Legal technology and emerging new forms of entrepreneurship: the case of social business

Abstract

The European Commission declares that social economy gives a lot to the European Union. The Council of the European Union defines the social economy as a key driver of economic and social development in Europe. Therefore, this paper attempts to look at the case of regulating social business through the legal technology. So far it is up to the particular country to decide whether the social enterprise is supposed to obtain special legal form or not. The connection of the legal technology with regulation of incorporation and maintenance of social enterprise also varies from state to state. The correlation between the above mentioned aspects is yet quite insignificant. Therefore, much more needs to be done at all levels of public policy to optimize the framework conditions for social enterprises.