Pacess wellness partnership as a Corporation or Limited Liability Company (LLC) Pacess wellness partner recognizes that there may be certain advantages to operating a Pacess wellness partnership as a corporation or as a limited liability company (LLC). Any Distributor who wishes to operate his or her Pacess Wellness partner Pacess wellness partnership as a corporation or LLC must get prior approval from Pacess wellness partner and comply with the following requirements and conditions
Submit a request to assign your Pacess wellness partnership to the Pacess wellness partner Legal Department (email info@Pacess .in); as of the date of the request, the Distributor must have been at the Regional manager level for at least six (6) months
The corporation or LLC must be owned 100 percent by the individual Distributor (and Co-Applicant, if applicable)
The sole business purpose of the corporation or LLC must be the operation of a Pacess wellness partner Pacess wellness partnership pursuant to the Policies. A Pacess wellness partnership may not be transferred into an existing corporation or LLC that conducts any other business
No change in the ownership structure of the corporation or LLC may be made without the prior written approval of the Pacess wellness partner Legal Department
The name of the corporation or LLC may not be the same or similar to any Pacess wellness Partner trademarks, service marks, product names, logos, slogans, taglines, or any other proprietary name or phrase owned or used by Pacess wellness partner (for questions concerning this requirement, contact the Pacess wellness partner CEO)
The Pacess wellness partnership must remain in an individual’s name (and Co-Applicant’s name, if applicable), and the name(s) of the individual(s) must be present on all marketing materials, business cards, websites, advertising and contact information. The name of the corporation or LLC may not be used on any of the items listed above; and Must receive approval by the Pacess wellness partner Legal Departmen
Upon forming such an entity, the Pacess wellness partnership will remain in the name of the individual(s). The earnings of the Pacess wellness partnership will be reported in the name and tax identification number of the LLC or corporation from the date the Pacess wellness partnership was assigned to the LLC or corporation. If the Pacess wellness Partnership was assigned to an individual for a portion of the year, then the earnings will be reported partially to the individual and partially to the corporation. A business entity formed in connection with a Pacess wellness Upon forming such an entity, the Pacess wellness partnership will remain in the name of the individual(s). The earnings of the Pacess wellness partnership will be reported in the name and tax identification number of the LLC or corporation from the date the Pacess wellness partnership was assigned to the LLC or corporation. If the Pacess wellness Partnership was assigned to an individual for a portion of the year, then the earnings will be reported partially to the individual and partially to the corporation. A business entity formed in connection with a Pacess wellness
A Distributor may obtain third party insurance coverage for Distributor business activities.Please refer to the Distribut or Website for the most current information about insurance coverage offerings to protect a Pacess wellness partnership.
Pacess wellness partner maintains product liability insurance to protect against certain product liability claims, as long as the Distributor is storing, marketing and selling Products in accordance with applicable laws, regulations and the Policies. Product liability policy coverage excludes claims that arise as a result of a Distributor’s mis conduct in storing, marketing or selling Products. Additionally, claims that arise out of any Products purchased on a website other than an official Pacess wellness partner Distributor Website are excluded from this coverage.
A Distributor understands that while traveling to or from Pacess wellness partner-related meetings, events, activities, Workshops, retreats, incentive trips, or other gatherings, the Distributor does so as a part of his or her own independent business and not in any manner as an employee, agent, or functionary of Pacess wellness partner. This assumption of risk is not affected by whether or not the Distributor’s attendance may be based in whole or in part by invitation from, or agreement with, Pacess wellness partner to attend. The Distributor assumes all risk and responsibility for such travel.
