Share Transfer in Limited and Joint Stock Companies.  When comparing “Share Transfer in Limited Liability Companies” versus “Share Transfer in Joint Stock Companies,” it is vital to recognize that LLCs and JSCs are distinct legal entities under the TCC. LLCs (Turkish: “Anonim Şirket” for JSC; “Limited Şirket” for LLC) differ primarily in terms of flexibility, share structure, and transfer formalities. In an LLC, shares are not divided into capital stock but are represented as quotas (Turkish: “pay”). In contrast, JSCs issue capital stock...