Problems and prospects of the family business development in Russia

The family business is of particular importance for Russia, as it occupies a predominant share among all businesses in the country, but at the same time is still an unregulated form of business without special legislative standards. This form of business has extensive potential for development, this is the reason for the relevance of the study. The paper examines the current situation of the family business in Russia and explores further directions for its development in comparison with international experience. The main difficulties faced by the family business in Russia and around the world, the most problematic areas for its successful functioning have been identified. The issue of continuity in relation to the presence of intra-family conflicts has been investigated. The author analyzes the problems caused by the absence of a separate legislative framework for regulating the family business and the prospects for its development through the adoption of legislative initiatives and incentives.