NEW! IBBA Response to SBA SOP 50 10 5(A)) Changes
On March 1, 2009, the Small Business Administration (SBA) implemented changes to their Standard Operating Procedures (SOP). These changes will have a great impact on the amount of good will the SBA will finance.
IBBA issued a response to these changes in an email dated March 5, 2009. (Click here to view the email). The IBBA Board of Directors will continue to monitor developments regarding the SBA SOP changes, and will provide additional information on the IBBA website and through weekly member emails.
Support the Strategic Issues Task Force
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
Information and Resources Regarding SEC
Special Bulletin - Securities & 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) on 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:
We encourage all of our members to read all of the information provided and stay abreast of potential regulation issues. IBBA will continue to be your source for additional information through the SITF Committee.
Cress S. Diglio, CBI, M&AMI
Chairman of the Board--2008
Linda Purcell, CBI, CBC, CSBA
Gary Johnson, CBI
Co-Chairs of the Strategic Issues Task Force