Blog of Raivo Laanemets

2013 Annual Report done

On

Last week I have been busy working on doing books and preparing my Annual Report. Every OÜ (our equivalent to an LLC) must file an Annual Report at the end of each financial year. Most freelancers in Estonia have an OÜ as their legal status. My this year's report took lots of work because I had more entries than on all previous 3 years together. Lots of paperwork, however, does not mean lots of profit. Although I closed the year with a slight profit (in a range of hundreds of euros) I won't be taking any dividends and I plan to put them into equipment upgrades.


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