Buying or selling a business in Spain

SCI Legal · Business sales

Buying or selling a business in Spain

Sell or buy a company with a lawyer who checks both the contracts and the numbers, without big-firm fees. We act for sellers or buyers of small and medium-sized companies, businesses and shareholdings, in deals from €100,000 to €5 million.

Free first conversation. Then a fixed fee agreed in writing before we start.

5.0 on Google · 25 reviewsCorporate & insolvency lawyerMadrid Bar no. 137442English & Spanish
Who it’s for

Small and medium-sized companies, not big-firm M&A

Owners who want to sell

Retiring, moving on to something new or responding to an offer.

Partners coming in or going out

Buying out a partner or bringing in an investor.

Buyers of a going concern

A clinic, a restaurant, a services company, a shop or a trading company.

Foreign investors

Buying a business in Spain and need it explained in English.

What we do

From the first offer to after completion

  1. Choosing the deal structure

    Buying the shares in the company or buying only the business. It changes which debts you take on, which contracts and licences carry over and which taxes are paid. We work with each client’s tax adviser to choose the most efficient option.

  2. Confidentiality and letter of intent

    To negotiate without the company’s information leaving the table, and to put the main terms in writing before going further.

  3. Legal due diligence sized to the business

    Company and accounts, customer and supplier contracts, premises and lease, licences, debts and litigation. Employment matters are reviewed by an employment lawyer.

  4. The sale and purchase agreement

    Price and payment terms, deferred or performance-based price, seller warranties, indemnities, retentions and non-compete.

  5. Signing and completion

    Notarial deed, filing with the Companies Registry, change of directors and notices to banks, customers and suppliers.

  6. After completion

    Following up deferred payments, warranty claims and an orderly handover if the seller stays on for a while.

The numbers

A lawyer who also understands the numbers

As well as being a lawyer, I trained in accounting as part of the Master’s in Business Legal Practice at Centro de Estudios Garrigues, and I have used it throughout my years of practice, especially in insolvency proceedings and disputes between partners. I also invest in large companies as a private investor, so I am used to reading accounts the way a buyer does.

In a business sale that matters. The price comes from the accounts, and many problems show up there before they show up in the contracts. We review the balance sheet and the profit and loss account alongside the legal side, and draft the price clauses knowing exactly how they are calculated.

Small and medium-sized companies

Deals from €100,000 to €5 million

A thorough legal review and a solid contract, without big-firm fees. Free first conversation and a written fixed-fee quote.

Why us

A corporate lawyer, not a broker

In English and Spanish, including with buyers or sellers who live outside Spain.

You deal with the lawyer

You work directly with Alejandro Cayuela, a lawyer registered with the Madrid Bar with more than nine years of practice.

Insolvency experience

We know how to spot hidden debts, contingencies and signs of insolvency, which is what protects a buyer most.

Sized to your business

The checks and the contract match what is at stake. No hundred-page reports nobody reads.

Fixed fees

You get a written quote before we start.

An example

Selling a medical practice on the Costa del Sol

We advised on the sale of a medical practice on the Costa del Sol. The doctor was selling as a self-employed professional, so the deal was structured as a sale of the business, with a lease of the premises, a prior tax analysis and a plan for the doctor’s position after the sale.

How we work

Simple, clear and fixed-fee

  1. Free first conversation

    You tell us about the deal and where things stand.

  2. Fixed-fee quote

    In writing, within 24 working hours.

  3. Review and negotiation

    Of the letter of intent and the agreement.

  4. Signing before a notary

    And completion.

  5. Support afterwards

    While payments or warranties are outstanding.

Google reviews

What our clients say

5.0 on Google · 25 reviews

See all reviews on Google
★★★★★A great team, always available to answer every question about our business. Highly recommended.
Javier Catalán PérezGoogle review · translated from Spanish
Read the original in Spanish

Gran equipo, siempre disponibles para resolver todas las cuestiones relacionadas con nuestro negocio. Muy recomendable.

★★★★★My experience couldn’t have been better — for his professionalism, personal treatment and rigour. I recommend his services without any hesitation.
Carlos Jandali FeuGoogle review · translated from Spanish
Read the original in Spanish

Mi experiencia es inmejorable, por profesionalidad, por trato personal y por rigor, sin duda alguna recomiendo la contratación de sus servicios.

FAQ

Frequently asked questions

Is it better to sell the shares or the business?

It depends mainly on the company’s debts and contingencies, the contracts and licences that need to continue and the tax position of each party. We look at it first, because it shapes everything else.

How long does an SME sale take?

Once there is agreement in principle, usually between one and three months to completion, depending on the checks and any financing.

What happens to the employees?

In most deals their contracts continue with the new owner. It is worth checking before signing, because the buyer may take on employment liabilities.

How do I protect payment if part of the price is paid later?

With security in the contract and a precise definition of how it is calculated. We explain it in our article on EBITDA earn-outs.

Do you also review the accounts?

We review the accounts alongside the legal side, because the price and its adjustments come from them. We are not auditors, so if the deal needs a full financial due diligence we work with the client’s accountant or auditor.

How much does it cost?

The first conversation is free. After that you get a written fixed-fee quote based on the size and complexity of the deal.

Free first conversation

Selling or buying a company?

Tell us about the deal by WhatsApp or email. We reply within 24 working hours.

SCI Legal · Alejandro Cayuela, abogado · Ilustre Colegio de la Abogacía de Madrid, no. 137442 · +34 664 218 119 · alejandro@scilegal.es

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