In the eyes of the law, a limited company is a separate entity from its owner. In a sole proprietorship, individuals are view 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 special database image, limit companies are more prestigious and make them look professional. This means that a limit 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 limit companies are seen as a safe business.
How to Establish a Company?
Once you have decide which type data analysis and compilation of company is right for you for your dream business and determine 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:
1. Establishing a Capital Company
We can consider Capital Companies 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.
Compare to other types of hindi directory companies, establishing a joint stock company is more costly and a longer journey.
If you are wondering how it is establish, what it is and what kind of return it brings, it should be prefer by those who will enter into economic activities to ensure high capital accumulation. Joint Stock Companies can be establish 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 about the establishment of sole proprietorships, which are preferred for commercial activities with lower turnover, in our relevant article.
