Contribute to the IBBA Fund on Licensing Issues

The IBBA is asking that members, affiliates and friends of the industry contribute to an IBBA fund to clarify licensing issues in the Business Brokerage and M&A industry. Funds contributed to the IBBA will be matched by the Association up to $30,000.

To view the full fundraising letter or donate to the IBBA Fund, Follow the Links Below

IBBA Fundraising Letter

IBBA Donation Form

Current Information and Resources on SEC

• ABA Task Force Report - 6/2/2005
• New California Law Increases the Risks for Private Placements Made under the So-Called "Finder's Exemption"

Special Bulletin - Security & Exchange Commission Response

On behalf of the Association's Strategic Issues Task Force (SITF), the Committee has been working with one of our members, Country Business, Inc. (CBI) to obtain a No Action Letter regarding some of CBI's pending transactions. CBI received a No Action Letter from the United States Securities and Exchange Commission (SEC) today (November 8, 2006) and we have obtained a copy from the SEC web site. This letter, given its scope and conclusions, has an immediate and significant impact on business brokers throughout the country. Attached are the following documents: Letter to SEC from Country Business Inc. (CBI) SEC No Action Letter SBA’s Definitions of Small Business Guide US Small Business Administration Table of Business Size Standards We encourage all of our members to read all of the information provided. The Association is in the process of analyzing the impact and a clear understanding of this no action letter and will be providing additional information in the future. Gary Johnson CBI Chairman of the Board Brian Knight CBI Walter Lipski CBI, M&AMI Co-Chairs of the Strategic Issues Task Force