Translator Reviews ( Japanese → English )

Japanese

対発行済でx%を保有する経営陣が500万円でSPC設立し、SPCを通じてベンチャーキャピタルから5億円を調達し株式の買取りを行うと、合併後出来上がりの株主構成が、経営陣60%、ベンチャーキャピタル20%、既存株主20%となる資本再構成のストラクチャーを2種類の種類株式によって実現。この際、資金調達時のSPCの企業価値（10億円）と買取時のA社の企業価値（1億円）が異なることから税務リスクが生じると会計事務所から指摘を受けたが、社債に近い設計とすることでリスクを解消した

English

Management with x% ownership of issued sticks establishes a SPC with 5 million yen, and then buy the stocks financing 500 million yen from the venture capital through the SPC. After the maeger, the owner of capital will be: Management 60%, Venture capital 20%, The existing stockholders 20%. This structure of capital remodelling will be realized with two classes of stocks. In this case, the accounting firm pointed out the tax risk that there is difference between the value of SPC (1 billion yen) at the point of financing and the vale of A company at the point of stock purchase. We avoided the risk creating te scheme similar to bonds.