Anonim şirketler (joint-stock companies) are a type of business organization where the capital is divided into shares. Each shareholder owns a portion of the company, and their liability is limited to the amount they invested. This structure allows for easier transfer of ownership and raises capital through the sale of shares. In anonim şirketler, management is typically separate from ownership. Shareholders elect a board of directors to oversee the company's operations. This separation helps in professional management and can lead to more efficient decision-making, as the board is responsible for the company's strategic direction.