Limited Partnership Company
Limited partnership companies divide the partnership into two parts, the first part is an ordinary limited partnership, and the second is a partnership with a capital divided into shares
Ordinary limited partnership companies are privately owned, while limited partnership companies with a capital divided into shares are capital companies.
One of the most important features of limited partnership companies is that they include limited and unspecified responsible partners together. For example, some partners have limited liability in this type of company, while others have unlimited liability
And this type of company can be established by at least two people, one of whom has limited liability and is called a limited partner or trustee, and the other has unlimited liability and is called a leader.
And persons with limited liability can be natural persons only. As for the leader, he can be a natural person or be a legal person.
The responsibility of the testator (a partner with limited liability) is the management of the company, i.e. the same as a partner in collective companies, and creditors of debt that they cannot cover from the company’s assets may apply to the limited partners.
As for the liability of the leader (the partner with unlimited liability), it is limited to the amount of the capital he has set or committed, and he is not entitled to manage the company.
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