Traditional Financing Mechanisms Of Entrepreneurial Activities And Their Legal Regulation Mechanisms

Today, special attention is being paid to developing the field of entrepreneurship and supporting entrepreneurs in the process of starting their businesses. To prevent them from shutting down their activities in a short period and to avoid various bureaucratic hurdles, tax incentives are being applied, and the processes for obtaining licenses and permits are being simplified. Furthermore, the requirement to request several documents and pieces of information from various state bodies has been abolished, and procedures have been established for authorized bodies to directly obtain the necessary information through relevant information systems. The main resource every entrepreneur needs to start their business is capital. With this capital, an entrepreneur registers with the state and acquires a space to conduct business. They also purchase essential equipment and pay employee salaries. Therefore, today it is crucial to simplify the financing of business activities and expand the types of financing available. Today, every financing method has its own advantages and disadvantages. Although legislative acts have been adopted to regulate relations related to the financing of entrepreneurial activities, their diversity and the complexity of their use require the improvement of legislative acts in this area, as well as the introduction of additional financing methods into the legislation. In this article, a legal analysis of the importance of financing, its types, and its unique aspects is carried out. The legal regulation of relations related to financing activities is analyzed from a scientific-theoretical and scientific-practical perspective based on the research of various scholars and the national legislation of the Republic of Uzbekistan.