A trade, a simple limited liability company and a limited liability company are legal forms of an entrepreneurial venture. Crafts belong to other forms of entrepreneurial venture, and a simple limited liability company and a limited liability company in capital companies. This paper explains in more detail the basic concepts of these three entrepreneurial ventures, their establishment, organization and the benefits they require. The main review is that by describing each one, the differences between them can be determined. How much money is enough to set up each, what activities can they engage in, whether the number of activities is limited or not. Future entrepreneurs need to be encouraged to develop their ideas, and they need to be informed about what they are getting into, how they will be responsible for the obligations of their company or craft. In order not to embark on an undertaking that will not be able to withstand or will not know how to properly manage it, the advantages and disadvantages of both a trade and a simple limited liability company and a limited liability company should be considered.