Navigation path

Share on 
	Share on Facebook
  
	Tweet it
  
	Share on google+
  
	Share on linkedIn
  
    
      E-mail
Set page to normal font sizeIncrease font size by 200 percentBookmark this pageChoose high-contrast version

Spain

Selling on

Updated 12/2012

Legal requirements

Do you want to transfer your enterprise to another person?

An enterprise is a source of wealth and job creation. We all aim for it to continue in existence, grow, achieve its fullest possible extent.

A business owner may decide to transfer an enterprise to another individual for reasons which may vary widely: personal reasons, transfer of the business to children or heirs. For professional reasons: to focus professional efforts in some other field, to generate resources in order to invest, to pay down debt.

The person wishing to acquire an enterprise may act out of different interests: to embark on an enterprise activity based on an existing business, make an attractive investment, open up a new market for a business, obtain a competitive edge for an enterprise: size, markets, intellectual property, presence in other countries, acquire a competitor.

An enterprise is a set of elements in operation, with interconnections between them. An enterprise comprises: 1- Fixed assets: property, premises, buildings. Movable assets: furniture, computer equipment, machinery. 2- Intangible assets: patents, clientele, know-how, intellectual property, suppliers, contacts in other countries and others.

It is this set of elements which makes an enterprise, allows it to generate value.

The transfer of an enterprise to another person means passing on to that person this set of tangible and intangible assets. There are methods for this: sale, inheritance, donation, agreement, court award, comprehensive assignment of assets and liabilities of the enterprise.

It is important to perform a clear analysis of the economic and equity situation of the enterprise. Another challenging aspect is the economic valuation of the enterprise.

In order to transfer your enterprise you need to distinguish between two possible situations:

- A sole trader. The enterprise is transferred in various forms, for example by means of a sale agreement. It is advisable to sign a deed before a notary to place the transfer on record. It is a good idea to include a list of the elements of the enterprise.

The various elements of the enterprise are transferred by means of this legal act. As there are various elements comprising an enterprise, you will need to consider: the official processes and regulations for the transfer of each of them: real estate, premises, furnishings, intellectual property, credits, contracts, etc. The changes are recorded with the various public authorities: companies register, tax office, social security, official registers and others.

- The enterprise could have the legal status of a company for example a limited or public limited company. It will have capital represented by stock units or shares. In such cases transfer of the enterprise involves the transfer of these shares or stock units by sale, inheritance, donation or some other act of legal business. The regulations governing the transfer of shares and stock units apply to the change of ownership.

If the company is listed on the stock exchange it will be subject to the regulations governing these markets and formal takeover bids. In such cases the National Security Market Commission plays a key role.

Mergers of enterprises with company status also have their own regulations.

If the transfer involves significant changes to the enterprise, then it will often be recorded in the companies register. In other official registers also.

In the case of acquisitions or mergers of large enterprises, market competition rules may come into play.

Taking over an existing company is a worthwhile alternative to setting up a new business.

Resources

Help & advice

Help & advice

E-mail a business organisation near you

The EU runs a network (Enterprise Europe Network) of local business organisations in most European countries that may be able to help you.

Choose your country and town and enter your enquiry below.

