In the event of death of a private trader, it must be noted that business activity may continue even though the entrepreneur passes away. Necessary business-related transactions, like VAT payments and payment of invoices for subscriptions and orders placed prior to death, must be able to be made from the account of the death estate. Also, financial statements for the current financial year must be prepared despite the death of the entrepreneur (see Corporate account access rights). Even though the access rights have been removed, invoices can be paid from the account either at a bank branch or via digital services. When paying invoices, it must be ensured that the account is not overdrawn. The deceased's personal bills can also be paid from the company's account.
The services for receiving and sending e-invoices are cancelled automatically by the date-of-death service. As a distributee of the death estate, you receive details of all valid e-invoice senders so that you can notify them that any possible future invoices must be sent in paper copies.
In the case of a private trader's death estate, the customer relationship may remain under a business ID for as long as there is any business activity. When business activity ends and an estate inventory deed has been drawn, the services are terminated. In this connection, also the business's Corporate Agreement for Digital Transactions is terminated. In the case of a jointly owned account, the Corporate Agreement for Digital Transactions will remain valid, but the deceased's user ID is removed.
Corporate account access rights
Access rights are removed, as normally, from death estates, but for the purposes of bookkeeping and preparation of financial statements, it is essential that a possible accountant can receive a bank statement for the company's accounts through the right to obtain information. Therefore, one of the distributees of the death estate (without needing a power of attorney from the other distributees) can authorise an accounting firm with the right to obtain information and receive bank statements for the company's accounts for the period between the date of death and estate inventory. After the estate inventory, the distributees will decide jointly on possible access rights.
Light entrepreneur
Email the certificate from the population register, showing the date of death, to asiakaspalvelu@op-kevytyrittaja.fi. Once we have received the certificate from the population register, we can terminate existing services and the business ID. At the same time, we will prepare any required tax returns and deliver them to the tax authorities. If the death estate is left with any declaration or other responsibilities, we will notify about those separately by email.