Sources of business law are special regulations. These acts contain the rules by which public relations are formed that are formed during the implementation of the entrepreneur’s activities, as well as organizational and managerial decisions related to the same activity.
The system of business law gives regulatory documents certain features. These features are related to the nature of the subject of regulation and are influenced by the federal government of Russia.
The concept of business law is enshrined in accordance with article 71 of the Constitution. So, the state is in charge of federal state property and its management, the formation of the foundations of a policy in the field of economic development of the country, the establishment of the legal foundations of a holistic market. In addition, in this article, the subjects of state regulation include currency, financial, customs, credit management, monetary emission, economic services of federal significance, federal banks, including the fundamentals of pricing policy formation. The RF is also in charge of foreign economic relations, civil procedural, civil and arbitration legislation, and regulatory regulation of intellectual property. Thus, article 71 enshrines the most important aspects that determine entrepreneurial activity. It should be noted that the main issues that are important in the development of this activity are the responsibility of the legislator at the federal level. In this way, consistent legislation is formed and the integrity of the economic space is guaranteed.
Sources of business law include norms that apply not only directly to this industry, but also to other industries. So, when regulating certain relations, civil procedural, tax, administrative norms are often applied.
Sources of business law are combined in certain groups in accordance with different criteria. So, in accordance with legal force distinguish between laws and by-laws.
Laws call normative acts that are adopted by representative bodies of state power. Other documents are considered bylaws. These include, in particular, acts adopted by the president, government, local executive bodies, departments and ministries.
Sources of business law are divided in accordance with the subject of regulation. So, they distinguish special, general acts and acts relating to other industries, ensuring the regulation of certain issues.
Among the general sources should be highlighted the norms that govern relations in the field of business and in other areas of life. This category, in particular, includes the Constitution.
Special sources are completely devoted to the regulation of certain issues on the organization and management of entrepreneurial activity.
The norms of other legal sectors that can be used in managing the relations of the above activities should include the Criminal Code, provisions on administrative offenses. These and other normative acts establish liability for violations in the field of entrepreneurship. Thus, these norms have a somewhat “double” status.
In accordance with the degree of systematization, codified acts and others are distinguished. The Civil Code is the main codified source of business law.