Country

Austria

Feldkirch

Graz

Innsbruck

Klagenfurt

Linz

Salzburg

Wien

Belgium

Antwerpen

Arlon

Brugge

Brussels

Charleroi

Gent

Hasselt

Leuven

Libramont

Liège

Mons

Namur

Nivelles

Bulgaria

Dobrich

Plovidiv

Ruse

Sandanski

Sofia

Sofia

Stara Zagora

Vratsa

Yambol

Croatia

Osijek

Rijeka

Split

Varazdin

Zagreb

Cyprus

Nicosia

Czech Republic

Brno

Liberec

Ostrava

Ostrava

Pardubice

Plzen

Praha

Usti nad Labem

Denmark

Aalborg

Copenhagen

Herning

Kolding

Viborg

Estonia

Tallinn

Finland

Helsinki

Oulu

Tampere

Turku

Vantaa

France

Amiens

Annecy

Aulnat

Besançon

Bordeaux

Bourg en Bresse

Caen

Cayenne

Chalons-en-Champagne

Chambéry

Dijon

Fort-de-France

Grenoble

Lille

Limoges

Lyon

Marseille

Marseille

Marseille

Montpellier

Montpellier

Nancy

Nantes

Orléans

Paris

Pointe-à-Pitre

Poitiers

Privas

Rennes

Rouen

Saint-Denis

Saint-Etienne

Strasbourg

Toulouse

Valence

Germany

Berlin

Bremen

Bremenhaven

Chemnitz

Dresden

Düsseldorf

Erfurt

Frankfurt/Oder

Freiburg

Hamburg

Hannover

Kaiserslautern

Kiel

Konstanz

Leipzig

Magdeburg

Mannheim

Mülheim an der Ruhr

München

Potsdam

Reutlingen

Rostock

Saabrücken

Stuttgart

Trier

Ulm

Villingen-Schwenningen

Wiesbaden

Greece

Athens

Heraklion

Ioannina

Kavala

Kozani

Thessaloniki

Tripolis

Volos

Hungary

Budapest

Debrecen

Győr

Nyíregyháza

Pécs

Szeged

Székesfehérvár

Zalaegerszeg

Ireland

Dublin

Italy

Abruzzo

Aosta

Apulia

Apulia

Ascoli Piceno

Basilicata

Bologna

Bologna

Cagliari

Calabria

Calabria

Campania

Catania

Catania

Florence

Genova

Gorizia

Milano

Milano

Milano

Molise

Naples

Naples

Palermo

Palermo

Perugia

Pesaro

Pordenone

Ravenna

Rome

Rovereto

Sassari

Sicily

Terni

Torino

Torino

Torino

Trieste

Trieste

Udine

Venezia

Venezia

Venezia

Latvia

Riga

Lithuania

Kaunas

Klaipėda

Vilnius

Luxembourg

Luxembourg

Malta

Pieta`

Netherlands

Den Haag

Nieuwegein

Norway

Ås

Oslo

Stavanger

Tromsø

Poland

Bialystok

Gdańsk

Kalisz

Katowice

Kielce

Konin

Kraków

Lublin

Lublin

Olsztyn

Opole

Poznań

Rzeszów

Szczawno-Zdrój

Szczecin

Szczecin

Toruń

Warsaw

Warsaw

Wroclaw

Zielona Góra

Łódź

Portugal

Aveiro

Braga

Coimbra

Évora

Faro

Funchal

Lisboa

Ponta Delgada

Porto

Romania

Arad

Bacau

Bucuresti

Cluj-Napoca

Constanta

Craiova

Galati

Iasi

Ramnicu Valcea

Timișoara

Slovakia

Bratislava

Prešov

Slovenia

Koper

Ljubljana

Maribor

Spain

Albacete

Alicante

Badajoz

Barcelona

Bilbao

Bilbao

Ciudad Real

Donostia- San Sebastian

Ferrol

Las Palmas de Gran Canaria

Llanera

Logroño

Madrid

Murcia

Oviedo

Palma

Pamplona

Paterna (Valencia)

Santa Cruz de Tenerife

Santander

Santiago de Compostela

Sevilla

Toledo

Valencia

Valladolid

Vitoria- Gazteiz

Zaragoza

Sweden

Borlänge

Göteborg

Jönköping

Kramfors

Luleå

Malmö

Örebro

Östersund

Stockholm

Umeå

Västerås

Växjö

United Kingdom

Belfast

Bristol

Cambridge

Cardiff

Coventry

Inverness

London

Manchester

Newcastle

Yorkshire and Humber

Enter your message here

* required field (you must enter data here)