The emergence of active regions on the Sun is an integral feature of the solar dynamo mechanism. However, details about the generation of active-region-scale magnetism and the journey of this magnetic flux from the interior to the photosphere are still in question. Shifting paradigms are now developing for the source depth of the Sun’s large-scale magnetism, the organization of this magnetism into fibril flux tubes, and the role of convection in shaping active-region observables. Here we review the landscape of flux emergence theories and simulations, highlight the role flux emergence plays in the global dynamo process, and make connections between flux emergence on the Sun and other cool stars. As longer-term and higher fidelity observations of both solar active regions and their associated flows are amassed, it is now possible to place new constraints on models of emerging flux. We discuss the outcomes of statistical studies which provide observational evidence that flux emergence may be a more passive process (at least in the upper convection zone); dominated to a greater extent by the influence of convection and to a lesser extent by buoyancy and the Coriolis force acting on rising magnetic flux tubes than previously thought. We also discuss how the relationship between stellar rotation, fractional convection zone depth, and magnetic activity on other stars can help us better understand the flux emergence processes. Looking forward, we identify open questions regarding magnetic flux emergence that we anticipate can be addressed in the next decade with further observations and simulations.