{"id":11815,"date":"2021-04-12T12:07:55","date_gmt":"2021-04-12T10:07:55","guid":{"rendered":"https:\/\/etl-ilia.es\/due-diligence\/"},"modified":"2026-04-30T11:38:14","modified_gmt":"2026-04-30T09:38:14","slug":"due-diligence","status":"publish","type":"page","link":"https:\/\/etl-ilia.es\/en\/due-diligence\/","title":{"rendered":"Due Diligence"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling titulo-microsite-container\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 titulo-microsite\"><p><a href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/\">DUE DILIGENCE<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-bg-parallax\" data-bg-align=\"left center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/modelo-720-iliaconsultoria-header.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#545454\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-position:left center;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:80px;--awb-padding-bottom:80px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#545454;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/modelo-720-iliaconsultoria-header.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_5 1_5 fusion-flex-column fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-bg-size:cover;--awb-width-large:20%;--awb-margin-top-large:0px;--awb-spacing-right-large:9.6%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:9.6%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-block\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_3_5 3_5 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:15px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.2%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInDown\" data-animationDuration=\"0.6\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-block\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:35px;--awb-margin-right-small:0px;--awb-margin-bottom-small:35px;--awb-margin-left-small:0px;--awb-font-size:28px;\"><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:28;line-height:1.4;\"><strong>Due Diligence<\/strong><\/h1><\/div><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:0px;margin-bottom:35px;width:100%;max-width:50px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:#169e8c;border-color:#169e8c;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two subtitle-2\" style=\"--awb-text-color:#ffffff;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:18px;\"><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:18;--minFontSize:18;line-height:1.3;\">We offer you a Due Diligence service to assess the risks inherent in any transaction that involves a business, company, assets, etc., to buy safely.<\/h2><\/div><div class=\"fusion-button-wrapper fusion-aligncenter\"><a class=\"fusion-button button-flat button-xlarge button-custom fusion-button-default button-1 fusion-button-default-span fusion-button-default-type anchor-header\" style=\"--button_accent_color:#ffffff;--button_border_color:#169e8c;--button_accent_hover_color:#169e8c;--button_border_hover_color:#4c4c4c;--button_border_width-top:0px;--button_border_width-right:0px;--button_border_width-bottom:0px;--button_border_width-left:0px;--button_gradient_top_color:rgba(101,188,123,0);--button_gradient_bottom_color:rgba(101,188,123,0);--button_gradient_top_color_hover:rgba(101,188,123,0);--button_gradient_bottom_color_hover:rgba(101,188,123,0);\" target=\"_self\" href=\"#modelo720\"><i class=\"fa-chevron-down fas awb-button__icon awb-button__icon--default awb-button__icon--no-margin button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text awb-button__text awb-button__text--default\"><\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_5 1_5 fusion-flex-column fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-bg-size:cover;--awb-width-large:20%;--awb-margin-top-large:0px;--awb-spacing-right-large:9.6%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:15px;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-block\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-margin-bottom:10px;--awb-flex-wrap:wrap;\" id=\"modelo720\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInRight\" data-animationDuration=\"0.5\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2\"><p class=\"destacado-inline\">Any commercial transaction requires a prior study to analyse risks of any nature and obstacles that may affect the purpose of the transaction to be carried out.<\/p>\n<p>To carry out this <strong>analysis<\/strong>, it is essential to have the help of a team of experts who <strong>analyse the object of the transaction<\/strong> from a commercial, labour, accounting, and tax point of view, among other aspects.<\/p>\n<p>At <strong>ILIA ETL GLOBAL<\/strong>, we have a team of professionals specialised in <strong>Due Diligence<\/strong> processes of various kinds such as:<\/p>\n<\/div><ul style=\"--awb-size:16px;--awb-iconcolor:#222222;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;\" class=\"fusion-checklist fusion-checklist-1 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><a href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/tax-audit\/\" target=\"_blank\" rel=\"noopener\">Tax Due Diligence<\/a><\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Labour Due Diligence<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><a href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/accounting-audit\/\" target=\"_blank\" rel=\"noopener\">Accounting Due Diligence<\/a><\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><a