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What is the difference between a conversion of company type and a division?

In a conversion of company type, the company transforms into another company type — for example, from a limited liability company into a joint-stock company — while preserving its legal personality. In a division, the company's assets and operations are transferred, in whole or in part, to other companies. Both are transactions governed by Law No. 6102 (Turkish Commercial Code) and serve different purposes.

Updated · July 20261 min readCategory · Transaction Advisory
Short answer

In a conversion of company type, the company transforms into another company type — for example, from a limited liability company into a joint-stock company — while preserving its legal personality. In a division, the company's assets and operations are transferred, in whole or in part, to other companies. Both are transactions governed by Law No. 6102 (Turkish Commercial Code) and serve different purposes.

In a conversion of company type, the company transforms into another company type — for example, from a limited liability company into a joint-stock company — while preserving its legal personality. In a division, the company’s assets and operations are transferred, in whole or in part, to other companies. Both are transactions governed by Law No. 6102 (Turkish Commercial Code) and serve different purposes.

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