The Law on Entrepreneurship is a set of certain legal norms that are designed to regulate entrepreneurial (or related) relationships. Legal norms affect the field of such public relations as:
- horizontal. That is, relations built on the principle of "entrepreneur-entrepreneur";
- vertical. That is, the relationship built on the principle of "entrepreneur - governing body."
The Law on Entrepreneurship is based on the following principles:
- freedom limited by certain legal norms. That is, everyone can freely use their property and abilities in order to implement entrepreneurial activities. The restrictions are presented in the form of laws that are necessary in order to protect the rights, interests and health of others, the foundations of the constitutional system, as well as state security;
- equality of the whole variety of forms of ownership. That is, any privileges are prohibited, as well as restrictions for persons engaged in entrepreneurial activities using property related to personal, state, and also municipal property ;
- ban on monopolies. That is, the law on entrepreneurial activity provides, necessary for a market economy, freedom of competition;
- correct understanding of goals. That is, the main incentive to carry out entrepreneurial activity is profit;
- maintaining balance. That is, the legislation should regulate the observance of the interests of both the state as a whole and entrepreneurs;
- principle of legality. That is, entrepreneurial activity should be implemented strictly in accordance with relevant legal norms;
- principle of a single economic space. That is, the establishment of duties, customs borders or other obstacles to the free movement of financial resources, products and services is prohibited in our country.
The Law on Entrepreneurship is divided into two parts. The general part includes the following items:
- introduction to the subject;
- distinctive characteristics of business law;
- system of the law in question;
- relations related to entrepreneurial activity;
- legal liability for violation of laws in the field of economics;
- basic principles of rights created for entrepreneurs;
- articles relating to the privatization of municipal and state property;
- regulation of entrepreneurial activity at the state level;
- protection of the rights and interests of entrepreneurs involved in property law.
The Law on Enterprises and Entrepreneurship also has a special part. It includes legal regulation of such aspects as:
- bankruptcy or insolvency of the enterprise;
- monopolies and free competition;
- goods market. In particular, this is the quality of services, products;
- pricing;
- audit, accounting reports;
- banking services, lending, various settlements;
- investment activities.
The Federal Law on Entrepreneurship is needed in order to provide businessmen with the necessary legal framework. Laws prevent anarchy. Entrepreneurship has appeared in modern Russia relatively recently, and therefore this area is still characterized by a low level of civilization. Relevant laws and control over their observance provide the legal order and the possibility of successful business. At the moment, entrepreneurship is becoming more civilized.