href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/financial-audit\/\" target=\"_blank\" rel=\"noopener\">Financial Due Diligence<\/a><\/div><\/li><\/ul><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-margin-bottom:40px;--awb-flex-wrap:wrap;\" id=\"modelo720\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInRight\" data-animationDuration=\"0.5\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-3\"><p style=\"margin-bottom: 5px;\">We also carry out services related to:<\/p>\n<\/div><ul style=\"--awb-size:16px;--awb-iconcolor:#222222;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;\" class=\"fusion-checklist fusion-checklist-2 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><a href=\"https:\/\/etl-ilia.es\/en\/buy-and-sell-shares\/\" target=\"_blank\" rel=\"noopener\">Buy and sell shares and companies<\/a><\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><a href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/business-valuation\/\" target=\"_blank\" rel=\"noopener\">Business Valuation<\/a><\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">Acquisition process<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">International structures<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Valuation reports<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-angle-double-right fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Search for buyers<\/p>\n<\/div><\/li><\/ul><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:70px;--awb-padding-bottom:0px;--awb-background-size:cover;--awb-flex-wrap:wrap;background-attachment:fixed;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2019\/12\/modelo-720-background-ilia-consultoria.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_4 1_4 fusion-flex-column fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:7.68%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_2 1_2 fusion-flex-column fusion-animated\" style=\"--awb-padding-top:40px;--awb-padding-right:10%;--awb-padding-bottom:40px;--awb-padding-left:10%;--awb-bg-color:rgba(255,255,255,0.95);--awb-bg-color-hover:rgba(255,255,255,0.95);--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#000000;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:22px;\"><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:22;--minFontSize:22;line-height:1.3;\">We are specialists in Due Diligence, and we know what we do.<\/h2><\/div><div class=\"fusion-text fusion-text-4\"><p style=\"text-align: center;\">We carry out a preliminary study to analyse risks and obstacles that may affect the object of the transaction.<\/p>\n<\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat button-small button-custom fusion-button-default button-2 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#ffffff;--button_gradient_top_color:var(--awb-color6);--button_gradient_bottom_color:var(--awb-color6);--button_gradient_top_color_hover:var(--awb-custom_color_1);--button_gradient_bottom_color_hover:var(--awb-custom_color_1);\" target=\"_self\" href=\"#contacto\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Tell Us About Your Needs<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_4 1_4 fusion-flex-column fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.68%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:70px;--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator rounded-split fusion-section-separator-1 rounded-split-separator\" style=\"--awb-spacer-height:71px;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;\"><div class=\"fusion-section-separator-svg\"><div class=\"rounded-split bottom\" style=\"background-color:#ffffff;\"><\/div><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" id=\"toc\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-border-color:#5c5c5c;--awb-border-top:0px;--awb-border-right:0px;--awb-border-bottom:0px;--awb-border-left:0px;--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:10px;width:100%;\"><div class=\"fusion-separator-border sep-double\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#e0dede;border-top-width:0px;border-bottom-width:0px;\"><\/div><\/div><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:right;--awb-hover-color:#f9f9f9;--awb-border-color:#5c5c5c;--awb-background-color:#ffffff;--awb-divider-color:#e0dede;--awb-divider-hover-color:#e0dede;--awb-icon-color:#ffffff;--awb-title-color:#169e8c;--awb-content-color:#666666;--awb-icon-box-color:#333333;--awb-toggle-hover-accent-color:#5c5c5c;--awb-title-font-family:&quot;Lora&quot;;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-content-font-family:&quot;Oxygen&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\" id=\"toc-toggle\"><div class=\"panel-group fusion-toggle-icon-right fusion-toggle-icon-boxed\" id=\"accordion-11815-1\"><div class=\"fusion-panel panel-default toc panel-5f3e991792e5b8b1e fusion-toggle-no-divider fusion-toggle-boxed-mode\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_5f3e991792e5b8b1e\"><a class=\"active\" aria-expanded=\"true\" aria-controls=\"5f3e991792e5b8b1e\" role=\"button\" data-toggle=\"collapse\" data-target=\"#5f3e991792e5b8b1e\" href=\"#5f3e991792e5b8b1e\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">FAQ Due Diligence<\/span><\/a><\/h4><\/div><div id=\"5f3e991792e5b8b1e\" class=\"panel-collapse collapse in\" aria-labelledby=\"toggle_5f3e991792e5b8b1e\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li><a href=\"#what-is-due-diligence\"> 1. What is a Due Diligence? <\/a><\/li>\n<li><a href=\"#tax-due-diligence\"> 2. Tax Due Diligence <\/a><\/li>\n<li><a href=\"#labour-due-diligence\"> 3. Labour Due Diligence <\/a><\/li>\n<li><a href=\"#accounting-due-diligence\"> 4. Accounting Due Diligence <\/a><\/li>\n<li><a href=\"#financial-due-diligence\"> 5. Financial Due Diligence <\/a><\/li>\n<li><a href=\"#legal-due-diligence\"> 6. Legal Due Diligence <\/a><\/li>\n<li><a href=\"#business-valuation\"> 7. Business Valuation <\/a><\/li>\n<li><a href=\"#buy-sell-shares-company\"> 8. Buying and Selling Shares and Companies <\/a><\/li>\n<li><a href=\"#conclusions\"> 9. Conclusions <\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling post-toc\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:20px;--awb-margin-bottom:60px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5 contenido-texto\"><div id=\"what-is-due-diligence\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">1. What is a Due Diligence?