|
Member Spotlight
| |
Welcome New CABB Members:
Craig B. Forry
Forry Law Group
Sherry Fantozzi
ABI Group, Inc.
|
|
|
Seeking Chapter Leaders
| | |
CABB is seeking persons to help start and coordinate CABB chapter meetings in the San Diego area, and in the San Francisco, Tri Valley and Sacramento areas of Northern California. It is a great opportunity to take a leadership role in your industry's professional association.
Anyone interested should contact Ed Fixen, CABB Chapter Chair, via email by clicking here!
|
|
Reminders
|
|
Remember!
CABB Forms Are Only for CABB Members.
Only Active CABB Members can use CABB Forms! Protect the investment you've made in CABB. Please do not share or provide these forms to anyone who is not a current and active CABB member! |
|
|
|
| |
Welcome to Your CABB Connection
News and information exclusively for California Association of Business Brokers members and affiliates.
|
What You Should Know About
Dual Agents in Buying a Business
By Willard Michlin, CPA, CFE, CBB
Michlin and Associates
Should business brokers be allowed to represent both the buyer and seller in a transaction? Isn't this a conflict of interest? Doesn't California civil code require that when there is only one agent in a deal, that the agent is required to be a dual agent? These are the questions that I would like to address in this article. I do not want to get into a legal discussion of the points of law, since I am a CPA and a business broker, and not an attorney. I would, however, like to discuss the business consequences of a broker being the sole agent in the transaction.
Let's define in ...
Please submit articles for publication in CABB Connection to
|
|
CABB LinkedIn Group News
CABB has a LinkedIn group. We have recently made it a members-only group. So, all participants are CABB regular or affiliate members. Our plan is for you to use the CABB LinkedIn Group as a closed forum, away from the public eye, to discuss business brokerage issues. We encourage CABB members to post questions, opinions, blog posts, etc. related to business brokerage (but not business listings; which you can post on the CABB website). If you are not yet a member of the CABB LinkedIn group, we encourage you to request to join here.
Email any questions or suggestions to LinkedIn Group
|
Industry Specialization - Is It For You?
Presenter: Steve Zimmerman, CBB, CBI
Overview: Steve will discuss the advantages of being a business broker specialist and Restaurant Realty Company's targeted marketing program including: 1) state-of-the-art internet marketing, 2) bi-weekly email newsletters, 3) Restaurant Rap Quarterly newsletter and 4) direct mail campaigns. Additionally, he will discuss the advantages of being the go-to restaurant broker in the San Francisco Bay Area, his buyer broker representation program, and being a broker appointee by the United States Federal Bankruptcy Court, an expert witness and preparing letters of valuation on a fee basis.
Bio: Steve is the Founder, Principal Broker and Chief Executive Officer of Restaurant Realty Company. Steven has personally sold/leased over 850 restaurant, bar or club businesses, sold many commercial buildings and completed over 2,500 restaurant valuations since 1996. His real estate experience also includes sales, acquisitions, management and ownership of numerous properties throughout California including restaurants, hotels, apartment buildings and single family homes. Steve is also the author of Restaurant Dealmaker - An Insider's Trade Secrets for Buying a Restaurant, Bar or Club - available on Amazon. Steven is a graduate of Cornell University's School of Hotel Administration and the University of San Francisco's School of Business.
Date: Thursday, May 22, 2014
Time: 9:00 am - 10:15 am, PDT
|
Upcoming Education Schedule
Registration is easy! Simply click the links below or call / email the CABB Administrative Offices to register for an upcoming course:
June 12th & 13th, 2014
CABB 101 (2 days)
Introduction to California Business Brokerage
Southern CA/Business Team - Torrance
Instructor: Ron Hottes
June 19th & 20th, 2014
CABB 201 (2 days)
Finance for Business Brokers
and Advanced Recasting and Valuations
Northern CA/ABI Group, Inc. - San Ramon
Instructor: Ron Johnson
June 19th & 20th, 2014
CABB 201 (2 days)
Finance for Business Brokers
and Advanced Recasting and Valuations
Southern CA/Business Team - Torrance
Instructor: Ron Hottes
Click here to view the entire 2014 CABB Education Schedule.
To make educational program suggestions or to get involved in
|
Co-Sponsoring / Supporting Bill S-1923
The Following is an Important Message:
May through July is always the most productive time for Congress - especially in a mid-term election year - so our best chance for passing S 1923 in this session of Congress will likely be in the next 90 days.
Your US Senators urgently need to hear from YOU that this bill is important to you, and to buyers and sellers of privately held businesses in your state.
Email your US Senators Now!
...And ask them to join:
Senator Joe Manchin III (D WV),
Senator David Vitter (R LA),
Senator Saxby Chambliss (R GA),
Senator Tom Coburn (R OK),
Senator John Barrasso (R WY),
Senator Patrick Toomey (R PA),
Senator Tim Scott (R SC),
Senator James Inhofe (R OK),
Senator Angus King (I ME), and
Senator Amy Klobuchar (D MN)...
...in co-sponsoring S 1923!
The Small Business Investors Alliance (SBIA) has been - and continues to be - very supportive of this legislation and has created the following hotlink to make it easy of you to email your US Senators with a prepared letter urging them to support S 1923.
Email your US Senators Now!
NO NEED TO LOOK UP SENATORS NAMES AND ADDRESSES. NO NEED TO CUT AND PASTE. JUST CLICK, AND ENTER YOUR NAME AND ADDRESS!
This letter includes:
- An embedded link to a 1-page brief on S 1923, along with a copy of the text of the bill, and
- Specific mention of IBBA and M&A Source as named co-sponsors of this important legislation.
TIME IS OF THE ESSENCE! DO IT NOW!
If you have further questions about the above topic, email
|
Become a CBB this Year!
Becoming a CABB Certified Business Broker (CBB) is one of the best things that you can do for your business broker career. A CBB differentiates you from the competition. It can elevate you above other business brokers, by demonstrating that you are more informed, educated and experienced. Many CBBs find it effective, when marketing their services, to stress how clients can benefit by insisting on dealing with certified professionals. When co-brokering with other business brokers, the CBB conveys that you have the requisite knowledge and experience. Once earned, you can proudly display the CBB initials beside your name in promotional materials and correspondence.
The requirements for obtaining a CBB are quite simple:
- Be a CABB member in good standing;
- Submit the CBB Application and proof of compliance;
- Pledge to uphold the Association's Code of Ethics;
- Successfully complete the following:
- The two-day CABB California Business Broker Training Course 101 with a score on the test of 75 or better;
- The one-day CABB 201 Recasting Course with a score on the test of 75 or better; and,
- Submit proof of listing and/or selling 5 business opportunities that have successfully closed.
- The CBB must be renewed every 4 years by passing the CABB Course 501 Advanced Business Broker Training.
So why not take your business brokerage career to the next level, by signing up for CABB 101 & 201, and becoming a CBB this year!
Click Here for a CBB Application
|
CABB Connection is provided to members by our Communications Committee. If you have suggestions for this newsletter or would like to serve on this committee, please contact Al Statz.
The opinions, beliefs and viewpoints expressed by the various authors for this newsletter do not necessarily reflect the opinions, beliefs, viewpoints or policies of the California Association of Business Brokers.
|
|
