With the entry into force of the latest amendments to the Companies Act in October 2012, a new form of limited liability company - the so-called limited liability company - was introduced into our legal system. simply d.o.o. Also, annexes are added to the Law - forms for the simplified establishment of that company. With this, the Republic of Croatia is preparing to prevent the unwanted effects of the rules on freedom of business establishment that are applied in the European Union. Namely, on the date of the entry of the Republic of Croatia into the Union, trading companies established in the member states can directly operate on the territory of the Republic of Croatia. Therefore, it was necessary, following the example of foreign legislation, to simplify the establishment of a domestic limited liability company and to enable it to be established with a significantly lower share capital than that prescribed by the Companies Act for that legal form. The aforementioned version of the limited liability company should achieve at least three goals: reduce migration of Croatian entrepreneurs, facilitate entry into entrepreneurial ventures, and prevent unregistered activities. Considering the Legislator's ambition, it is necessary to determine the essential features of that company and highlight how it differs from a "classic" d.o.o. With the introduction of new provisions governing the new form (subtype) of d.o.o., new possibilities and freedoms that do not apply to classic d.o.o. are given. Thus, the founders can establish a trading company practically without capital input, and at the same time enjoy the privilege that members of capital companies have: non-responsibility for the obligations of these companies. This privilege is especially important for small and medium-sized companies that perform service activities. At the same time, the risk of avoiding responsibility for obligations increases with such companies.