# gafron.law

> Focused German business law firm based in Berlin for M&A, venture capital and corporate law. The site is German-first, with English translations under `/en/`. gafron.law is a two-lawyer transaction practice under German law; the founder is the fixed contact on every matter.

This is the LLM index for the public website. Use these URLs for discovery and citation. Ignore legacy redirect URLs. The website provides general information, educational content and calculation tools; it is not a substitute for legal advice. For extended context, see [llms-full.txt](https://gafron.law/llms-full.txt).

## Core Pages

- [Homepage (German)](https://gafron.law/): Entry point for the firm, practice areas, knowledge resources and calculators.
- [M&A (German)](https://gafron.law/m-a/): Business acquisitions, company sales, succession situations, due diligence and SPA negotiation.
- [Venture Capital (German)](https://gafron.law/venture-capital/): Financing rounds, term sheets, convertible loans, employee equity and dilution topics.
- [Corporate Law (German)](https://gafron.law/gesellschaftsrecht/): GmbH and corporate-law matters, formations, restructurings, governance and shareholder documentation.
- [Team (German)](https://gafron.law/team/): Team profile, focus areas, qualifications and language capability.
- [Contact (German)](https://gafron.law/kontakt/): Contact and matter-intake page.
- [Knowledge Hub (German)](https://gafron.law/wissen/): Articles, video courses and tools on German corporate and transaction topics.
- [Homepage (English)](https://gafron.law/en/): English entry point for the firm.
- [M&A (English)](https://gafron.law/en/m-a/): English service page for transaction work.
- [Venture Capital (English)](https://gafron.law/en/venture-capital/): English service page for VC financing work.
- [Corporate Law (English)](https://gafron.law/en/gesellschaftsrecht/): English service page for corporate-law matters.
- [Team (English)](https://gafron.law/en/team/): English team profile.
- [Contact (English)](https://gafron.law/en/kontakt/): English contact and matter-intake page.
- [Knowledge Hub (English)](https://gafron.law/en/wissen/): English knowledge hub.

## Interactive Calculators

- [Beteiligungsrechner](https://gafron.law/beteiligungsrechner/) / [Startup Valuation Calculator](https://gafron.law/en/beteiligungsrechner/): VC-method valuation, target return and dilution logic.
- [Anti-Dilution-Rechner](https://gafron.law/anti-dilution-rechner/) / [Anti-dilution calculator](https://gafron.law/en/anti-dilution-rechner/): Full ratchet, broad-based weighted average and narrow-based weighted average scenarios.
- [Cap-Table-Simulator](https://gafron.law/cap-table-simulator/) / [Cap table simulator](https://gafron.law/en/cap-table-simulator/): Multi-round ownership modelling with investors, ESOP and convertible notes.
- [DCF-Rechner](https://gafron.law/dcf-rechner/) / [DCF valuation calculator](https://gafron.law/en/dcf-rechner/): Discounted cash flow valuation, WACC/CAPM, terminal value and sensitivity matrix.
- [Earn-Out-Rechner](https://gafron.law/earn-out-rechner/) / [Earn-out calculator](https://gafron.law/en/earn-out-rechner/): Scenario-based earn-out structures, caps, floors and sensitivity logic.
- [Equity-Bridge-Rechner](https://gafron.law/equity-bridge-rechner/) / [Equity bridge calculator](https://gafron.law/en/equity-bridge-rechner/): Enterprise-value-to-equity-value bridge, locked box, closing accounts and working-capital adjustments.
- [Liquidationspraeferenz-Rechner](https://gafron.law/liquidationspraeferenz-rechner/) / [Liquidation preference calculator](https://gafron.law/en/liquidationspraeferenz-rechner/): Exit proceeds waterfall with multiple investor tranches.
- [Vesting-Simulator](https://gafron.law/vesting-simulator/) / [Vesting simulator](https://gafron.law/en/vesting-simulator/): Founder and employee vesting, cliffs, leaver cases and an illustrative tax orientation (not a tax comparison).
- [Notarkostenrechner](https://gafron.law/notarkosten-rechner/) / [Notary fee calculator](https://gafron.law/en/notarkosten-rechner/): German notary and court fee estimates for formations, financing rounds and share deals.

