Can public accountants working independently with the title of CPA also become partners in a company that does business?
Professionals who practice their profession freely with the title of CPA can become partners/shareholders in limited or joint stock companies that engage in activities such as trade, manufacturing, brokerage, etc. outside of their profession. However, due to the prohibitions in the professional law; they cannot be a manager in a limited company or a board member in a joint stock company. They also cannot be liquidators in companies that are going into liquidation.
While SMMMs operate independently as freelance taxpayers, they can also be partners and managers in SMMM limited or joint stock companies.
A professional member (CPA) who continues his professional activity as an Income Tax Payer cannot work as a dependent (dependent) with an employment contract, regardless of his title or position, depending on an employer.
A room in the office that is entered from the same door cannot be rented to a taxpayer who will engage in commercial activities. A taxpayer who conducts commercial activities with a CPA cannot continue their activities even if they are in the same office or independent section in a separate room, but a CPA can use the said place jointly with another CPA.
You can be a partner in more than one commercial company as long as you are not a manager or authorized signatory.
CPAs can provide CPA services to the companies they are partners in.
Freelance CPAs cannot be liquidation managers in commercial companies. Since the liquidator represents and binds the commercial company in liquidation, it is within the scope of the trade ban.
Source: Istanbul Chamber of Certified Public Accountants
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