What are the differences between Limited Company and incorporated company?

Limited Company is established by two or more real or legal persons under a trade name; It is the type of company whose responsibilities are limited to the capital they undertake to put in and whose basic capital is certain. Its minimum capital is 5,000,00 YTL. It cannot issue securities such as stocks and bonds, it cannot engage in intermediary activities,

Limited Company is established by two or more real or legal persons under a trade name; It is the type of company whose responsibilities are limited to the capital they undertake to put in and whose basic capital is certain. Its minimum capital is 5,000,00 YTL. It cannot issue securities such as stocks and bonds, it cannot engage in intermediary activities, it cannot be established as a holding, it may provide insurance intermediation services, but it cannot engage in banking and insurance, it cannot deal with finance, factoring, financial leasing, and it cannot act as a capital market institution. cannot work, cannot be a partner in ordinary companies, collective, limited partnership companies and cooperatives, cannot establish associations and unions, cannot be a member.

Incorporated Company consists of at least five real or legal persons, has a title, has a certain capital and is divided into shares, and is liable for its debts only with its assets; It is a type of company where the liability of the partners is limited to the capital shares they have committed. The minimum capital is 50.000.00 YTL. It can do finance, factoring, financial leasing or work as a Capital Markets Institution.