Modelliasutuse

Modelliasutuse is a term used in the context of Estonian law, specifically in relation to the management and ownership of limited liability companies. The term is derived from the Estonian words "model" and "iasutus," meaning business or company.

In Estonia, limited liability companies can be established using a model or template, which includes all the necessary documents and information required for registration. This template is standardized and pre-defined by law, making it easier for entrepreneurs and business founders to establish their companies quickly and efficiently.

Modelliasutuse allows companies to be set up using a simplified process, where a standardized template is used instead of preparing a customized business plan. This streamlines the process of establishing a company, reducing the time and administrative burden involved.

The use of modelliasutuse is governed by the Estonian Commercial Code, which outlines the requirements and procedures for establishing and managing limited liability companies using this method. The standard template must include certain mandatory information, such as the company's name, address, purpose, and capital structure.

By utilizing modelliasutuse, entrepreneurs and small business owners can establish their companies more easily and quickly, without the need for complex and time-consuming paperwork. This can save time and resources, allowing them to focus on other aspects of their business.