Company Types under TCC and Alternative Forms

There are corporate and non-corporate forms for companies under the TCC, which states that companies may be established under the following types:

Corporate forms

  • Joint Stock Company (JSC)
     
  • Limited Liability Company (LLC)
     
  • Cooperative Company


Although some financial thresholds (i.e., minimum capital) and organs differ from each other, the procedures to be followed for establishing a JSC or an LLC are the same. Moreover, whereas companies may be established according to these five different types, JSC and LLC are the most common types chosen both in the global economy and Turkey.