Change of Company Type
"Does changing the company type affect existing contracts?"
Quick Answer
A legal process where a company changes its corporate form (e.g., from a Limited Company to a Joint-Stock Company) without undergoing liquidation, preserving its legal continuity.
Scope and Legal Distinctions
A statutory conversion changes company type through a corporate procedure, rather than selling each asset individually. Whether the proposed conversion is permitted and what reports are needed must be checked.
What to Check in Practice
Prepare the conversion plan, opening balance sheet, required reports, approvals and registry filings; review creditor and employee consequences.
Sources & Authorities
Statutory framework and official guidance for this definition.
Need Expert Legal Guidance?
Our experienced attorneys can help you navigate change of company type under Turkish law.
Schedule a Consultation