Type of Legal Entities in Turkey

There are several types of legal entities that can be established in Turkey, including:

1. Limited Liability Company (LLC): This is the most common type of company in Turkey. It is owned by one or more shareholders and the shareholders are only liable for the company’s debts up to the amount of capital they have invested.
2. Joint Stock Company (JSC): This type of company is owned by shareholders, who are liable for the company’s debts up to the amount of capital they have invested. The shares of a JSC can be traded on the stock exchange.
3. Cooperative: This type of company is owned and controlled by its members, who are usually individuals or small businesses. Cooperatives are typically established to provide mutual benefits to their members.
4. General Partnership: A general partnership is a type of partnership in which all partners are jointly and severally liable for the partnership’s debts.
5. Limited Partnership: A limited partnership is a type of partnership in which there are one or more general partners who are jointly and severally liable for the partnership’s debts, and one or more limited partners who are only liable for the partnership’s debts up to the amount of capital they have invested.
6. Sole proprietorship: A sole proprietorship is a business owned and run by one person. The owner has full control over the business and is personally liable for all debts incurred by the business.

It’s important to note that the specific requirements and process of setting up each type of company may vary. It’s advisable to seek legal and financial advice before starting the process and also check for any recent changes in the regulations, as the laws and regulations of establishing a company in Turkey may change from time to time.