For more information
Secretary of State
Illinois Securities Department
Jefferson Terrace, Ste. 300A
300 W. Jefferson St.
Springfield, IL 62702
69 W. Washington St.
Chicago, IL 60602
800-628-7937 (toll free)
888-231-1175 (Spanish line)
Printed by authority of the State of Illinois
December 2004 – 2M – Sec-283.3
Before You Sell
• Resolve all obstacles within the business.
• Consider delaying a sale if your business
can show an improved financial
performance in the near future.
• Have a definite objective, yet remain
flexible to make the fastest and best
• Only consider marketing your business
after you have the required financial data,
legal positioning, sales criteria, and have
prepared an offering circular.
• If you choose to retain a business broker,
do not sign a contract or pay any money
until you have researched the business
broker thoroughly through the Illinois
Securities Department and obtained and
read a copy of the written disclosure
document, if required.
Before You Buy
• Take the time to investigate the offering
fully. Don't be rushed into purchasing a
business you have not fully investigated.
• Make sure this is the kind of business that
fits your lifestyle.
• Be sure the business can generate enough
income to meet your current and future
• Get the seller's promises in writing. Oral
statements and promises are meaningless.
• Once you choose a business broker, do
not sign a contract or pay any money until
you have totally checked out the broker
through the Illinois Securities Department
and obtained and read a copy of the
written disclosure document, if required.
Secretary of State
How to choose a
Every person engaged in business
brokering is required to be registered with
the Secretary of State Securities
Department, unless exempt by law. When
the provisions of the Illinois Business
Brokers Act have been compli