# 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 works through small teams, fixed contacts and direct advisory relationships for transaction-heavy matters under German law.

This is the canonical pre-launch 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 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 policy.