Limited company is one of the capital companies regulated in the Turkish Commercial Code. As a rule, limited liability company partners are responsible for the amount of capital they have committed to the company. However, there is an exception to this rule when it comes to public debt.
Since tax and SGK premium debts are also public debts, the responsibility of the partners of the limited company will come to the fore.
In Turkish legislation, it is accepted that the partners of limited companies are responsible for public debts in proportion to their shares in the company. As a matter of fact, this situation shows that company partners are responsible for tax and SGK premium debts in proportion to their share.
Another exception applies to limited company directors. If a person is the director of a limited company, it is responsible for all the public debts of the company. In this case, the limited company manager is obliged to pay all of its tax and SGK premium debts.
Comments