Ettevõtt

Ettevõtt is an Estonian word that translates to "company" or "enterprise" in English. It refers to a business entity or organization engaged in commercial, industrial, or professional activities. Estonian law recognizes various forms of ettevõtt, including private limited companies (osaühing), public limited companies (aktsiaselts), sole proprietorships (füüsilisest isikust ettevõtja), and partnerships (täisühing and usaldusühing). The specific legal form chosen by an ettevõtt depends on factors such as the size of the business, the number of owners, and liability considerations. Establishing an ettevõtt in Estonia involves registration with the Estonian Commercial Register, which provides legal recognition and allows the entity to operate officially. The formation and operation of an ettevõtt are governed by Estonian commercial law, ensuring a framework for business transactions and corporate governance. The term ettevõtt is broadly used to encompass any organized economic activity within Estonia, from small startups to large corporations.