In The News
MiBiz: Huizenga Legislation to streamline small biz M&A unanimously passes U.S. House
Washington,
January 16, 2014
Legislation to streamline small biz M&A unanimously passes U.S. House
MiBiz - Mark Sanchez Wednesday, 15 January 2014 10:21 Federal legislation sponsored by a West Michigan congressman to make it easier to broker the sale or acquisition of a small business passed the U.S. House Tuesday without opposition. Sponsored by U.S. Rep. Bill Huizenga, R-Zeeland, the bill would direct the U.S. Securities and Exchange Commission to simplify the registration process for firms that broker the sale of businesses, reducing the regulatory cost for buyers and sellers of small and mid-sized privately held companies. ... The legislation comes as baby-boomers are now retiring, generating greater M&A activity as those who own small businesses seek to exit their companies. A quarterly survey by Pepperdine University in California and two M&A trade groups, the International Business Brokers Association and M&A Source, shows retirement as the main reason business owners are selling a business. “We want people to be able to see the fruits of their hard work over the years and we want to see them to be able to sell those companies. We don’t want to see them close them unnecessarily,” Huizenga said. Read the full article at Michigan Business HERE |