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What kind of licensing do I need to be a business broker in…

What kind of licensing do...
What kind of licensing do I need to be a business broker in Mississippi? This would be to assist in the sale and purchase of business assets only. Is there an organization or any other kind of oversight I need to be affiliated with?
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9/20/2017
socrateaser
socrateaser, Attorney
Category: Business Law
Satisfied Customers: 40,169
Experience: Retired
Verified

Hello,

No license is required under Mississippi law to broker a business purchase and sale, with the following exceptions:

1. If the business owns real estate, then a Mississippi real estate broker's license is required.

2. If business is a corporation and the sale is for less than 100% of the outstanding stock, then a securities broker license is required. See this link for more information.

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socrateaser
socrateaser, Attorney
Category: Business Law
Satisfied Customers: 40,169
Experience: Retired
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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