How to Structure the Exit From Your Business From a Legal Perspective with J. Douglas Drushal, Esq, Critchfield, Critchfield & Johnston (Ep. 13)
When exiting your business, you want the value that you put in. How can you ensure your exit plan considers the future of that business and your wants either through succession planning or the sale of the company?
In this episode, Mark Dorman is joined by J. Douglas Drushal, partner at Critchfield, Critchfield & Johnston, to share his decades of experience counseling businesses through their exit strategies and what he has learned along the way.
Doug explores:
- How a team contributes to the success of an exit plan
- How business sale transactions are structured when exiting a business
- The difference between buying a business through assets versus stocks and the fears that come with those sales
- Options for creating a middle market between the seller’s evaluation and the buyer’s price
- And more
Resources:
- Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham
- Trapped in the Family Business with Dr. Michael Klein –Episode 7
Connect with J. Douglas Drushal:
Connect with Mark Dorman:
- LinkedIn: Mark Dorman
- Succession.plus/us/
- Call: (330) 350-5410
- Email Mark: mdorman@succession.plus
- LinkedIn: Succession Plus US
- Facebook: Succession Plus US
About our Guest:
Doug Drushal is the most senior Member of the firm, having joined in August of 1979, after a two-year Clerkship with Judge Anthony J. Celebrezze of the U. S. Court of Appeals for the Sixth Circuit. He has perhaps the broadest areas of practice in the firm, providing both business and personal guidance on a wide variety of topics, using his 40 years of experience to the advantage of his clients. Doug enjoys being outdoors, as evidenced by rafting down the Colorado River through the Grand Canyon twenty times and taking snow skiing trips across the West, and an occasional visit to the golf course. He also enjoys traveling internationally, having visited India several times as well as various countries in Africa and Europe. He also manages to find the time to play full-court fast-break basketball several times per week.
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