Startups
What is a Comfort Letter?
When answering the question "what is a comfort letter?", other questions arise, such as " are we really only making a declaration of intentions or is a real obligation being…
Binding or non-binding nature of Letters of Intent
Businessmen, lawyers, advisers ... how many times have you asked this question: What is actually stated in Letters of Intent?
Non-Disclosure Agreements (NDA)
Non-disclosure agreements are legal contracts between at least two parties who decide to share confidential material, knowledge, or information but wish to keep this information private from third parties.
What is a Ratchet? Example of a Ratchet and the difference with the Bonus
Last updated: 28 July 2026. Quick answer. A ratchet is an extraordinary incentive that a financial investor grants to the management team of an investee company, payable when the investor…
How to create a company in the USA. “10 steps”
How to create a company in the USA? The USA is the dream of every Spanish entrepreneur. The US is the market in which every entrepreneur wants to start his…
The taxation of “carried interest”: a global controversy
How is carried interest taxed in the UK?;How is "carried interest" taxed in Spain? The taxation of "carried interest" is subject to controversy. And it is in all those countries…
What does (materiality) mean in terms of (financial statements)?
Last updated: 5 August 2026. Quick answer. Materiality is a surprisingly indefinite concept at the heart of a discipline built on accuracy. International accounting standards approach it through the principle…
Investor Residence: “The Golden Visa”
Last updated: 5 August 2026. Quick answer. This article describes the investor residence regime introduced by Law 14/2013, of 27 September, popularly known as the Golden Visa, under which non-EU…
We are looking for a project to invest 500K
Through this headline, we would like to announce the launching of the second call of our Investment Program. As it has been already noted, the first call of our program…
Valuation of Discounted Cash Flows: Excel and Calculation Algorithm
The decision to buy or sell a company is crucial in the business sector. A good purchase (paying a reasonable price at the right time) will have satisfactory repercussions on…
