CONCEPT AND CLASSIFICATION OF ENTREPRENEURSHIP ENTITIES

Аннотация

INTRODUCTION social relations who hold rights and obligations The entire history of human societal development under current legislation. As each branch of law has traces back to ancient times, where activities like its subjects, entrepreneurship law also has distinct production, exchange, and service provision were subjects. limited to satisfying primary needs. With the advent of conscious labor and the advancement of All subjects of civil law are generally referred to as human thought, these fields evolved into sectors “persons,” divided into three groups: and industries, sparking diverse perspectives 1. Individuals (natural persons), encompassing grounded in scientific frameworks. The citizens of the Republic of Uzbekistan, foreign significance of entrepreneurship throughout its nationals, and stateless persons; stages of development is closely tied to concepts 2. Legal entities, which include organizations such as "entrepreneur," "entrepreneurship," and aiming to generate profit (commercial "entrepreneurial entity." Without clearly defining organizations) and those that do not (non- these concepts, it is impossible to improve the commercial organizations). These may take the management of entrepreneurial activities. form of domestic, foreign, or joint ventures within To define the concept and status of the Republic of Uzbekistan; entrepreneurship entities, it is essential to 3. The state, which acts as an independent subject understand the essence of the terms “legal subject” either directly or through administrative- and “subject of civil law.” A legal subject is a broad territorial units or government agencies on its legal category that includes all participants in https://www.theamericanjournals.com/index.php/tajmei 23 THE USA JOURNALS THE AMERICAN JOURNAL OF MANAGEMENT AND ECONOMICS INNOVATIONS (ISSN- 2693-0811) VOLUME 06 ISSUE11 behalf. unemployment, and fostering economic growth. Legislative reforms have opened pathways for The term "entrepreneur" was first introduced by private sector development, expanding French economist Richard Cantillon in the 1720s. entrepreneurship and leading to broader According to Cantillon, an entrepreneur is recognition of citizens as subjects of someone who buys goods at a known price and entrepreneurship-related legal relations. sells them at an uncertain price . Adam Smith later expanded on this concept, describing the Only when activities are specialized and aimed at entrepreneur as a proprietor who undertakes generating profit through the production of goods business ventures to earn profit by taking (or providing services) with risk, can the calculated risks. Entrepreneurship entails participants be classified as entrepreneurs. In cases assessing market opportunities, utilizing them, and where individuals engage in occasional sales of implementing innovative ideas . surplus products or unneeded items without the aim of profit, such activities are not considered In the words of Amir Timur, "A diligent, entrepreneurial. For example, a citizen who sells courageous, and determined entrepreneur is far surplus agricultural products or accepts more valuable than countless indifferent people." remuneration for occasional services would not be Thus, entrepreneurship is viewed as a multi- classified as engaging in entrepreneurship since faceted activity involving the art of management, these actions fall under civil law regulations. creativity, free expression of initiative, innovation, and readiness for risk. To engage in The legislature defines key characteristics of entrepreneurship, one must possess skill, entrepreneurship law subjects, which include: intelligence, and alertness, which are essential - Registration with the state; qualities . - Possession of a permit (license) for certain The legislature defines entrepreneurship as an types of activities; independent, initiative-driven activity conducted - Ownership of property; by entrepreneurship entities in accordance with legislation, involving risk and personal property - Possession of entrepreneurship rights and responsibility to generate income (profit) . obligations as determined by Uzbekistan’s laws and foundational documents of the respective Subjects of entrepreneurship law are those entrepreneurship entities; individuals or entities authorized to engage in entrepreneurial activities. - Independent liability within the scope of their own property; Both natural and legal persons can participate in civil legal relations as entrepreneurs or without - The right to protect their rights and legitimate obtaining such a status. The difference is that interests through judicial means. within entrepreneurial legal relations, the subject According to Article 4 of the Law on Guarantees of always operates at risk, assuming responsibility Freedom of Entrepreneurial Activity (revised), and aiming to earn profit. entrepreneurship entities (entrepreneurship Since gaining independence, Uzbekistan has made subjects) are legal