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Work when you want, how you want and with the support you need

Our spaces are made for professionals like you, who have decided to take the step of working outside the home and who responsibly assume the great challenge of entrepreneurship. You will have bright and quiet spaces, where concentrating on your daily tasks will be very easy.

IL COWORKING & LEGAL SERVICES is the place you have been wanting so you can work the hours or days you need. Our best business card is the high level of satisfaction that we obtain from all the people who have already enjoyed our facilities.

With a range of hours perfectly adaptable to your needs, you have meeting rooms, offices or permanent positions where a responsible work environment is generated and with an atmosphere that encourages networking and the exchange of ideas.

Not only will you have an office in the most appropriate place for your activity, but you will also have everything you need to make your work easier, with coffee and water at your disposal, printing service, Wi-Fi and, if so precise, the support of an absolutely professional and qualified secretarial team that will help you with everything you need.

Have you imagined having your professional headquarters in the center of Madrid? Today you can make it happen. We are aware that working in a central and well-connected location will open up a world of new possibilities. But not only that, we also offer you the added value of having legal support on any issues you may need, as well as domiciling your company or having expert advice on accounting or tax matters. And what is better, with affordable and comfortable rates.

We are of the opinion that large professional or business initiatives are difficult to make a reality individually. For this reason, we continue to strive to make you feel comfortable at IL COWORKING and LEGAL SERIVICES.

We have the best place you could ever imagine to work, with the best possible inspiration. There is a wise proverb that says “If you want to go fast, go alone. If you want to go far, go accompanied.” Count on us.

BUSINESS STRATEGY

I want to start and I don't know where to start

Every entrepreneur must have essential knowledge that serves as tools to successfully launch a new business. It may be the case that the entrepreneur already has some previous experience in the area in which he will dedicate his activity, but it is important to take into consideration a series of basic premises so that the effort undertaken is not in vain.

In any case, it is important to emphasize that you can have an idea, product or service that is excellent, but for it to bear fruit properly it is essential to implement a set of complementary strategies in which you will need expert external support: marketing strategies , accounting and finance support for investment and budget control, legal forms of a company, among many other issues.

It is important to emphasize that it is very difficult, if not impossible, for a single person to carry out an entrepreneurial project without the support of a qualified team, for which management skills are also required for its management and management. tion. The important thing is to be able to optimize all the potential you have and prepare to take on the challenge.

In short, if you want to start a business, where do you start? Here we share some key aspects that you should consider before starting your new business.

• Define the issue you are interested in developing.

It is proven that those who start out of opportunity have a better chance of success than those who do it out of necessity, because the important thing is to choose the best time to start, with an idea, product or service that serves as a basis and supports the entire business model. implement. Define correctly

You must ask yourself: What is your value? What do you want to get? And build your project around the answers.

• Generates a business and management model

Although each entrepreneurial model may be absolutely different when it comes to making it a reality, it is essential, in any case, that you adequately design the business model that will support it, as well as the corporate or commercial form to be developed. In short, more than having a good idea, you have to know how to develop it. Many times we make the mistake that with an idea a company can be set up on its own if it is sufficiently innovative and original, but that would be a serious mistake, given that your project must be accompanied by correct business management skills.

• Know the market in which you will operate

The target market, target market or target group is the group of people to whom your product or service is directed. If you do not know your target market well, it is most likely that your project will not prosper.

Collect information about your current and potential customers, analyze the competition and build the profile of your potential customers, with the crucial objective of analyzing whether your value offer will meet your customers' expectations. Once you have defined your target market, carry out tests to ensure it is correct and to identify possible opportunities. An interesting signal that will tell you if the selection of your target market is appropriate is the effectiveness of advertising on different channels, especially on social networks where you can make a more specific segmentation.

• Make a business plan and seek support

This complex part, but very necessary. You must work on that document in which you will clearly detail the company's objectives, strategies, mission and vision, but above all that contains the economic part, that is, the feasibility of the business. This document is vital because it will help you get the project off to a good start and, above all, to seek financing. Without financial or economic support, or from the administration, it will be difficult to start.

