The current state of legal regulation of family entrepreneurship and the digitalization of trade turnover

Abstract

The article is devoted to studying the current state of legal support for family entrepreneurship amid the increasing digitalization of trade turnover. Today, family businesses in Russia are predominantly represented by small and medium-sized enterprises, which can be classified as “mass entrepreneurship.” There remains an ongoing insufficiency and fragmentation in the legal regulation of this sphere of public relations. In this regard, further work is needed to develop provisions in federal legislation regarding family entrepreneurship.
The study highlights that in modern conditions, trade turnover will increasingly shift into the realm of e-commerce. The development of family entrepreneurship in the context of digitalization faces challenges related to electronic communications, such as information exchange and negotiations with major online platforms. The article concludes that the market position of family businesses is often “deliberately weak” compared to large economic players. Therefore, family businesses urgently require special state support, the forms, conditions, and procedures of which should be established in legislation. Given that virtual markets will only strengthen their positions in the business world in the foreseeable future, family entrepreneurship legislation must already be structured with an emphasis on digital business technologies.