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Small or large-scale entrepreneurs establish companies to realize their goals. When it comes to company formation, there are multiple types of companies and entrepreneurs are researching which one to establish. Types of companies; differ from each other in terms of the number of partners, jurisdictions and transaction volumes. Entrepreneurs can choose a company type by considering their trade volume and making an estimation and continue their transactions accordingly. Joint stock companies, which are common in the sector, stand out with their advantageous aspects. Joint stock companies offer a larger and multi-purpose transaction volume compared to other types of companies.

How Much TL Can a Joint Stock Company Be Established?
Joint stock companies can be established for any commercial activity that is not prohibited by law. The establishment process of joint stock companies, in which the majority of the votes in the board of directors are important, is relatively different compared to other types of companies. In order to establish a joint stock company, the entrepreneur must have a capital of at least 50,000 TL. Joint stock companies that start operations after the establishment process is over must be taxed and subject to various payments. You can contact PremiumTax on this subject and access detailed information through experts. In order to establish non-public joint stock companies that accept the registered capital system, the capital must be at least 100,000 TL. The definition of the registered capital system can be said as the name given to the authority ceiling determined by the board of directors for a capital increase.

How Many Persons (Partners) Is a Joint Stock Company Established?
One real or legal person is sufficient for the establishment of joint stock companies, which are frequently preferred by entrepreneurs and business people. Entrepreneurs can establish a joint stock company on their own. It is sufficient for this person to be a legal or natural person. After the joint stock company is established, it also stands out with the number of partners it can host. Limited companies can have a maximum of 50 partners, while joint stock companies can have up to 500 partners. If the number of partners in joint stock companies exceeds 500, the company is subject to the regulations of the Capital Markets Board. The crowdfunding system can be shown as an example for such entrepreneurs and the start-up community. A few years ago, joint stock companies should have had at least 5 partners in order to be established. With the new legal regulation, joint stock companies can now be established by a single person with a capital of 50,000 TL and can have up to 500 partners. Entrepreneurs can establish a joint stock company on their own in a short time by making the necessary applications, filing the necessary documents completely and submitting them to the relevant institutions. It is recommended that you seek advice or counseling from an expert in company establishment.3

In How Many Days Is A Joint Stock Company Established?
There is no specific timeframe in the establishment process of joint stock companies, as in other types of companies. Joint stock companies can be established in a maximum of one week on average. The establishment procedures of joint stock companies consist of many details. The sooner the documents required for the establishment of the company can be prepared, the less time the establishment of the company will take. After all the stages are completed completely and correctly, the joint stock company is established and the company becomes a registered business in the trade registry. After the establishment process of the company is over and the company starts its commercial activities, the company is subject to tax and various payments. It is important that you seek advice from an expert financial advisor on this subject.