Business sale transactions in California saw an overall decline in 2010, as the economy continued a slow emergence form the recession and boosted small businesses' credit opportunities, according to a report released this week by BizBen.com.
Last year registered 13,320 total completed sales in the Golden State, marking a 6.6 percent decline from the 14,277 transactions in 2009. However, the report also pointed out that sales for the month of December increased over the same time in 2009, as the 1,253 completed deals marked a rise of 5 percent.
Sales in the fourth quarter of 2010 also showed an improvement over the same period in 2009.
"What we're seeing is the impact of the innovative strategies employed by California's small business entrepreneurs," said Peter Siegel, founder and president of BizBen.com, in a statement. "Sales were down for most of the first nine months of 2010 compared with the same periods the previous year, because of reduced access to funds and uncertainty about the economy."
Citing improvements during the last few months of the year, Siegel also added that small business owners, entrepreneurs and business sellers are beginning to rethink their strategies and testing the market with renewed confidence.
Other recent improvements in employment and borrowing may also provide confidence to businesses trying to incorporate in California.
Tags : ca, incorporation, small business management
Posted: Jan 20th, 2011