Abstract
Giorgi Katamadze
 E-mail: giorgi.katamadze@bsu.edu.ge 
 Assistant-Professor,Batumi Shota Rustaveli State University 
 Batumi, Georgia
 https://orcid.org/0000-0002-2602-6861
 Abstract. Business activity and its various directions change parallel to global political-social-economic processes, and they frequently must adjust to new, occasionally unanticipated situations and change their activities fundamentally. The sustainability of entrepreneurial activity is ultimately impacted by how responsive it is to external influences and how frequently appropriate management techniques of the processes must be changed. The paper analyzes the legal grounds of the status of small and medium-sized business organisations in Georgia and their classification criteria, and discusses the historical experience and international practice of giving such status. The article also analyzes the dynamics of economic indicators and special taxing regimes, based on which conclusions are formed taking into account the particulars of various business entity categories and special regimes. The article discusses various theories and offers recommendations, which will be interesting and noteworthy for a wide audience with an interest in this topic.
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