<\/h2>\n<p><span data-preserver-spaces=\"true\">A <\/span><strong><span data-preserver-spaces=\"true\">Due Diligence<\/span><\/strong><span data-preserver-spaces=\"true\"> of a company is a <\/span><strong><span data-preserver-spaces=\"true\">study<\/span><\/strong><span data-preserver-spaces=\"true\"> or <\/span><strong><span data-preserver-spaces=\"true\">audit<\/span><\/strong><span data-preserver-spaces=\"true\"> carried out by external consultants who analyse the details of the various areas of the commercial company to check that it complies with the applicable legislation and that there are no legal risks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Due diligence is generally performed in several situations:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">When you want to buy a company.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">When you go to an investment round.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">When there is a change in the company&#8217;s administrative body.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The due diligence process has several phases:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Delivery by the consultant who carries out the study of a <\/span><strong><span data-preserver-spaces=\"true\">list<\/span><\/strong><span data-preserver-spaces=\"true\"> with the documents and information that he needs to carry it out.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Verification by the company of the <\/span><strong><span data-preserver-spaces=\"true\">information<\/span><\/strong><span data-preserver-spaces=\"true\"> it has and delivery of what is requested. If you do not have a document, you must ask or prepare it or explain why you do not have it. If the document does not exist, it may appear as a contingency in the report prepared by the consultants.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Signature of a <\/span><strong><span data-preserver-spaces=\"true\">confidentiality<\/span><\/strong><span data-preserver-spaces=\"true\"> document by the consultants.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Study of the documentation and preparation of the <\/span><strong><span data-preserver-spaces=\"true\">report<\/span><\/strong><span data-preserver-spaces=\"true\">. The duration of this procedure varies greatly depending on the volume of the operation and the information provided. On average, it is usually between three and four weeks.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Preparation of a report that will contain the <\/span><strong><span data-preserver-spaces=\"true\">study<\/span><\/strong><span data-preserver-spaces=\"true\"> of each document and all the contingencies that have been detected and that may affect the sale operation.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Presentation<\/span><\/strong><span data-preserver-spaces=\"true\"> of the report. Finally, the consultant who has prepared the report will present it to his client, explaining in detail each part and, above all, the obstacles or problems that have been encountered.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The <\/span><strong><span data-preserver-spaces=\"true\">Due Diligence report<\/span><\/strong><span data-preserver-spaces=\"true\"> is essential since it may suppose that the sale is not carried out, that additional guarantees are requested from the seller or that a period is established for the contingencies to be solved.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-6 contenido-texto\"><div id=\"tax-due-diligence\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\"><a class=\"nodecoration\" href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/tax-audit\/\" target=\"_blank\" rel=\"noopener\">2. Tax Due Diligence<\/a><\/h2>\n<p><span data-preserver-spaces=\"true\">The goal of a <\/span><strong><span data-preserver-spaces=\"true\">Tax Due Diligence<\/span><\/strong><span data-preserver-spaces=\"true\"> is <strong>to detect potential tax and labour risks<\/strong> to set the Reps &amp; Warranties of the transaction.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-7 contenido-texto\"><div id=\"labour-due-diligence\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">3. Labour Due Diligence<\/h2>\n<p><span data-preserver-spaces=\"true\">The labour aspects of the company being purchased must also be studied to detect contingencies. In the Labour Due Diligence, elements such as:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Work contracts signed with company employees<\/span><\/strong><span data-preserver-spaces=\"true\">. The objective is to see, for example, if there is abuse in temporary hiring, if there are special agreements, shields of a worker and verify if the applicable regulations are met.