Problem Aspects of Termination of Business Activities by Individual Entrepreneurs in Ukraine
Year: 2024
Type: article
Abstract: . The article includes the definition and systematization of the main reasons and consequences that encourage entrepreneurs to stop their activities, the analysis of the legislative framework that regulates this process, as well as the development of recommendations for improving legal conditions to minimize the negative consequences of the cessation of activities for business entities and the country's economy in general . In particular, the issue of termination of business activities of individual entrepreneurs in Ukraine is investigated, emphasizing its relevance due to economic, legislative, social and tax aspects. The article examines major economic changes, such as globalization and technological development, that force entrepreneurs to adapt or cease operations, affecting the economy and the legal sphere. Analysis of legislation reveals innovations in the regulation of this process and their effectiveness. Emphasis is placed on understanding and legal aspects of termination of economic activity of an individual entrepreneur, in particular, voluntary and forced termination are distinguished. It is established that most authors describe this process as a complex legal procedure with various legal consequences and discuss the problems of imperfection of legislation in the context of modern trends towards the unification of legal norms. In addition, the article covers the issue of classification of the grounds for termination of the activity of an individual entrepreneur depending on the will of the owners and the legality of the process, with an emphasis on social and legal realities that shape business practice in Ukraine. It is concluded that the termination of entrepreneurial activity by a natural person-entrepreneur is a legal process regulated by numerous regulatory documents, in particular the Civil Code of Ukraine and other legislative acts. Termination of activity can be initiated by the entrepreneur himself or due to forced circumstances, such as bankruptcy. This analysis is important for understanding the processes governing the termination of the FOP, and can serve as practical material for lawyers, entrepreneurs, and law students. Keywords: Civil Code of Ukraine; Economic Code of Ukraine; subjects of economic activity; termination of business entity activity; natural persons-entrepreneurs; liquidation; termination.
Authors: Taras Harasymiv, Mariia Antsyferova
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4405293220