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Madisonville, Louisiana – Senator John Kennedy’s (R-La.) Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act became law as part of the annual financing bill. Kennedy’s law helps small business owners by making it easier for small business owners to buy and sell. The law does this by eliminating the need for registered intermediaries to oversee these sales.
“At a time when Americans are struggling under a president. Contrary to Biden’s bad economic policies, this bill would give small businesses the flexibility to create and keep jobs. This bureaucratic ball-and-chain Eliminating will support individual workers, job creators and the economy as a whole.” said Kennedy.
Current requirements are unfavorable for small and medium-sized job creators and hinder the growth of the American economy as a whole. The law allows small business merger and acquisition (M&A) brokers to organize the buying and selling of ownership as well as the management of private companies without the burden of registering as a “broker-dealer” with the Securities and Exchange Commission. improve this by doing (SEC) and Financial Industry Regulatory Authority (FINRA).
As it becomes easier to start and sell companies, investors are more willing to commit resources to them. As a result, jobs are created, increasing the value of individual companies and the economy as a whole.
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