## Video Courses

- [Startup Funding Videokurs](https://gafron.law/startup-funding-videokurs/) / [Startup funding video course](https://gafron.law/en/startup-funding-videokurs/): Fourteen-part German-language VC financing course.
- [ESOP Videokurs](https://gafron.law/esop-videokurs/) / [ESOP video course](https://gafron.law/en/esop-videokurs/): Nine-part German-language course on employee equity and ESOP/VSOP structures.

## Knowledge Articles

- [M&A-Transaktion: Wer woran arbeitet](https://gafron.law/wissen/berater-in-m-a-transaktionen/) / [M&A transaction roles](https://gafron.law/en/wissen/berater-in-m-a-transaktionen/): Advisers, parties and workstreams from LOI to closing.
- [Bilanzgarantien](https://gafron.law/wissen/bilanzgarantien/) / [Balance sheet warranties](https://gafron.law/en/wissen/bilanzgarantien/): SPA warranty scope, risk allocation and drafting.
- [Earn-Out-Klauseln](https://gafron.law/wissen/earn-out-klauseln/) / [Earn-out clauses](https://gafron.law/en/wissen/earn-out-klauseln/): Models, reference metrics, drafting risks and disputes.
- [Locked Box vs. Closing Accounts](https://gafron.law/wissen/locked-box-closing-accounts/) / [Locked box vs. closing accounts](https://gafron.law/en/wissen/locked-box-closing-accounts/): Purchase-price mechanisms in M&A.
- [Wandeldarlehen](https://gafron.law/wissen/wandeldarlehen/) / [Convertible loans](https://gafron.law/en/wissen/wandeldarlehen/): Structure, key terms and negotiation pitfalls in VC financing.
- [GmbH Haftungsbeschraenkung](https://gafron.law/wissen/gmbh-haftungsbeschraenkung/) / [GmbH liability limits](https://gafron.law/en/wissen/gmbh-haftungsbeschraenkung/): Personal exposure risks for founders, shareholders and managing directors.
- [KWG-Erlaubnis bei Darlehen](https://gafron.law/wissen/kwg-erlaubnis-bei-darlehen/) / [Banking licence for lending](https://gafron.law/en/wissen/kwg-erlaubnis-bei-darlehen/): When commercial lending may require prior authorisation.
- [Wirtschaftliche Neugruendung](https://gafron.law/wissen/wirtschaftliche-neugruendung/) / [Economic re-formation](https://gafron.law/en/wissen/wirtschaftliche-neugruendung/): Risks of reactivating dormant GmbHs and UGs.
- [Mitteilung wesentlicher Beteiligungen](https://gafron.law/wissen/mitteilung-wesentlicher-beteiligungen/) / [Section 20 AktG notification duties](https://gafron.law/en/wissen/mitteilung-wesentlicher-beteiligungen/): Disclosure duties and temporary loss of shareholder rights.
- [Zulaessige Firma](https://gafron.law/wissen/zulaessige-firma/) / [Permissible company name](https://gafron.law/en/wissen/zulaessige-firma/): Commercial-register naming checks.
- [Rechtsformwahl: Uebersicht](https://gafron.law/wissen/rechtsformwahl-1-uebersicht/) / [Legal form overview](https://gafron.law/en/wissen/rechtsformwahl-1-uebersicht/): Choosing a legal form for a business.
- [Personengesellschaft vs. Kapitalgesellschaft](https://gafron.law/wissen/rechtsformwahl-2-personengesellschaft-vs-kapitalgesellschaft/) / [Partnership vs. corporation](https://gafron.law/en/wissen/rechtsformwahl-2-personengesellschaft-vs-kapitalgesellschaft/): Liability, tax and structural comparison.
- [GmbH vs. AG](https://gafron.law/wissen/rechtsformwahl-3-gmbh-vs-ag/) / [GmbH vs. AG](https://gafron.law/en/wissen/rechtsformwahl-3-gmbh-vs-ag/): Share capital, governance, transferability and formation cost comparison.

## Legal And Compliance

- [Impressum](https://gafron.law/impressum/): German legal notice.
- [Datenschutz](https://gafron.law/datenschutz/): German privacy notice.
- [Privacy notice](https://gafron.law/en/datenschutz/): English convenience translation of the privacy notice.