Üksikliikmel

Üksikliikmel is an Estonian term that translates to "sole member" or "single member." It is primarily used in legal and business contexts, particularly in relation to companies and organizations. The term signifies a situation where a legal entity, such as a limited liability company (OÜ in Estonian), has only one owner or shareholder. This individual holds all the shares and thus exercises complete control over the company's decisions and operations.

In Estonia, establishing a single-member limited liability company is a common and straightforward process. The sole member can be either a natural person or another legal entity. They are responsible for appointing a management board and making all significant decisions, including approving financial reports and any changes to the company's structure or bylaws. The concept of üksikliikmel simplifies governance as there is no need for shareholder meetings or consensus-building among multiple owners. However, the sole member still bears the responsibility for the company's actions and obligations. The term can also be applied in other organizational contexts where a single entity or individual is the sole constituent part.