About Broker vs Advisor
Who may sell your business in the US, by deal size, deal structure and registration
What is on this site
One question, "business broker vs m&a advisor", answered with a checker that works on the page with no account, 3 guides on the questions around it, a data table you can cite (the figures and their method), and the sources every figure rests on.
- Deal size: where a broker stops and an advisor starts: The line between a business broker and an M&A advisor is usually described by convention. Federal statute draws a harder one at $25m EBITDA or $250m revenue.
- Asset sale or stock sale: it changes who may sell it: The IRS treats an asset sale and a stock sale differently, and so does securities law. A deal that switches structure late can change your broker's legal position.
- Who can legally sell your business in the US: Four positions an intermediary can occupy, only one of which is verifiable in a public database, and the finder's fee that most often creates an accidental problem.
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Contact for a question about the site, or enquiries@brokervsadvisor.com. The legal terms are on Terms and Privacy.
Broker vs Advisor is an independent site operated by Ellul Solutions Ltd. It is not affiliated with, endorsed by or connected to any intermediary, association or regulator named here, and it is neither a law firm nor a tax adviser. Nothing on it is legal or tax advice or advice on any transaction, and the statutory and IRS summaries here are a starting point for a conversation with your own counsel rather than a substitute for one. We take no commission from any firm in this comparison and carry no paid placements. Statutory thresholds carry their own inflation adjustment from 29 December 2027, and every statement carries the date we read the primary source.