LEGAL AUDITS OR DUE DILIGENCE OF BUSINESS IN SPAIN

Legal analysis and due diligence of a firm in Spain include the following:

• Research of share capital, its structure, and corporate documents,
• Analysis of personnel and relevant documentation in the personnel field,
• Verification of compliance with the legislation and policies of the country, including GDPR,
• Analysis of business contracts and counterparties,
• Verification of the legal status of property, funds, and other assets of the enterprise, as well as the presence of intellectual property and its protection,
• Checking the presence or absence or status of courts or criminal or administrative disputes.
• Compliance with environmental standards.

Due diligence – legal business audit

Yk Prykhodko and partners provide comprehensive legal business due diligence services. Before buying a company, you must understand its condition, including legal, tax, accounting, financial and other risks.

Due diligence is carried out in the interests of both the business owner (Vendor Due Diligence) and the potential investor (Buyer Due Diligence).

Based on the results of the business audit, you will receive a Conclusion that will give you the following

• Your desire to buy a business may change dramatically
• You can get arguments for reducing the cost of the business you are buying.
• You can apply legal mechanisms in time to prevent various problems with the tax authorities, counterparties, employees, investors, etc. in the future.

Order business (firm) due diligence – frequent cases:

• Purchase and sale of corporate rights to the company
• Analysis of public offers of these securities on the stock exchange (IPO)
• Business mergers and acquisitions (M&A)
• Investment attractiveness of the company
• Joint venture of two or more founders
• Financing or crediting of business or its assets
• Provision of repayable financial assistance, including interest

What is the cost or how much does it cost to check a company (business) in Spain?

To get an answer to this question, it is necessary to understand that the cost of due diligence in Spain, as anywhere, depends on the volume of work that lawyers and auditors need to carry out, the number of questions that are investigated, on the volume of materials provided for verification, on the complexity in access to the information that needs to be checked.

Depending on this, there are at least two types of business verification

• Full due diligence report (full scope) – the most detailed and complete analysis of all provided documents, open sources of information, as well as sources of information with limited access.
• Selective due diligence report (red flag report) — only those questions raised for research are checked.