The development of entrepreneurship in Bulgaria has its historical traditions and a certain amount of experience. Over the years of transition from a planned to a market economy, a set of deficits has accumulated, which have been identified. Still, the complexity of overcoming them and resistance has led to significant problems. This paper examines the legal and organizational aspects of entrepreneurship development, based on a certain comparison of the development of other countries that are members of the European Union. An attempt is made not only to define problem areas, but also to give certain recommendations for their elimination. The analysis is based on the expertise of the authors, which has been accumulated in the management of the central state administration and the management of small and medium-sized enterprises.