After Company Formation in Türkiye: How to Make the New Entity Operational

A registered company is not yet an operating company. The first 60–90 days should turn the legal entity into a controlled finance, payroll, reporting and people environment.

1. Establish finance ownership immediately

Define who owns statutory accounting coordination, management reporting, payments, collections, cash forecasting, expense control and the monthly close. The biggest early-stage risk is not lack of software; it is unclear ownership.

2. Separate statutory reporting from management reporting

The local accounting process answers statutory requirements. Management still needs a reporting view aligned with group or investor decisions: revenue, gross margin, operating expenses, cash, receivables, payables, headcount and forecast.

3. Design bank and payment controls before volume grows

Decide bank users, payment preparers, approvers, limits, emergency access and evidence requirements. This is easier to design when the company is small than to repair after habits are established.

4. Build payroll and HR administration as one process

Hiring creates a chain of dependencies: employment documentation, payroll inputs, approvals, benefits, time/leave processes, personnel files and management reporting. Ownership should be explicit even when parts of the work are outsourced.

5. Recruit the first local roles against the operating model

A new subsidiary may need a Finance Manager, accountant, HR Manager, recruiter, IT support or operations owner—but not necessarily all at once. Define which capability is business-critical in the first six months and which can be shared or outsourced.

6. Create a parent-company/local-company interface

Document which decisions belong locally and which remain with headquarters. Define reporting deadlines, currency conventions, chart-of-accounts mapping, intercompany processes, approval limits and who resolves exceptions.