{"id":12642,"date":"2026-05-15T05:56:50","date_gmt":"2026-05-15T05:56:50","guid":{"rendered":"https:\/\/virconlegal.com\/term\/kurucu-hisseleri\/"},"modified":"2026-05-15T06:04:11","modified_gmt":"2026-05-15T06:04:11","slug":"kurucu-hisseleri","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/kurucu-hisseleri\/","title":{"rendered":"Kurucu Hisseleri (Founder Shares)"},"content":{"rendered":"

TLDR:<\/h3>\n

Kurucu<\/a> hisseleri (founder shares; bazen “founders’ shares” veya “founder stock”), bir \u015firketin kurulu\u015funda veya yak\u0131n\u0131nda kuruculara ihra\u00e7 edilen adi hisselerdir, herhangi bir d\u0131\u015f finansman \u00f6ncesi ilk \u00f6z sermaye sahipliklerini temsil eder. Kurucu hisselerinin yap\u0131s\u0131 ve muamelesi, \u015firket b\u00fcy\u00fcd\u00fck\u00e7e ve sermaye toplad\u0131k\u00e7a kurucu ekonomisini, vergi sonu\u00e7lar\u0131n\u0131 ve cap-table evrimini temelden \u015fekillendirir.<\/p>\n

Standart Kurucu Hisse Yap\u0131s\u0131<\/h3>\n

Modern startup kurucu hisseleri tipik olarak bu kal\u0131b\u0131 izler: d\u00fc\u015f\u00fck nominal de\u011ferli adi hisselerle kurulu\u015f (\u00f6rn. Delaware’de hisse ba\u015f\u0131na 0,0001 dolar), kurucular kurulu\u015fta b\u00fcy\u00fck say\u0131larda hisseye kat\u0131l\u0131m sa\u011flar (genellikle her biri 5-10 milyon) nominal de\u011ferde, kurucular haklanmam\u0131\u015f hisseler i\u00e7in hakedi\u015f<\/a> takvimleri ve \u015firket geri al\u0131m haklar\u0131 dayatan K\u0131s\u0131tl\u0131 Hisse<\/a> Sat\u0131n Alma Anla\u015fmalar\u0131n\u0131 (RSPA’lar) imzalar, kurucular grant de\u011ferinde (esasen s\u0131f\u0131r) vergi alma se\u00e7imi yapmak i\u00e7in IRS’e 30 g\u00fcn i\u00e7inde 83(b) se\u00e7imleri<\/a> dosyalar. Bu yap\u0131 t\u00fcm gelecekteki de\u011fer art\u0131\u015f\u0131n\u0131 sermaye kazan\u00e7lar\u0131na d\u00f6n\u00fc\u015ft\u00fcr\u00fcr.<\/p>\n

Kurucu Hakedi\u015fi<\/h3>\n

Kurucular bile tipik olarak kendilerini hakedi\u015f takvimlerine tabi tutarlar: 1 y\u0131ll\u0131k cliff ile standart 4 y\u0131ll\u0131k hakedi\u015f (1. y\u0131lda hakedi\u015f yok, sonras\u0131nda ayl\u0131k hakedi\u015f), ters hakedi\u015f<\/a> mekanizmas\u0131 (kurucu grant’tan itibaren hisselere sahiptir ancak kurucu ayr\u0131l\u0131rsa \u015firketin haklanmam\u0131\u015f k\u0131s\u0131m i\u00e7in geri al\u0131m hakk\u0131 vard\u0131r), kontrol de\u011fi\u015fikli\u011finde tek tetikleyici veya \u00e7ift tetikleyici h\u0131zlanma<\/a> (en yayg\u0131n: %50 tek tetikleyici art\u0131 tam \u00e7ift tetikleyici) ve sebepsiz sonland\u0131rmada h\u0131zlanma. Hakedi\u015f, biri erken ayr\u0131l\u0131rsa kurucu ortaklar\u0131 korur ve risk sermayesi<\/a> destekli anla\u015fmalarda neredeyse evrenseldir.<\/p>\n

T\u00fcrk “Kurucu Hisseleri”<\/h3>\n

T\u00fcrk\u00e7e “kurucu hisseleri” terimi belirli bir hukuki kavrama at\u0131fta bulunur\u2014do\u011frudan ABD anlam\u0131nda founder shares ile e\u015fde\u011fer de\u011fildir. TTK Madde 348, anonim \u015firket<\/a> esas s\u00f6zle\u015fmesinin kuruculara kurucu hisseleri i\u00e7in k\u00e2r kat\u0131l\u0131m haklar\u0131 veya y\u00f6neti\u015fim haklar\u0131 bi\u00e7iminde \u00f6zel “kurulu\u015f ayr\u0131cal\u0131klar\u0131” tan\u0131mas\u0131na izin verir\u2014bunlar ola\u011fan hisse sahipli\u011finin \u00f6tesinde teknik avantajlard\u0131r. Modern T\u00fcrk startup uygulamas\u0131nda, kurucular tipik olarak yasal kurulu\u015f ayr\u0131cal\u0131klar\u0131 olmadan adi paylar tutar ve “kurucu hisseleri” kavram\u0131 gev\u015fek olarak kurucular\u0131n \u00f6z sermaye holdinglerine at\u0131fta bulunmak i\u00e7in kullan\u0131l\u0131r. Yabanc\u0131 tarz\u0131 hakedi\u015f ve 83(b) muamelesi T\u00fcrk vergi hukukuna dikkatli uyarlama gerektirir\u2014T\u00fcrkiye’nin do\u011frudan 83(b) e\u015fde\u011feri yoktur ve hakedi\u015f vergi muamelesi ABD’den farkl\u0131d\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"

TLDR: Kurucu hisseleri (founder shares; bazen “founders’ shares” veya “founder stock”), bir \u015firketin kurulu\u015funda veya yak\u0131n\u0131nda kuruculara ihra\u00e7 edilen adi hisselerdir, herhangi bir d\u0131\u015f finansman \u00f6ncesi ilk \u00f6z sermaye sahipliklerini temsil eder. Kurucu hisselerinin yap\u0131s\u0131 ve muamelesi, \u015firket b\u00fcy\u00fcd\u00fck\u00e7e ve sermaye toplad\u0131k\u00e7a kurucu ekonomisini, vergi sonu\u00e7lar\u0131n\u0131 ve cap-table evrimini temelden \u015fekillendirir. Standart Kurucu Hisse Yap\u0131s\u0131 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-12642","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=12642"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12642\/revisions"}],"predecessor-version":[{"id":12879,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12642\/revisions\/12879"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=12642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=12642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}