A change in federal law opens new options for owners considering the sale of their small business. Language embedded in the $1.7 trillion federal spending bill that Congress enacted and President Joe Biden signed just before the new year creates an exemption for business brokers and M&A advisers who represent buyers and sellers in a transaction. The exemption means that an owner of a small business can sell their equity shares without their M&A broker having been registered with the U.S. Securities and Exchange Commission, a requirement needed to buy and sell securities. The change will allow owners to more readily sell their entire business to a seller, instead of just the assets. “This legislation will allow business brokers and M&A advisors to assist small business owners with the sale of their actual business entities, their stock or membership interests,” Mark Andresky, principal of Performance Business Advisors LLC that has offices in Grand Rapids and Charlevoix, wrote in an email to MiBiz . “Prior to this legislation, advisors were only permitted to assist in the sale of a company’s assets without facing potential regulatory violations. Those who wanted to assist owners with the sale of their company entities had […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
