DOING BUSINESS IN TURKEY
Responsibilities of Managers and
Partners in Companies
Kind of Capital Company
Limited Şirket (Limited Company)
Anonim Şirket (Joint-stock Company)
The liabilities of the Managers and Partners regarding the unpaid debts of the company change of according to the situations of the persons and the company structure. The table below gives an overview of responsibilities.
Limited Company or Joint-stock Company?
Usually, we recommend to our clients to set up a Joint-stock company. Although there are more procedures during the year compared to Limited companies, it is less than Limited companies when evaluated in terms of responsibilities. Also, when it comes to the transfer of partnership shares, the process takes less time as it has fewer procedures than the Limited company and also there is an exception of capital gain tax for joint-stock company.