Capital Company

A capital company comprises joint stock companies, limited liability companies and partnerships limited by shares. It is a type of company in which the partners are as a rule liable only to the extent of the capital they have undertaken, under Article 124 of the Turkish Commercial Code. Companies participating in public tenders are mostly capital companies. Whether a company is a capital company matters for the assessment of work experience certificates, the distinction between company and partner in balance sheet and turnover criteria, the liability of partners, and debarment decisions.