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JOINT-STOCK COMPANY ESTABLISHMENT
JOINT-STOCK COMPANY ESTABLISHMENT: HOW TO ESTABLISH A JOINT-STOCK COMPANY?
A Joint-Stock Company (J.S.C.) is one of the most preferred types of companies for large-scale investments and publicly traded businesses. In this structure, shareholders' liability is limited only to the capital they have committed to the company, and their personal assets are not affected by business debts. Joint-stock companies, which offer a wide capital base and easy share transfer opportunities, provide a safe and prestigious option for investors. Furthermore, they make it possible to raise capital through public offerings and facilitate having a corporate structure.
However, establishing a joint-stock company involves more complex procedures compared to other types of companies. A series of legal and administrative processes are required, such as preparing the articles of association, registering with the trade registry, blocking capital, and handling tax procedures. However, with proper planning and professional support, these processes can be managed easily.
As Özay Muhasebe and Financial Consultancy, we offer professional support in the establishment of joint-stock companies. We inform you about important steps such as legal procedures, required documents, and tax regulations, and provide guidance at every stage.
REQUIRED DOCUMENTS FOR JOINT-STOCK COMPANY ESTABLISHMENT
In the establishment process of a joint-stock company, certain documents must be prepared and legal processes must be completed. Here are the required documents:
IDENTITY DOCUMENTS AND PARTNER INFORMATION
Photocopies of the company partners' identity cards and TC identity numbers or passport information.
ARTICLES OF ASSOCIATION
The articles of association, which contain the company's establishment purpose, field of activity, capital amount, and other details, must be prepared and notarized.
TRADE REGISTER APPLICATION REQUEST
The application request to be submitted to the trade registry office.
TAX IDENTIFICATION NUMBER
The company’s tax identification number issued by the tax office.
BANK CAPITAL BLOCKING LETTER
A document certifying that at least 25% of the company capital has been deposited into a bank account.
ADDRESS-RELATED DOCUMENTS
Lease agreement or a copy of the title deed for the company’s headquarters address.
STEPS IN ESTABLISHING A JOINT-STOCK COMPANY
The establishment process of a joint-stock company requires following specific legal procedures. The main steps to follow in this process are:
PREPARATION AND APPROVAL OF THE ARTICLES OF ASSOCIATION
The articles of association, which include details such as the company’s field of activity, capital amount, and share distribution, are prepared and notarized.
BLOCKING OF CAPITAL
At least 25% of the company capital is blocked in a bank account during the establishment stage, and the remaining 75% can be completed within two years.
REGISTRATION WITH THE TRADE REGISTER
An application is made to the trade registry office, and the company’s official establishment is completed. In this process, the registration certificate and field of activity are recorded.
REGISTRATION WITH THE TAX OFFICE
By applying to the tax office, the tax plate and business identification number are obtained.
COMPANY SEAL PROCUREMENT
The company seal to be used on official documents is prepared.
EMPLOYMENT AND SOCIAL SECURITY PROCEDURES
Employees’ insurance registrations are made, and the company’s SGK procedures are completed.
ADVANTAGES AND DISADVANTAGES OF ESTABLISHING A JOINT-STOCK COMPANY
ADVANTAGES
- Limited Liability: Shareholders are only liable to the extent of their capital shares; personal assets are not at risk.
- Capital and Share Structure: Joint-stock companies offer a broader capital base and easy share transfer options.
- Opportunity for Public Offering: Joint-stock companies can go public through the stock market to raise additional capital.
- Prestige and Reliability: The joint-stock company type provides prestige, especially with international business partners.
DISADVANTAGES
- High Establishment Costs: Establishing a joint-stock company has higher setup costs compared to sole proprietorships and limited liability companies.
- Complex Legal Procedures: Joint-stock companies are subject to more complex legal regulations and require professional support.
- Detailed Management Requirements: The existence of mandatory bodies such as the board of directors makes business processes more detailed.
ESTABLISH A JOINT-STOCK COMPANY WITH ÖZAY MUHASEBE
Due to the complexity of the process, it is important to receive professional support in the establishment of a joint-stock company. As Özay Muhasebe and Financial Consultancy, we provide guidance from start to finish in establishing joint-stock companies:
ARTICLES OF ASSOCIATION PREPARATION
We ensure the articles of association are prepared in accordance with legal regulations.
TRADE REGISTER AND TAX PROCEDURES
We complete all registration processes accurately and swiftly.
CAPIAL MANAGEMENT AND CONSULTANCY
We manage the bank procedures and incentive opportunities during the capital blocking process.
LEGAL PROCESS FOLLOW-UP
We follow all the procedures in the company establishment process on your behalf and complete them safely.
To make your joint-stock company establishment process easier and start with strong steps in the business world, contact us.
Phone: 0 532 261 18 19
Özay Muhasebe - Istanbul Joint-Stock Company Establishment