Collective companies
This company is established to operate a commercial project under a specific commercial name, and the responsibility of any of the shareholders and there is no limit
Minimum required capital
The collective company can be established with at least two partners, and legal persons cannot be partners in the collective company, i.e. the general assembly. This right is owned by natural persons only.
Also, the company’s shareholders bear unlimited second-degree liability towards the company’s creditors, and each shareholder has the right and duty separately to manage the company, but it can be agreed by the majority of the company’s shareholders that one or several people are appointed to manage the company.
As for the capital, it is not required for collective companies to have any capital
Types of companies in Turkey
Limited companies Ordinary partnership is a privately owned company
A personal company is a type of commercial licensing that is well known in Turkey, and it is the most prevalent among owners Turkish professional and commercial activities
This type of business is typical for small and medium-sized business owners in Turkey
Cooperatives are partnerships with variable and joint ventures founded by real and legal persons in order to provide and protect Specific economic interests of the partners
The capital of the joint-stock company in Turkey is divided into shares, and the liability of the shareholders is limited
This company is established to operate a commercial project under a specific commercial name, and the responsibility of any of the shareholders and there is no limit Minimum required capital
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