How to Transfer a Domain Name Easily
If you have decided to transfer your domain name, there are few things you need to know in order to make a smooth transition in one management to another.
First, you'll need to have a registrar in mind to which you want to transfer. Knowing ahead of time ensures you're clear on all of the registration regulations and you don't end up creating a mountain out of a mound during the move process. You'll then need to apply for a transfer in the new registrar - usually this is as easy selecting the "Transfer" option on the website. They'll then contact the administrator of your present domain. Be sure that the contact information for the administrator is up-to-date and accurate.
At this juncture there's a waiting game. The administrator has to accept the request in the new registrar - to authenticate the transfer. When the administrator doesn't respond with an acceptance within 5 days, your new registrar will assume the request was rejected and you will be in limbo. Your administrator should accept the actual request. A rejection means one of three points:
1) the contact info you provided is inaccurate or no more in use,
2) your domain is involved with a legal dispute, or
3) you're dealing with bankruptcy.
After the request has been accepted, you've essentially made an effective transfer. The actual time it takes for your website name to be transferred to your new registrar is generally around 10 business days; however, the time differs on registrar.
Keep in mind, in order to even consider transferring your name it must've been active for a minimum of 60 days. If this is the decision you have to make, don't worry. It's not a lengthy lawsuit process. Your only concern is the success of the website.