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## Small Business Acquisitions in 2023: A Year of Fluctuation and Change

### By MAE ANDERSON, AP Business Writer

#### Overview of Small Business Acquisitions in 2023

Last year, small business acquisitions experienced fluctuations that were influenced by the rise in interest rates, creating a sense of unpredictability in the market. However, despite these challenges, the strong performance of the fourth quarter, coupled with the Federal Reserve’s indication of a halt in interest rate hikes, offers a promising outlook for the year 2024. In 2023, the total number of small business acquisitions remained relatively stable, with a minimal increase in the overall count. According to BizBuySellÔÇÖs Insight Data, which monitors and evaluates business-for-sale transactions in the U.S., a total of 9,093 businesses were reported sold on BizBuySell, representing a marginal uptick of less than 1% from the 9,054 businesses sold in 2022.

#### How AI legalese decoder Can Help

AI legalese decoder is a powerful tool that can assist in navigating the legal complexities often associated with small business acquisitions. By utilizing its advanced machine learning algorithms, AI legalese decoder can analyze and interpret intricate legal documentation, providing precise insights and actionable information for individuals and entities involved in the acquisition process. From deciphering complex contracts to identifying potential legal risks, AI legalese decoder streamlines the due diligence process, saving time and mitigating potential pitfalls. With its ability to rapidly process vast amounts of legal data, AI legalese decoder empowers businesses to make informed decisions and secure successful acquisitions in today’s dynamic market environment.

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