A legal entity is an entity that has legal personality, giving it legal rights and obligations including allowing it to enter into contracts, own property, and to sue and be sued. A legal entity may be created in order to engage in business activities, charitable work, or other activities. Most often, legal entities in business are formed to sell a product or a service. There are many types of legal entities defined in the legal systems of various countries. These may include corporations, cooperatives, charities, partnerships, sole traders and limited liability companies, although not all of these may be legal entities in all jurisdictions. The specific rules vary by country and by state or province. Some of these types are listed below, by country.
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👉 A.Ş. in the context of BMC (Turkey)
BMC Otomotiv Sanayi ve Ticaret A.Ş. (English: BMC Automotive Industry and Trade A.Ş.), doing business as BMC Otomotiv and BMC (Turkish pronunciation: [beː meː ˈdʒeː]), is one of the largest automobile manufacturers in Turkey. Its products include commercial trucks, buses, military trucks and armoured vehicles (including tanks). The company was founded in 1964 by Ergün Özakat in partnership of British Motor Corporation which held a 26% stake. It was purchased by Çukurova Holding in 1989, and seized by the Turkish government's TMSF (Turkish Savings Deposit Insurance Fund) in 2013. BMC has been taken over with a final bid of TL 751M, by a partnership of 51% Turkish side (Ethem Sancak and Talip Öztürk) and 49% Qatari side (QAFIC – Qatar Armed Forces Industry Committee).