Abstract
The article is devoted to the analysis of the effects of organizational and legal forms of business entities on the development of entrepreneurship in Georgia. Based on the analysis of the dynamics of company registration during ten years, companies characterized by rapid changes of registration during this period were revealed, and also the factors affecting the process of selection of organizational and legal forms were discussed. Based the results of the study, it can be concluded that encouraging to increase or decrease the number business entities is an indirect tool to achieve the goals of economic policy of the country, depending on which areas of the economy are to be strengthened.
Highlights
The business can be organized and registered in one of several ways and form, and this form which was chosen by owners will affect the company’s future and its development
The organizational-legal forms of business entities in Georgia is defined under the Law on Entrepreneurs, Article 2 Business entities shall be: an individual entrepreneur, a general partnership (GP), a limited partnership (LP), a limited liability company (LLC), a joint-stock company (JSC, corporation), and a cooperative [Law of Georgia, 1994]
Conclusions as a result of our case study it was revealed that the following factors impact the decision making process of selection of the organizational-legal forms for the business subjects, in particular:
Summary
There are some essential and important changes relating to the cooperatives, in particular within the period of time from 2007 to 2013 only 42 entities had been registered, and from 2014 some sharp increase is monitored – in 2014 year 952 cooperative entities were registered, in 2015 – 534 cooperative entities, in 2016 – 534 cooperative entities and 250 cooperative entities in 2017. In these two categories, important increase dynamics was monitored and both were selected for our case study.
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