The business landscape in Austin changed recently when Certified Business Brokers (CBB) announced its expansion into the Central Texas market. Based out of Houston, CBB has facilitated thousands of business transactions since 1974. In speaking to PRWeb, CEO Frank Stabler explained that “Austin’s diverse and dynamic business environment offers numerous opportunities for both buyers and sellers to achieve their goals.”
Stabler’s remarks reflect the growing business climate in Austin. A report by Portfolio.com indicates that the city experienced the highest growth in small business activity between 2006 and 2007 and expanded its job base by 15 percent between 2003 and 2009. According to Portfolio’s six part study to gauge the best areas for small business development, Austin prevailed over other cities such as Portland, Oregon; Raleigh, North Carolina; and Baton Rouge, Louisiana.
As the state capital, Austin is the center of education and government in Texas. Its growing cadre of technology companies leads it to be called the “Silicon Hills” of Texas. LegalZoom.com is one of its newest residents, moving from California amidst the Golden State’s worst budget crisis.
CBB boasts that clients and future customers will benefit from experienced professionals with expertise in mergers and acquisitions, business valuations and appraisals, among many other brokerage components. According to CBB, the resources and information other firms provide pale in comparison to CBB’s systems, processes, and extensive transaction database.
With strong business expansion comes the potential for business litigation, as not all investments are fruitful, and because disputes invariably arise. The most common issues involve fraud and misrepresentation in private offerings and other stock purchases. With the potential for costly litigation, it is prudent to contact an experienced business attorney if you hold concerns about a transaction or feel that misrepresentation or fraud was involved.