DEVELOPMENT OF FAMILY ENTREPRENEURSHIP IN THE REPUBLIC OF KAZAKHSTAN: A NEW PERSPECTIVE ON SMALL BUSINESS SUPPORT

Abstract

The article is devoted to the study of family entrepreneurship as an important element of sustainable socio-economic development of the Republic of Kazakhstan. The purpose of the work is to analyze the current state of the family business, its features and problems of legal regulation, as well as substantiate the need for legislative support. The study uses a comparative legal method that allows comparing the experience of Kazakhstan with the practice of such countries as the USA, Germany, Japan and Turkey, where family business is regulated by separate regulations. The methods of analysis of normative documents and doctrinal sources are also applied. The results of the study show that family-owned enterprises have unique characteristics: resilience to economic challenges, continuity and close ties within the team. There are two groups of family businesses: small firms where family members are employed, and large companies that are inherited. In Kazakhstan, family-owned enterprises are mainly represented by small companies, often operating in rural areas. The authors emphasize the need for legislative consolidation of the legal status of the family business. We propose two approaches: amendments to existing codes or the adoption of a separate law on family entrepreneurship. The practical significance of the work lies in the possibility of using the results in the development of legislative initiatives and government programs to support family businesses. The findings of the study confirm that support for family entrepreneurship should become a priority of state policy, which will increase economic sustainability and preserve cultural traditions, contributing to the strengthening of local communities and sustainable economic development.