STARTUP

One in ten startups consolidates in its first three years

The number of startups grows significantly in our country every year. In fact, 2023 closed with a number slightly higher than 23,000 companies, yes, with a large part focused on specific Autonomous Communities, such as Madrid, Catalonia and Andalusia.

Although they are still only 4% of the total number of Spanish companies that currently exist, it is advisable to follow them closely, because they will continue to grow.

The technological advances that are part of their work model, as well as new ideas related to previously less common professional sectors, are the reason why many entrepreneurs opt for startups.

Now, the path to success remains quite complex. There are many variables that cause the vast majority of startups to fail to consolidate, and even end up closing. Knowing well what they need and what the characteristics of those that come out ahead are essential for those that remain to come.

We must be realistic and it is important to emphasize that more than 50% of emerging companies, that is, startups, fail in their first four years. And only one in ten manages to stabilize before three years from its beginning.

These are the data provided by the National Institute of Statistics, and also confirmed by the Inter-American Development Bank. And it is not the only critical data, because this study also specifies that last year more than 26,000 companies closed in Spain, and that this data also grew by 10% compared to the previous year.

Given these data, one may be especially pessimistic and think that their future project is not going to turn out well. But there is something that all analysts agree on, and that is that the problem is not that there are bad ideas, but that the execution of the different development phases is not adequate in many cases.

The Inter-American Development Bank states that the three main problematic pillars that most startups argue when they fail are:

• The speed with which society's consumption habits change.

• The current socioeconomic situation and the high level of uncertainty.

cThe difficulties in adapting to technological advances

The key to success so that more startups get ahead in the future

There is no specific recipe that guarantees success, of course. But there are some ingredients that all successful companies share, and that can serve as a reference:

• Create a team with all the mandatory professional profiles. Making everyone dedicate themselves to all the tasks only lowers productivity and also leads to a more mediocre drift.

• Develop a very clear and very well communicated value proposition. Marketing is fundamental, because without it, a good idea will not be heard by those who must do it for the business to move forward.

• Prioritize execution over the idea. Everything that has to do with the economy of the company, external communication, future plans and so on are exactly as important as the primary idea.

• Flexibility is a variable always to be taken into account. It is important to draw up a strategy and have clear steps, but you must always be prepared for inconveniences that require a certain flexibility and improvisation.

Not everyone succeeds when trying to carry out their own projects, but the truth is that good planning will always help.

RISE OF “FEMTECH”

The importance of entrepreneurship taking into account the gender perspective

Improve the well-being and health of women: this is the purpose of 'femtech', an emerging sector that combines technology and medicine and shows that it is possible to undertake a business with a gender perspective.

We are not talking in any case about a future, but about a reality, since this sector accounts for an annual global investment that exceeds 25,000 million euros and it is expected that, by the year 2030, it will move more than 88,000 million euros

In addition, currently more than 1,800 startups have been identified that develop solutions for different areas of women's health, such as maternity, menstruation or fertility. Knowing some successful companies within 'femtech' can inspire other professionals to undertake business with a gender perspective.

The term femtech was first coined by Ida Tin, one of the co-founders of the well-known app Clue, which helps women monitor their menstrual health. This name refers to the entire set of technologies that can be used to address and analyze issues that have to do with women's health.

Furthermore, each time these startups expand their radius of action towards issues such as inequality in basic health care for men and women, as well as access to nutrition and adequate education on these topics.

Innovations from femtech startups can include applications that help women constantly check their health and devices that complement this, such as birth control platforms, pelvic floor stimulators and even feminine hygiene products.

The rise of these startups, which in many cases are led and developed by women, has meant that, as we say every time, investment and interest in investing in them grows.

