Business brokers can be very helpful but not all business brokers are alike. There is no one course that a business broker takes. In many locations, the Business Broker Act falls under the Real Estate Act. Manybusiness brokers are real estate agents. Others can be licenced under various different Securities Acts. Others may not even be licenced. Some business brokers could be professionals such as accountants and lawyers representing their clients. Many businesses are not sold through business brokers, some businesses are transferred/sold to sons and daughters, some are sold to senior employees of the business, others to friends and family.
This article are provided for information purposes only, and are not intended as legal advice.
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