Based on all the horror stories I had read from other developers, I really thought I got out easy submitting Tea Time! It only took a week and a half to approve, there were no complications, and I was able to change to a company status half way through.
I guess I really got out too easy and Apple had to remedy that. Today I found that Tea Time! shows up in the App Store listings, but it’s unavailable when you try to buy it. When I looked in the app management site, much to my surprise, Tea Time! was listed as “Pending Contract”.
What I thought was a relatively fast switch from individual to a company status, just propagated through their database and cancelled my previous contract. So I had to enter all the banking and tax information (exactly the same as before) and wait for the bureaucracy to approve it. So it looks like Tea Time! is going to be out of commission for a few days (or weeks or months?).
It really blows because it will kill whatever little momentum it had. Boy am I glad I went through this now and not with my other project!