Female entrepreneurship: breaking the barrier of conciliation, digitalization and financing

On many occasions, stereotypes and barriers to access financing make it difficult for women to start businesses. Betting on conciliation, redefining the figure of the entrepreneur and new business and digital models are some of the keys to ensuring that entrepreneurial opportunities are equal. Although the role of women and their workforce has fortunately evolved in recent decades, it is no longer just about breaking glass ceilings and occupying leadership positions in large corporations, but we must also take into account consideration that female entrepreneurship is also necessary for social development.

Currently, nearly 130 million women lead established companies, according to data from the Global Entrepreneurship Monitor (GEM). Behind this figure hide countless stories of women who, thanks to their determination, can provide sustenance for their family, while contributing to the prosperity of their environment. "Many times women are entrepreneurs out of necessity, not because of opportunity, vocation or objectives, as is often the case with men," explains the founder of Stealth Mode, Ryan Newton.

Spain is at the forefront of female entrepreneurship, with 9 female entrepreneurs for every 10 men, when the European average is 6 women for every 10, according to GEM data. The gender gap not only refers to the smaller number of female entrepreneurs, but also to the sector to which their businesses belong. Digital and technological, while booming globally, are not yet booming among startups created by women.

DEFAULT MANAGEMENT

Half of companies cannot improve late payment management

The 56% of Spanish companies suffers the negative impact of late payments on their income statement and the 8% states that it runs the risk of closing due to the impact of unpaid debts. This is the snapshot of late payment offered by the Credit Risk Management Study in Spain promoted by Crédito y Caución and Iberinform, in which the managers of nearly 700 companies of all sizes and sectors have participated.

According to the Credit Risk Management Study in Spain, the 44% of Spanish firms faces significant income losses due to late payments and the 24% registers an increase in its financial costs. Furthermore, 13% is forced to stop its commercial expansion and 11% to limit its new investments.

The lack of control over late payment is a risk for business activity. Failure to make agreed payments generates significant liquidity tensions and is especially destabilizing in the operations of smaller companies. If a sale on commercial credit defaults, the loss is equivalent to the production costs of the product.

The impact of a commercial default is accentuated the lower the profit margin, since it multiplies the number of sales with solvent clients necessary to compensate for the loss. If a company with a commercial margin of 10% suffers a default of 10,000 euros, it must generate new business for 100,000 euros to compensate for the impact of the 9,000 in production costs.

The truth is that, although the Late Payment Law establishes a maximum payment period of 60 days in commercial operations, which is reduced to 30 days if the public administration pays, companies and the self-employed know, for Unfortunately, the reality is very different.

This represents a major business problem, especially for SMEs, micro-businesses and the self-employed, since late payments can endanger their viability.

However, managing these late payments is not easy. According to Intrum's 'European Payments Report 2023', the 82% of the Spanish companies consulted assures that they have received requests from their clients to accept invoice payment terms longer than they would like, either by from a large or multinational company (67% of those surveyed), by an SME (52%) or by a public company (19%). Furthermore, this percentage is increasing, since a year before it stood at 76%.

More than two-thirds of the companies (69%) acknowledge having given in to pressure, accepting longer deadlines than they wanted. Furthermore, more than half of the companies (52%) admit to having made this concession to large companies, while 38% conceded to the demand of SMEs and 14% accepted the request of a public company.

But what happens if we do not accept the extension of the deadline and the invoice payment does not arrive? According to the Study of 'credit risk management in Spain' carried out, only 13% of companies currently initiate recovery actions when an invoice expires.

This analysis specifies that it is one of the lowest percentages in the historical series, which reveals that companies are reacting to the liquidity tensions of their clients by delaying the start of invoice collection actions so as not to deteriorate the business relationship. In this same direction, the Intrum study reveals that the 50% of the companies acknowledges having accepted longer payment terms so as not to damage their relationship with customers.

The enormous flexibility that companies offer today is notable. The truth is that a third of companies allow customers to be more than 90 days late in payment before considering a delinquent loan.

In addition, companies are offering many more facilities in the collection of invoices, so that more than half of the companies waive the collection of late payment interest for commercial operations.

