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Company & trade

Short, plain and current articles on tax, payroll and company life.

Featured articleCompany & trade8 October 20263 min read

Sole proprietorship or limited company?

Formation cost, tax rates, taking profit out, liability, social security and accounting burden; at what profit level does a limited company become worthwhile?

In brief

A sole proprietorship is cheaper and faster to set up; liability is unlimited.
If all profit is taken out, a sole proprietorship is cheaper for tax at most profit levels.
If profit stays in the business for investment, the limited company's 25% rate stands out.

Company & trade5 October 20263 min read

Young entrepreneur income exemption 2026: TRY 400,000, conditions and common mistakes

A TRY 400,000 annual income exemption for three years for entrepreneurs under 29 who become taxpayers for the first time; who qualifies, who does not, and why the Bağ-Kur support ended.

Setting up a limited company in Istanbul in 2026

Documents, steps, timing and official cost items; when is the capital paid, and what needs doing in the first month after formation?

How to choose a NACE code and what it affects

The activity code chosen at formation; VAT rate consistency, SGK hazard class, health and safety, licences and incentives; risks of a wrong code and how to change it.

Business opening and operating licence: step by step

The difference between sanitary and non-sanitary establishments, applying to the municipality, documents required, fire report and occupancy permit, timing and consequences of operating without a licence.

Balance sheet basis or single-entry bookkeeping?

The 2026 thresholds that decide the type of books for sole proprietorships, differences between the two systems, rules for switching and voluntary balance sheet basis.