Can independent accountants continue the commercial activities of hereditary enterprises? (In Turkey)
I am currently continuing my professional activity under the title of freelance accountant. My father, who is very old and has bus operating line. In the event of my father’s death, this commercial bus will be inherited to me. In this case, how will I continue my commercial and professional activities?
According to professional legislation, members of the profession cannot TRADE. There is no exceptional case for inheritance.
Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
