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Why Consider Restructuring Before Insolvency? Key Questions for Business Owners in Spain
Many business owners in Spain still associate corporate restructuring with a company that can no longer survive financially and may be heading toward insolvency proceedings. However, Spain’s 2022 insolvency law reform significantly changed this approach. Through a Plan de Reestructuración(Restructuring Plan), companies may address financial difficulties before reaching a state in which they can no longer…
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Why Do Existing Financial Processes Struggle as Businesses Grow?
When companies first establish operations in Spain, their financial processes are often relatively simple. The business team focuses on sales and operations, invoices are collected throughout the month and sent to the finance department or an external accounting firm at month-end, and the finance team handles bookkeeping and quarterly VAT filings. For smaller businesses, this…
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