MECHANISMS FOR FINANCING ENTREPRENEURIAL ACTIVITIES AND PROSPECTS FOR THEIR IMPROVEMENT

Abstract

Today, special attention is paid to the development of the entrepreneurial sphere and supporting entrepreneurs in the process of starting their activities. In order to avoid the short-term termination of activities and avoid various bureaucratic obstacles, a number of tax benefits are being applied, and the process of obtaining licenses and permits is being simplified by improving the legislative framework. In addition, the request for a number of documents and information required by various government agencies has been canceled, and the procedure for obtaining the necessary information directly from authorized bodies through relevant information systems has been established. The main source necessary for every entrepreneur to start their business is funds. With these funds, the entrepreneur undergoes state registration and acquires a place for business. Moreover, they purchase fixed assets to start operations and pay employees’ salaries. Therefore, today it is important to simplify the procedures for financing activities and expand their types. Today, each financing method has its own advantages and disadvantages. Despite the fact that legislative acts regulating relations related to the financing of entrepreneurial activity have been adopted, the diversity and complexity of their types and procedures of use require improvement of legislative acts in this area, as well as the introduction of additional financing mechanisms into legislation. In this article, the significance of financing, its types and features, and the legal regulation of relations related to the financing of activities are analyzed from a scientific-theoretical and scientific-practical point of view based on the research of various scientists and the national legislation of the Republic of Uzbekistan.