In the eyes of the law, a limited company is a separate entity from its owner. In a sole proprietorship, individuals are viewed as a single entity.
Because a limited company is a separate entity, it can enter into contracts and is responsible for all business transactions. A limited company director is not liable for the actions of the company other than his or her shares in the company.
Prestige
When it comes to business risks involved in the service outsourcing process image, limited companies are more prestigious and make them look professional. This means that a limited company is more likely to attract customers and investors than other business structures. It is even easier to get a loan from a bank as limited companies are seen as a safe business.
Once you have decided which type of company is right for you for your dream business and determined your capital amount, you can now move on to the establishment phase. However, since establishing a company will vary depending on the type of company, you need to follow a different procedure for each type of company.
If we need to examine the companies in 2 groups as Capital Companies and Personal Companies:
Establishing a Capital Company
We can consider Capital Companies of 2016 for his tremendous sporting successes as “Limited Companies and Joint Stock Companies, and Limited Partnerships with Shares. In order to establish a Limited Company, the main capital amount must be at least 10,000 TL and the number of partners must not exceed 50.
Compared to other types of companies, establishing a joint stock company is more costly and a longer journey.
If you are wondering how it is established, what it is and what kind of return it brings, it should be preferred by those who will enter into economic activities to ensure high capital accumulation. Joint Stock Companies can be established by at least 5 legal or real persons and the main capital amount is at least 50,000 TL. In Limited Partnerships with Shares, if there is no difference in the company rules, it operates with the provisions of Joint Stock Companies.
Establishing a 2nd Party Company
You can find all the details whatsapp database brazil about the establishment of sole proprietorships. Which are preferred for commercial activities with lower turnover, in our relevant article.
Documents Required to Establish a Company
The documents you need to obtain to establish a capital or sole proprietorship company are as follows:
Required Documents for Joint Stock and Limited Companies
The documents required to establish a Joint Stock Company and Limited Company are as follows:
- Residence documents for all partners
- Photocopy of identity cards of all partners
- 3 passport photos of all partners
- Address and lease agreement or title deed photocopy of the place where you want to establish your company
- The title of the company you plan to establish
- The amount of capital you have determined for your company, provided that it is not less. A than 10,000 TL for a Limited Company and 50,000 TL for a Joint Stock Company.
- Determination of capital shares and rates of all partners
- Determination of your company’s representatives
