The craft represents one of the legal forms for carrying out the economic activity and after the limited liability company is the most common form of business in the Republic of Croatia. The main source of its regulation is the Crafts Act that defines crafts as self-employed and permanent conduct of permitted economic activities by natural persons for the purpose of obtaining income or profits generated by production, traffic or provision of services on the market. The main problems of founding the private craft are: the lack of financial support, complex administrative works, the lack of information on how to found the craft, and the risk and fear of failure. The term of craft in action is compared to the private limited company, considering that these two are the most frequent business activities, and the condition of craft in Vukovar - Syrmia County is displayed as well. High - quality business plan is necessary for realistic evaluation of business idea. Because of that, entrepreneur has to be well adept in what he intends to do. When selecting any legal form, he should be aware that non of it will enable everything that is desired to be achieved by doing business, and he must accept certain deficiencies.