TABB is the oldest statewide business broker association in the country, your connection to the profession.
TABB was originated back in 1979, with the initiative of a few business brokers in Houston, the Texas Association of Business Brokers (TABB) was formed. This group of individuals pledged to meet regularly to discuss common issues and opportunities facing business brokers within the state. The goal was to improve the image of business brokerage by raising the professions expertise, ethics, and educate their members as well as the general public in regards to the business brokerage industry, which ultimately results in better servicing sellers and buyers in the process.
TABB became the place for both brokers and those involved in services relating to the sale and purchase of businesses. TABB developed educational programs, and in 1983 conducted its first State Conference in Houston offering two days of educational programs. The format established at this first conference has since been followed by TABB today and the International Business Brokers Association (IBBA) as well as the other state and regional business brokerage associations.
TABB, Inc. (“TABB”) is a non-profit trade association dedicated to improving and advancing the business brokerage profession for the benefit of its brokers, affiliates, buyers, sellers and the general public. TABB has an established Code of Ethics, and provides education opportunities for all, promulgates forms for use by its members regarding many aspects of the business sale/purchase process, and delivers networking opportunities for those in the business brokerage profession, buyers/sellers and those who provide services related to the sell or purchase of a business. TABB Guides business brokers and all other professionals within business transactions in a professional and ethical conduct aiding buyers and sellers of businesses to successfully transition their businesses and achieve optimal entrepreneurial goals. Simply put, TABB’s mission is to educate and promote our members to become successful professionals with the goal of better serving the public.
Its members are either business brokers themselves, business owners, or are individuals and companies that provide services to sellers, buyers or brokers such as bankers, accountants, attorneys, financial planners, tax professionals, exit planners, business appraisers, advisors, real estate, insurance salesmen, and many other business professionals.
TABB’s broker members represent both business sellers and buyers. TABB broker members assist sellers of privately held businesses in locating buyers for their businesses via sale, mergers and acquisitions of all types. Members also represent or assist buyers in their search for businesses to purchase.
TABB broker and affiliate members provide a host of ancillary services to the business owner or buyer. These include services such as business valuations, appraisals, consulting, estate planning, financing referrals and services of any type that business owners or buyers might need.
TABB is governed by a Board of Directors elected by the membership. The association has chapters in Houston, Dallas/Ft. Worth, Austin, and San Antonio. Although TABB only has four chapters, TABB members come from all across the state.
TABB has developed an education program and awards the professional designation “Board Certified Broker” (BCB) to individuals who successfully complete its requirements. The education program is administered by TABB in conjunction with the International Business Brokers Association (IBBA).
Each year, TABB conducts an annual convention and periodic educational events. During the convention or educational events, affiliate members display the latest in products and services available to business brokers. Private equity groups, Investment Bankers, and affiliate members routinely attend or sponsor the conventions and education events.
Whether you’re a business owner, thinking of buying or selling a business, work with businesses and/or involved within business transactions, or those who have considered becoming a business broker you will definitely benefit from this event!