transfer of interest is possible in business but not in profession and employment. Why?

Asked by disha_42001 | 14th Apr, 2018, 02:46: PM

Expert Answer:

Transfer of interest or we can say ownership is possible in case of business as you can transfer your business to any other person with some legal formalities, if applicable. On the other hand, in case of profession, you can not transfer your professional certificate to someone else. For example, a doctor can not transfer his doctorate degree to someone else and make him a doctor. Similarly, in case of employment, an employee can’t transfer his job to any other person. 

Answered by Vanita Rana | 16th Apr, 2018, 10:45: AM

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