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Case Study of Company Law - Mock Exam Two entrepreneurs set up a Spain-based company (LLCLimjted Liability Company) with an initial capital of 10.000 Euros
Case Study of Company Law - Mock Exam Two entrepreneurs set up a Spain-based company (LLCLimjted Liability Company) with an initial capital of 10.000 Euros under a 50%-50% basis. One year later, their financial needs increase up to 100.000 Euros. A business angel offers to invest in their company the required amount (90.000 Euros). The two entrepreneurs are concerned about legal consequences deriving from this desired investment. Are they losing the control of their company? You're their business advisor. Advise them how to proceed in order to address legal risks, and to prevent loss of control of their company. In addition, draft at least two of the provisions that should be included in the investment agreement to be entered into between the investor (business angel) and the entrepreneurs to address legal risks and/or prevent the effects of the loss of control of the company
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