Jeff Hutsell sold his company, Levels of Discovery, in 2013. Four years later, in 2017, we interviewed Jeff to find out what he recalls about the process and what advice he has for others. We’re reposting the interview because we believe stories stand the test of time and are one of the best ways to learn.
If you’re selling your business and the deal’s “Close” is just two weeks away, you’ve gotten through the bulk of it.
But, there are still two weeks left of the dealmaking process and you’re not sure what “closing the deal” actually means. Keep reading to get some practical guidance for items not necessarily addressed in the legal documents, such as “Where should I be, physically, on the day of closing?” Read more
Thanks to Robert Drumm for writing this guest post. Robert is currently an attorney at Van Osdol and has a long history of completing private company transactions. We’re grateful he was willing to share his expertise here.
Sometimes clients who are involved in their first business transaction are surprised and even frustrated that the lawyers on both sides of the deal devote so much time and attention to “Representations and Warranties” when they negotiate a definitive purchase and sale agreement (the “PSA”). This part of the PSA might initially seem like wasted words that make the document thicker and the legal bill higher, but they are important. Read more
Is business ownership a valuable experience?
Read the story of Robert Drumm, a DVS Group client, to find out.
Lawyer, brewer of beer, writer, dad, husband – all words used to describe Robert.
In 2013, he was ready to add one more role to that list – business owner. Read more