Presentation of annual reports via the Company Registration
Portal https://ettevotjaportaal.rik.ee/ is very
simple for entrepreneurs. However it is often forgotten that
certain rules on approval of the annual report must still be
followed. Overlooking the rules may lead to incorrect accounting,
entries and mismanagement.
For example, the supervisory board must present its opinion on
the annual report, the approved annual report together with the
proposal for distribution of profit or covering loss must be
approved by the general meeting of shareholders, and minutes of the
shareholders meeting must be prepared. Distribution of profit or
covering loss may not be recorded in the annual report of the
following financial year based on a proposal by the management
board, but this accounting entry must be based on a resolution of
shareholders. Note also that if you have not yet converted the
company share capital into Euros, the decision to do so can be
taken at the