WE HAVE THE ANSWER TO YOUR NEEDS

IL Coworiking & Legal Services was born with the aim of providing you with a unique, modern workplace adapted to your needs.
Our space in the center of Madrid is the ideal place to make your needs come true.
In addition, we offer you countless optional support services, whether of an administrative nature or advice on accounting or tax matters, as well as legal guidance on commercial matters or legal assistance in other areas of law.

CURRENT TAX

Telephone attention in the 2023 Income Campaign: from what telephone numbers can the Tax Agency call you?

The last of the three stages of the 2023-2024 Income Campaign has already been opened: you can now make an appointment to carry out this procedure at a Tax Agency office with one of the Treasury officials. Appointments can be made until June 28 for the in-person presentation of income tax returns, which will run from Monday, June 3 to Monday, July 1.

The Tax Agency can only call you in relation to the Income Campaign if you have requested an appointment through any of the channels available for this purpose. When the Tax Agency contacts you, it will do so exclusively through this telephone number: 810 520 052 (or from 917276222 if you have provided us with a foreign telephone number).

The advice that the Tax Agency conveys is that this telephone number be incorporated into your phonebook, in order to properly identify the calls received from it. Likewise, the Tax Agency advises us not to answer calls from other telephone numbers, hidden calls or messages in mobile messaging applications such as WhatsApp, Telegram, etc., that are identified as from the Tax Agency in relation to the Tax Agency Campaign. Rent.

Documentation that you need to provide at your prior appointment

The Tax Agency has recalled the documentation that taxpayers must have to present the Income Tax return in person:

• Documentation referring to the personal situation: the original DNI of the holder of the appointment and the photocopy of the DNI of those who appear in the declaration, an IBAN number of a bank account, the cadastral references of the properties they own or in the who lives on rent and the authorization signed by other declarants (and a photocopy of their ID) to make and present the declaration on their behalf, if applicable.

• Any proof necessary to prove the right to enjoy regional deductions: NIF of the landlord, amounts paid in rent, balances pending amortization in primary residence, mortgage insurance receipts, proof of donations...

• In addition, you must provide the supporting documents of the income that the taxpayer has received, provided that they do not appear in the tax data, in relation to work income, income from real estate capital or from movable capital, gains or losses from transferring primary residence or motivated by the transfer of other assets.

Types of tax in this year's Corporate Tax

Given the proximity of the annual corporate tax processing for most companies, we remind you that, in general, the rate applicable to public limited companies and limited companies is 25%. Now, there are a series of reservations regarding the corporate tax rate, fundamentally motivated by support for small companies, newly created companies or startups, among others. Thus, in the case of SMEs, microenterprises and small entities, the rate is 23%. This is a reduced rate introduced from January 1, 2023 for companies and entities whose turnover in the previous year is less than 1 million euros. For their part, in the case of newly created companies that carry out economic activities, they will also be entitled to a special reduced rate of 15%, applicable in the first tax period in which the tax base is positive and in the following one.

In the case of emerging companies, qualified as such by ENISA for meeting the requirements established in the Startup Law, the rate to be applied in the first tax period in which the tax base is positive and in the following one as well. It will be 15%. According to the Startup Law, it will apply to those companies that are newly created or have a maximum of 5 years of life, with headquarters in Spain, majority percentage of the workforce with a contract in Spain, innovative and scalable activity, without being listed on a regulated market or having distributed dividend and with an annual turnover of less than 10 million. Likewise, tax-protected cooperatives have a reduced tax rate, establishing themselves at a 20%, as well as non-profit entities that apply the tax regime provided for in Law 49/2002, with a rate of 10%. Likewise, there is a notable reduction in the rate for Investment Companies and Funds and Bank Asset Funds, establishing the 1% tax rate.

Commercial News

The importance of partner agreements to avoid problems in the future in companies

The partners' agreement is an agreement outside the deed of incorporation and the bylaws of the company, which is signed between some or all of the partners, and whose purpose is to complete or specify said documents in some matters, such as laying the foundations to regulate the conditions, rules and terms that exist for the entry of new partners and investors into a company, or to regulate how the departure of a partner should be and what additional conditions their abandonment of the company may entail, among other aspects.

