SECTION 2: BUSINESS TRANSFERS & SALES

Transferring ownership of a business is allowed but must follow strict procedures to ensure fairness, transparency, and compliance with city regulations. Unauthorized or undocumented transfers may result in loss of ownership or further penalties.

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2.1 – Eligibility for Sale

• Businesses purchased through a monthly subscription cannot be sold or transferred.

• Only businesses purchased via one-time Tebex payments or acquired in-game through legitimate transactions are eligible for resale.

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2.2 – Notification and Approval Process

• All sales must be initiated by opening a Business ticket in Discord.

• The ticket must specify:

  • The business being sold

  • The agreed price (in-game currency only)

  • Names of all parties involved

• Business Management must approve the sale before the transaction is completed.

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2.3 – Currency Restrictions

• Businesses cannot be sold for real-world currency, gift cards, or any out-of-character payments.

• All sales must use in-game currency only. Any real-world transactions are treated as real-world trading (RWT) and will result in permanent bans for all parties involved.

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2.4 – Priority Rights for Co-Owners & Managers

• All active co-owners must be informed of the sale and given first right of refusal to purchase the business.

• If the business has a manager actively running day-to-day operations, they must also be offered priority to buy before external buyers are considered.

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2.5 – Mandatory Business Directory Update

• Once the sale is complete, the seller must submit the new owner’s information via the ticket for Business Management to update the city’s Business Directory.

• Failure to update this information will leave the new owner without recognized rights to manage or operate the business.

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2.6 – Post-Sale Audits and Wipes

• When ownership transfers, the business undergoes a complete financial wipe:

  • All management funds, employee stashes, and shared resources are cleared.

• If the previous owner transfers these cleared funds privately to the new owner, the new owner will face a personal asset audit and possible penalties.

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2.7 – Seller Inactivity After Sale

• If the seller becomes inactive (fails to play) within 30 days of the sale, the buyer may request Business Management review under the Operational Activity rules (Section 5) to ensure the transfer was legitimate and compliant.