1. What is the typical organizational structure of a
company and does the structure typically differ if the company is
public or private?
There are two main different legal forms of a company, the
organizational structure of which has been explained in
Question 2, mostly preferred in Turkey and enacted in
Turkish Commercial Code numbered 6102
("TCC"):
- Joint Stock Company (JSC) –
(Anonim Şirket)
- Limited Liability Company (LLC)
– (Limited Şirket)
A JSC can be established by at least one shareholder with a
minimum capital of TRY 50,000. Its capital is divided into shares,
the company is liable for its debts up to its assets and the
shareholders are liable only towards the company itself up to the
subscribed capital. Therefore, the shareholders are not responsible
for the debts in terms of their personal assets.
