The most frequent problems encountered are questions regarding the disclosure statement required at Section 10-30 of the Business Brokers Act of 1995. This disclosure must be provided to every client unless the client qualifies for the exemption at Section 10-30.5 of the Act. Examples of the disclosure required can be found at Section 10-30.5 of the Act. The Business Brokers Act of 1995 and the attendant rules can be found at this Web Site.
DISCLAIMER
The Secretary of State, Illinois Securities Department or their information providers shall not be liable regardless of the cause or duration, for any errors, inaccuracies, omissions or untimeliness of the information, or for any delay or interruption in the transmission thereof to the user, or for any claims or losses arising therefrom.
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