ENTREPRENEURSHIP

Detailed explanation-1: -A business broker is an individual or company that assists mainly in the purchase and sale of small, main street businesses. Their tasks include helping companies to secure a favorable price, submit paperwork correctly and fulfill any licensing and permitting requirements.

Detailed explanation-2: -A broker’s prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property. Brokers can furnish market research and market data.

Detailed explanation-3: -Business brokers are familiar with the legal matters surrounding the buying and selling of companies. They can help you legally navigate the sale or acquisition of your business and avoid complications with proper documentation. This also helps prevent deals from falling through or dragging out.

Detailed explanation-4: -Business brokers, also called business transfer agents, or intermediaries, assist buyers and sellers of privately held businesses in the buying and selling process.