cooperatives turkey

What are cooperatives in Turkey ?

Cooperatives in Turkey are legal entities formed by individuals or legal entities (including businesses and associations) who come together voluntarily to collectively address their economic, social, or cultural needs and aspirations. Cooperatives in Turkey are regulated by the Turkish Cooperative Law, which provides a framework for their establishment and operation. Here are some key features…

Partnership Limited by Shares Komandit Anonim Sirket or K.A.S. in Turkey

What is Partnership Limited by Shares (Komandit Anonim Şirket or K.A.Ş.) in Turkey ?

In Turkey, a Partnership Limited by Shares (Komandit Anonim Şirket or K.A.Ş.) is a business entity that combines elements of both limited liability companies (Anonim Şirket or A.Ş.) and limited partnerships (Komandit Şirket or K.S.). This unique form of company allows for a flexible business structure where certain partners have limited liability (shareholders) while others…

Simple Commandite Company Turkey

What is a Simple Commandite Company (Kollektif Şirket) in Turkey ?

In Turkey, a Simple Commandite Company (Kollektif Şirket) is a type of partnership structure that combines elements of both general partnerships (Kollektif Şirket) and limited partnerships (Komandit Şirket). A Simple Commandite Company in Turkey is a business entity formed by two or more individuals or legal entities (natural persons or corporations) who come together to…

llc turkey

Payroll Tax Rates, Conditions, and Definitions for a Limited Liability Company (LLC) in Turkey

Running a Limited Liability Company (LLC) in Turkey comes with various financial responsibilities, one of which is managing payroll taxes. Payroll taxes are a crucial part of every business’s financial obligations, as they contribute to social security and other government programs.  This article provides an overview of payroll tax rates, conditions, and definitions specific to…