Donald Trump has said he will leave his "great business" in the hands of others in order to focus on running the US as president.
In a series of tweets, Trump said legal documents are being drafted to "take me completely out of business operations", adding: "The presidency is a far more important task."
The president-elect has faced questions over the potential for a conflict of interest between his role in the White House and his business empire.
He added on Twitter: "While I am not mandated to do this under the law, I feel it is visually important, as president, to in no way have a conflict of interest with my various businesses.
"Hence, legal documents are being crafted which take me completely out of business operations. The presidency is a far more important task!"
In a sign that Trump is strengthening Washington's ties to Wall Street, he has nominated former Goldman Sachs banker Steven Mnuchin as treasury secretary.
Billionaire Wilbur Ross, another ex-banker, has been nominated for commerce secretary.
Trump's vast array of business interests takes in property, hotels and golf courses.