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Remuneration<\/span><\/strong><span data-preserver-spaces=\"true\">. It is also essential to see what the company&#8217;s remuneration policy is like: fixed, variable, or in-kind remuneration for employees. It will be analysed if the conditions of the applicable collective agreement are met.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Working time<\/span><\/strong><span data-preserver-spaces=\"true\">. The Labour Due Diligence will be analysed if the working calendar, the working day, and the working hours are met. It will also be seen if overtime is adequately paid.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Social Security<\/span><\/strong><span data-preserver-spaces=\"true\">. Social insurance, work accidents, variable remuneration contributions, etc., will be reviewed.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Pending litigation<\/span><\/strong><span data-preserver-spaces=\"true\">. If there is any pending litigation, it will also be reviewed, as well as if there is a pending labour inspection.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Prevention of occupational hazards<\/span><\/strong><span data-preserver-spaces=\"true\">. The company will be analysed to see if the occupational risk prevention regulations are met.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-8 contenido-texto\"><div id=\"accounting-due-diligence\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\"><a class=\"nodecoration\" href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/accounting-audit\/\" target=\"_blank\" rel=\"noopener\">4. Accounting Due Diligence<\/a><\/h2>\n<p>The accounting Due Diligence is carried out jointly with the financial one, and the <strong>accounting statements<\/strong> and the possible risks that may arise are analysed.<\/p>\n<p>The data used for the Accounting Due Diligence and the financial one must be accurate and reliable so that the final report is correct.<\/p>\n<\/div><div class=\"fusion-text fusion-text-9 contenido-texto\"><div id=\"financial-due-diligence\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\"><a class=\"nodecoration\" href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/financial-audit\/\" target=\"_blank\" rel=\"noopener\">5. Financial Due Diligence<\/a><\/h2>\n<p><span data-preserver-spaces=\"true\">The <\/span><strong><span data-preserver-spaces=\"true\">Financial Due Diligence<\/span><\/strong><span data-preserver-spaces=\"true\"> analyses the situation of the company. It aims to understand how the business works, its evolution over time, and its main metrics, in addition to reviewing the accounting aspects and supervisory processes systems.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This <\/span><strong><span data-preserver-spaces=\"true\">analysis<\/span><\/strong><span data-preserver-spaces=\"true\"> is linked to other aspects such as <\/span><strong><span data-preserver-spaces=\"true\">accounting<\/span><\/strong><span data-preserver-spaces=\"true\">, <\/span><strong><span data-preserver-spaces=\"true\">legal<\/span><\/strong><span data-preserver-spaces=\"true\"> or <\/span><strong><span data-preserver-spaces=\"true\">tax<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the financial Due Diligence, the following aspects are analysed:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Evolution of sales and other items (operating expenses, personnel expenses, etc.).<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Calculation of EBITDA to know the profitability of the company.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Analysis of assets and liabilities. It will be seen:<\/span>\n<ul>\n<li class=\"ql-indent-1\"><span data-preserver-spaces=\"true\">If there are any undervalued or overvalued assets.<\/span><\/li>\n<li class=\"ql-indent-1\"><span data-preserver-spaces=\"true\">The coherence of the investments made and the need for working capital.<\/span><\/li>\n<li class=\"ql-indent-1\"><span data-preserver-spaces=\"true\">The net debt according to the period under analysis.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span data-preserver-spaces=\"true\">Study of house flows. The ability of society to generate cash and the level of financing it needs to maintain itself will be studied.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Study of financial projections. They will be analysed to check if they are realistic.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-10 contenido-texto\"><div id=\"legal-due-diligence-legal\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">6. Legal Due Diligence<\/h2>\n<p><span data-preserver-spaces=\"true\">In the <\/span><strong><span data-preserver-spaces=\"true\">Legal Due Diligence<\/span><\/strong><span data-preserver-spaces=\"true\">, aspects that may generate legal liability and that could modify the terms of the transaction are collated. Some of the elements that are analysed are:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Patents and trademarks.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Environmental aspects.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Commercial aspects (articles of incorporation, partner agreements, statutes, powers of attorney, capital applications, ownership of shares or participations, etc.).<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Intellectual property.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Conditions of the lease contracts.