In short, this type of shareholder agreements complete and specify the corporate statutes. The Capital Companies Law establishes what issues can be incorporated into the statutes (art. 23) and accepts, in parallel, that there may be agreements between partners (art. 29).

These types of agreements are only valid between the signatories, in accordance with article 29 of the Capital Companies Law, who can mutually demand their compliance and, where appropriate, compensation for damages in the event of non-compliance. . Consequently, the company will not be bound by what these agreements say, and the agreements adopted according to the statutes will be valid.

For this reason, and as a general rule, there is jurisprudence by which the courts do not admit that a shareholders' meeting agreement is challenged for violating a shareholders' agreement. It is only possible to challenge agreements that go against the law or the statutes, or harm the corporate interest for the benefit of one partner (or several) or third parties. To overcome this obstacle, the company itself could be required to sign the shareholders' agreement, in order to be aware of it.

For greater legal certainty, the pact should be signed not only by current partners, but also by future ones.

In any case, it is advisable that you review the statutes of your company to ensure that the agreement does not contradict them and, if they are not aligned, introduce the appropriate statutory modifications.

Property and Commercial Registries begin a new digital era

The Corps of Property, Commercial and Movable Property Registrars has recalled the implications of the entry into force of the application of Law 11/2023, of May 8, which displaces the public faith of registration of physical books to electronically signed pages in all Registries of the national territory.

It has been highlighted that the new digital era will combine technological innovation with in-person attention to citizens and a historic advance has been claimed in favor of legal security and control of legality.

The digitization of the Registries involves the consolidation of the electronic Registry and the electronic Headquarters. In recent years, a continuous process of modernization of systems and procedures has been undertaken that has allowed, for example, offering services such as obtaining online registration advertising from anywhere in the world. From now on, the entire modernization procedure will be officially implemented. technological.

Any document that must be signed by the registrar will be signed with his or her qualified electronic signature, something that will provide greater certainty and security to the signature of the entries that, without the need for printing, will remain under the safeguard of the courts once signed. . This will guarantee dynamic online advertising, which will promote transparency, since it will allow knowing in real time the status of ownership and charges of the properties and the situation of commercial companies.

Law 11/2023 has also modified the Mortgage Law to establish that all documents leaving the Registries must reflect the history of incidents of the documents. From what day it was presented, or when the qualification was suspended and what day it was registered.

Among the new registry services, the one called “How is mine going” stands out, which will allow consultations regarding the situation of procedures, to know at what exact moment your request is being managed or processed. Also a Secure Verification Code (CSV) checking service. Likewise, video assistance will be incorporated in the search for personal advice for all people who request it. In addition, limited liability companies whose contributions are monetary may be established entirely online.

Job Current

Labor obligations for companies with less than 50 workers

It is common for companies to consider that a large part of the obligations regarding labor policies apply only to companies with 50 or more workers.

However, labor regulations not only contemplate duties and obligations for companies that exceed this number of employees, but employers whose companies do not have 50 employees must also meet a series of obligations, highlighting the following: :

• Equality: All companies, regardless of the size of their workforce, must have a protocol for the prevention of sexual and gender-based harassment, as well as the prevention of workplace harassment, with the aim of promoting working conditions that prevent conduct against freedom. sexual and against moral integrity at work.

There must also be a protocol for the prevention of discrimination.

Although companies with less than 50 workers are not required to implement an Equality Plan, they must adopt measures aimed at avoiding any type of discrimination between men and women.

• Digital devices: Companies must have a policy for the use and control of digital devices, and inform their staff of the criteria for using these tools and that the right to privacy will be guaranteed. Likewise, you must have a digital disconnection policy.

• Video surveillance: If your company has video surveillance and geolocation measures, you must inform workers about the existence of these devices and their characteristics.

