First of all, if you have an idea or a product you want to sell, you have taken the first step to start. Afterwards, what you need to do is to calculate your steps by acting in a planned manner.

You can start by researching whether there is a demand for this product or service. What makes your product or service different from others? How do you plan to take place in the sector?

You can answer these questions by conducting market research and feasibility studies, analyzing the market situation and determining how you will position yourself. If you look for answers to questions such as who should prefer you and why, you can create a roadmap for yourself.

Don't be afraid to take risks, but don't leave your business to chance either. Make your plan considering situations such as feasibility study, capital risks, invisible expenses, taxes and financial return of investment. Never forget that you have to step on the gas all the way to take off the plane when starting a business, and always remind yourself of your dreams.

After creating your business plan, it is time to choose the type of company that suits you. Before establishing a company, you must decide which one is more suitable for you. There are 3 different company types: Sole Proprietorship, Limited Liability Company (LLC) and Joint Stock Company. If you have information about their features, you can easily decide.

How to Establish a Sole Proprietorship?

The easiest way to establish a company is "Sole Proprietorship". It is the fastest growing and fastest closing company type. A sole proprietorship can be established with the support of an accountant.

Documents Required to Establish a Sole Proprietorship:

• Accountant power of attorney to be obtained from the notary public

• Signature declaration to be obtained from the notary public

• Rent agreement

• Certificate of residence

• Two photographs of the company owner

How to Establish a Limited Liability Company?

While establishing a limited liability company, there must be at least 1 and maximum 50 partners. One of the most important points distinguishing it from a sole proprietorship is the need for a capital of 10,000 TL.

The capital share put by each partner must be 25 TL and its multiples. In addition, while organizing the capital article of the articles of association, the nominal value of the capital shares and the number of shares belonging to the partner must also be specified. The final step is to collect the necessary documents with the accountant.

Documents Required to Establish a Limited Liability Company:

• Incorporation notification form

• Petition

• Notarized contract

• Chamber registration declaration

• Certificate of residence

• Rent agreement

• Receipt showing that the capital has been deposited

How to Establish a Joint Stock Company?

It is a type of company whose capital is determined and divided into shares. It is a company that is liable for its debts only with its assets. Owners of joint stock companies have a fixed tax rate.

Therefore, it would be more appropriate for companies with high income to prefer this type of company. In addition, it is the company type preferred by entrepreneurs who plan to receive investment. You must work with a lawyer during the establishment and subsequent processes.

Documents Required to Establish a Joint Stock Company:

• Petition

• Articles of association approval

• Signature declaration for all partners

• Identification card copy of all partners

• Chamber registration declaration

• Receipt showing that the capital has been deposited

• In customs clearance companies, a notarized customs clearance permit of partners and externally appointed managers authorized in customs procedures must be submitted. In Authorized Customs Clearance companies, a notarized authorization certificate obtained from the Undersecretariat of Customs must be submitted.

• In the event that the parents of a minor company partner or either of the mother/father is a partner in the company, a trustee appointment decision obtained from the court for the minor partner.

• If there are municipalities, other local administrations and their associations among the founders of the company to be established, a copy of the Council of Ministers decision permitting the participation of these organizations is required.

After the establishment of the company, all relevant documents should be filed and stored in an order. The documents that should be included in this file are:

• Official Gazette of establishment

• Signature circular

• Trademark registration

• Patent, if any

• Company information and documents

• Receipts, registrations, etc. related to the establishment, all documents.

If you have custom made an agreement with a financial advisor, one copy of each should be kept by your financial advisor. In addition, it will be useful to create a contract folder containing the contracts of the people and organizations you have made contracts with.

We cannot pass without giving an important information. If you want to do e-commerce in marketplaces, these marketplaces plan to oblige sellers to establish a company. We advise you to be prepared for this.

We also know that the procedures of establishing a company and shipping abroad are quite laborious and time-consuming processes.

Therefore, in cooperation with Navlungo and WorqCompany, we aimed to establish an easy system for you. When you want to establish your company, you can apply to WorqCompany. Moreover, you can get a 10% discount on company establishment as a Navlungo user.