ON THE DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESSES IN THE RUSSIAN FEDERATION

Purpose. The purpose of this study is to consider the relations arising between legal entities, individuals, public authorities of the Russian Federation, public authorities of the subjects of the Russian Federation, local governments in the development of small and medium-sized businesses, to identify factors that have a positive and negative impact. Design / methodology / approach. This article examines the implementation of the provisions of regulatory legal acts and their implications for the development of small and medium-sized businesses in Russia. The prospects for further development of the study are to form an understanding that small and medium-sized enterprises are one of the main elements of the socio-economic system of the subject of the Russian Federation, since enterprises are involved in both economic and social transformations, providing a significant contribution to the formation of the gross regional product and employment. Findings. Thus, having analyzed the development of small and medium-sized businesses in Russia, the author believes that in order to stabilize the development of this sector of economic activity, it is necessary to make adjustments to the Federal law of 24.07.2007 No. 209-FZ «On the development of small and medium-sized businesses in the Russian Federation» in terms of creating a legal basis for the development of business angels and other specialized institutions; simplify tax reporting for all categories of small and medium-sized businesses, regardless of the applicable tax regime; redistribute tax revenues of small and medium-sized businesses in favor of the subjects of the Russian Federation, taking into account the real needs of small and medium-sized businesses; simplify the liquidation procedure. In addition, it is necessary to remove administrative barriers to the effective development of small businesses in the Russian Federation, to increase the role of the banking sector in financial and credit support for small and medium-sized businesses. Originality / value. The prospects for further research are to provide an opportunity to determine the direction of development of legal institutions and to form recommendations for improving public policy in relation to small and medium-sized businesses. The inconsistency of regulatory legal acts regulating this sphere of economic activity of small and medium-sized businesses causes significant damage primarily to the economy of the state.

legal regulation, entrepreneurial activity, small and medium-sized entrepreneurship