• Telecommuting: When, in a reference period of three months, the remote work of its employees represents a minimum of 30% of their working day, the company will be obliged to formalize, in writing, a remote work agreement.

• Prevention: Any company must have an occupational risk prevention plan to guarantee the safety and health of workers.

• Day record: All companies must have a workday registration system through which workers record the specific start and end times of their workday.

• Remuneration record: To guarantee that discrimination does not occur between men and women, all companies must have a record that reflects all the salary and extra-salary receipts of their employees, disaggregated by sex and distributed by professional groups and categories. or equal jobs or jobs of equal value.

Unemployment benefits may be made compatible with work activity

The Royal Decree-Law has been approved to simplify and improve the level of unemployment protection assistance. Workers who take advantage of the new model of the unemployment assistance level will enjoy simpler access, will enjoy better protection and will be able to make unemployment subsidies and benefits compatible with work activity, as stated in the agreement reached within the framework of the dialogue. social with the most representative union organizations.

Beneficiaries, in situations of long-term unemployment, are incorporated as a priority into programs and actions that enable their reintegration into the labor market with guaranteed access to the services of the Common Portfolio of Services of the National Employment System. In addition, the current deduction for part-time work is eliminated. Returned Spanish emigrants without the right to contributory benefits will be able to access the subsidy. Likewise, the calculation of income is modified in such a way that the applicant who exceeds 75% of the Minimum Interprofessional Wage (SMI) will not be excluded, but family responsibilities will be considered when the total income of the family unit between the number of people that form it, (including the applicant) does not exceed 75 percent of the SMI. Likewise, women over 16 years of age who are victims of gender violence will be able to access the newly created specific subsidy, with the same amounts as the ordinary subsidy.

For its part, the so-called Employment Support Complement is the instrument of compatibility of both the unemployment benefit and the ordinary benefit with labor incorporation. It may be extended for a maximum period of 180 days after exhausting one year of subsidy.

News

We continue to promote the prominence of IL Coworking & Legal Services in debate centers on entrepreneurship

We announce that we are going to continue our regular participation in Radio Intereconomía during the coming weeks, within the program “Businesses of Flesh and Bone”, directed by Mariló Sánchez Fuentes, a leading program that empowers and exalts the figure of the entrepreneur and businessman, as the main source of wealth for a country.

In his last speech, our founder, Manuel Lamela, once again praised the support role that we play in different areas, such as legal, accounting or tax advice, among others, with the intention of contributing to the success of the businessman in those fields. where it may be most unattended.

With this initiative from IL Coworking & Legal Services we give a determined push to promote our involvement in prestigious informative forums, with the desire to publicize the different tools that entrepreneurs have to overcome obstacles and continue growing.

If you need legal support, count on us

IL COWORKING & LEGAL SERVICES has signed a collaboration agreement with the firm ACOUN-TAX MADRID, through which all our clients, if they so wish, will be able to access important value-added services.

Under this agreement, IL COWORKING & LE-GAL SERVICES offers optional support and advisory services for self-employed workers and entrepreneurs that include the possibility of corporate domiciliation, administrative and secretarial management, as well as advice on accounting, taxation or legal support in all branches of law covered by the ACOUNTAX MADRID firm.

For all clients of IL COWORKING &LEGAL SERVICIES, a system of special rates and fees has been planned that will facilitate access to the experience and specialization of the ACOUNTAX MADRID team of lawyers.

In the modern era, where technology has blurred the traditional boundaries of the workplace, a crucial question arises: is it more productive to work from home or from an office? This question is especially relevant for coworking spaces that seek to attract clients by offering an optimal environment for professional performance.

Working in an office or a coworking space comes with its own benefits. These spaces are designed specifically to enhance the productivity.

Modern coworking spaces have evolved to offer the best of both worlds. They offer the flexibility and comfort of a home, along with the structural and collaborative advantages of a traditional office. Many co-working spaces are equipped with cutting-edge technology, meeting spaces, and breakout areas, all designed to maximize productivity and comfort.