encourage or suggest that you proceed to purchase it. Before proceeding with any business or investment decision, please use caution and seek the advice of an independent professional advisor, such as an attorney or accountant.

No person has been authorized to give any information or to make any representations other than as contained in the Guide, and any representation or information not contained herein must not be relied upon as having been authorized by the target or by any of its officers, directors, members or affiliates, or by Flippa. The delivery of this Guide does not imply that the information herein is correct as of any time subsequent to the date stated above. No person other than the target is responsible for this Guide’s contents or has independently verified any information contained in this Report.

Certain information contained in this Guide constitutes  "forward-looking statements," or which can be identified by the use of forward-looking terminology such as “example”, "may," "will," "should," "expect," "anticipate," "project," "target," "estimate," "intend," "continue," or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the transfer may differ materially from those reflected or contemplated in such forward-looking statements. By using this information, you are implicitly agreeing to the terms and conditions outlined as well as the Flippa Terms of Service.

Guide to Transferring Ownership of a Shopify Store

Introduction

Before initiating a transfer, it’s essential to understand the implications and requirements for both internal and external ownership changes:

Key Considerations Before Starting the Process

• Only the current store owner can initiate a transfer.
• Each store has only one owner. Admin roles can differ, but ultimate control lies with the owner.
• For organizations, there must be at least one store; removing the only store deletes the organization.
• Billing responsibility passes to the new owner, even if thresholds haven’t been met at transfer time.
• Permissions may change: Store permissions are retained, but organization-level access may be lost and need review.

Preparations Prior to Transfer

Taking a few preparatory steps ensures a smooth transition for both parties:

Administrative and Financial

• Update business contact information (email, phone, address).
• Export billing and payout history for your records.
• Update billing, payout, and notification email details to the new owner.
• Ensure your Shopify store is up to date and functioning properly.
• Review any contracts, third-party services, and domain ownership for reassignment.

Technical

• If you use Shopify Payments, update associated bank accounts and tax info.
• For third-party payment providers (e.g., PayPal), ensure account ownership is transferred or new details are set.
• If you have Shopify Balance or are using Shopify Capital or Credit, these services may limit your ability to transfer ownership.

 Step-by-Step: Changing Ownership to an Existing User

If the new owner already has a user account within your store or organization:

1. Go to Settings > Users in your Shopify admin.
2. Click the name of the current store owner (you).
3. Under Roles, click the horizontal menu next to Store owner, then select View stores.
4. Choose the store to be transferred.
5. In the Store owner section, click Change ownership.
6. Enter the new owner’s email (must be an existing user).
7. Click Change store ownership and follow the authentication steps.

Step-by-Step: Transferring Ownership Outside the Organization

To transfer ownership to someone outside your store or organization:

1. Go to Settings > General in your Shopify admin.
2. Under Organizations and store transfers, click Manage.
3. Select Transfer store to a new owner outside your business, then click Continue.
4. Authenticate your account if prompted.
5. Enter the email address of the new owner.
6. Click Transfer. The new owner will receive an email to accept the transfer.

For the New Owner

• They will receive an email to Get Started.
• Upon login, they can choose to:
  • Add the store to an existing organization,
  • Create a new organization, or
  • Keep it as a standalone store.

Final Considerations

• Legal Agreements: When selling your store, seek legal help to draft a contract of sale outlining all terms and obligations.
• Data Retention: Make sure to back up important data and identify records you'll need to keep.
• Transition Plan: Onboarding a new owner may take days or weeks depending on the business complexity. Prepare documentation or training if necessary.

For full details, visit Shopify’s guide on changing or transferring store ownership.