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Contracts with suppliers and customers.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Litigation for and against to.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Guarantees provided (bank guarantees, bonds, etc.).<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Agency or distribution contracts.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Data Protection.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-11 contenido-texto\"><div id=\"business-valuation\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\"><a class=\"nodecoration\" href=\"https:\/\/etl-ilia.es\/en\/due-diligence\/business-valuation\/\" target=\"_blank\" rel=\"noopener\">7. Business Valuation<\/a><\/h2>\n<p><span data-preserver-spaces=\"true\">In the <\/span><strong><span data-preserver-spaces=\"true\">sale of a company<\/span><\/strong><span data-preserver-spaces=\"true\">, there are two essential elements: Due Diligence, with all the aspects that we have seen, and the company&#8217;s valuation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The <\/span><strong><span data-preserver-spaces=\"true\">value of a business<\/span><\/strong><span data-preserver-spaces=\"true\"> can be determined in many ways:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">In a static way<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, only the elements of the balance sheet and the income statement are considered.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Dynamically<\/span><\/strong><span data-preserver-spaces=\"true\">. In this case, other elements are considered that can generate value in different areas of the company and increase the price of the company.<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">To value a company<\/span><\/strong><span data-preserver-spaces=\"true\">, it is essential to consider three elements:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Price<\/span><\/strong><span data-preserver-spaces=\"true\">. It is the market value, what a buyer is willing to pay.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Cost<\/span><\/strong><span data-preserver-spaces=\"true\">. This is what it costs to keep the business running, both from an operating cost and a receivable debt point of view.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Value<\/span><\/strong><span data-preserver-spaces=\"true\">. It is a more subjective element because it considers tangible and intangible aspects that can give future profitability to the company.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-12 contenido-texto\"><div id=\"buy-sell-shares-company\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">8. Buying and Selling Shares and Companies<\/h2>\n<p><span data-preserver-spaces=\"true\">The preparation of Due Diligence, as we have seen, is one of the phases of a company buying and selling process. The complete process of buying and selling companies follows the following stages from a buyer&#8217;s point of view:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">Study of various options<\/span><\/strong><span data-preserver-spaces=\"true\">. The buyer analyses different companies available in the market if he wants to buy a company or a share and how much money he wants to invest.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Preparation of the sales notebook<\/span><\/strong><span data-preserver-spaces=\"true\">. With the sales notebook, the companies being sold provide the company&#8217;s essential information to the buyer.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Valuation of the company<\/span><\/strong><span data-preserver-spaces=\"true\">. It is carried out based on the criteria that we have seen in the previous section.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Negotiation and Due Diligence<\/span><\/strong><span data-preserver-spaces=\"true\">. In this phase, the parties initiate contacts to establish the terms of the future agreement and the Due Diligence report of the company for sale is carried out.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Buy offer<\/span><\/strong><span data-preserver-spaces=\"true\">. As part of the negotiation process, the parties can make offers and counteroffers.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Sale and deed closing<\/span><\/strong><span data-preserver-spaces=\"true\">. Finally, the sale will be closed, and the sale contract will be made before a Notary Public.<\/span><\/li>\n<\/ul>\n<\/div><div class=\"fusion-text fusion-text-13 contenido-texto\"><div id=\"conclusions\" class=\"anchor\"><\/div>\n<h2 data-fontsize=\"27\" data-lineheight=\"40\">9. Conclusions<\/h2>\n<p>As you have seen, <strong>Due Diligence<\/strong> is an essential process for the <strong>sale of companies<\/strong> and provides <strong>legal security<\/strong> to the operation. It must be carried out by expert consultants who know how to see the <strong>risks<\/strong> and provide <strong>solutions<\/strong> so that the <strong>transaction<\/strong> goes ahead and closes without prejudice to the <strong>buyer<\/strong>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-blend-mode:screen;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:0px;--awb-background-color:#c9c9c9;--awb-background-size:cover;--awb-flex-wrap:wrap;background-attachment:fixed;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2019\/12\/ilia-consultoria-etl-global-oficinas-02.jpg\" id=\"contact\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch 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