Business: GEMI registry, accountant, succession
If the deceased had a sole proprietorship or a stake in a company, coordinate immediately with the business's accountant: what continues, what stops, and what must be declared to the GEMI business registry and the tax office. Succession decisions carry legal consequences — don't make them without advice.
Steps
- Contact the business's accountant as soon as possible.
- Map out pending matters: staff, suppliers, leases, debts.
- Declare the change to GEMI and AADE with the help of an accountant and a lawyer.
Documents usually needed
- Death certificate
- Tax documents
Frequently asked questions
What happens to a sole proprietorship when the owner dies?
A sole proprietorship is tied to the person of the deceased — the heirs decide whether to continue it (through new procedures) or declare it closed. Filings to GEMI and AADE must be done with the business's accountant.
Are company shares inherited?
It depends on the company type and its articles — some provide for automatic succession, others a buy-out right for the remaining partners. This is purely a legal matter: lawyer and accountant together, before any decision.
The deadlines and details of this process change and vary case by case. Confirm them with a lawyer or notary — this guide provides administrative guidance, not legal or tax advice.
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