Douglas C. Murray is a corporate lawyer with 20 years of experience serving both middle-market and high-growth emerging companies. He provides strategic corporate advisory to business owners, executive teams, and investors, focusing on helping clients build and maximize business value. His experience encompasses a range of industries, including technology and innovation, industrial and professional services, and venture capital. Doug’s practice covers the full corporate lifecycle. He advises emerging companies and venture capital investors, providing guidance on corporate financings while ensuring they have the right entity structure in place—whether that is a corporation (C or S), partnership, or LLC—to drive innovation and growth. For more established middle-market companies, he provides comprehensive M&A and strategic guidance across various business structures. His counsel is informed by a deep understanding of how different business structures impact everything from daily operations to tax efficiency and overall business value, and he frequently collaborates with financial and tax professionals to help clients achieve optimal outcomes.

Some of Doug's specialized experience includes:

Strategic Corporate Advisory: Providing guidance on a range of corporate and operational matters that influence business value, including advising on entity structure and governance across various industries.

Corporate Finance: Counseling emerging companies and venture capital investors on corporate financings, from seed rounds to later-stage growth capital.

Mergers and Acquisitions: Representing companies in acquisitions, divestitures, and recapitalizations.

Industries: Technology & Innovation, Healthcare & Life Sciences, Industrial & Professional Services, Venture Capital & Investment.

 

RECENT PUBLICATIONS AND SPEAKING ENGAGEMENTS

• “Using F Reorganizations Strategically in M&A: Tax Efficient Structuring for S Corporations and Beyond,” presentation to the Chicago Bar Association Business Transactions Committee, November 6, 2025.

• “F Reorganization of S Corporation to a Disregarded LLC—Pre Closing Reorganization,” presentation to the MS in Taxation & Analytics (MSTAX) program at DePaul University, Driehaus College of Business & Kellstadt Graduate School of Business, October 15, 2025.

• Shareholder Agreements, Operating Agreements, and Partnership Agreements, presentation to the Decalogue Society of Lawyers, September 11, 2025

• How to Prepare Your Business for a Successful Sale: A Guide from Aronberg Goldgehn Business Attorneys, February 17, 2025.

• Overview of Business Law Transactions for New Lawyers, presentation to the Chicago Bar Association, November 4, 2024.

• "Expansion of Private Equity Into the Accounting Industry: Some Considerations When Representing the Seller," The Counselor, December 2022.

• Doug is co-author of “Minority Stakeholder Rights,” Chapter 4 in “Disputes Involving Closely Held Companies 2020 Edition.” Published by the Illinois Institute for Continuing Legal Education in Feb. 2020, it is the essential guide for Illinois attorneys who represent closely held corporations, partnerships or LLCs.

PROFESSIONAL BACKGROUND

Doug joined Aronberg Goldgehn as a Member in July 2018. Previously, he practiced in the corporate practice groups at Gould & Ratner LLP, McGuireWoods LLP and Drinker Biddle & Reath LLP.

Prior to his legal career, Doug was an executive compensation consultant with Deloitte & Touche and Arthur Andersen. As such, he liaised with and managed foreign tax and legal professionals to implement international equity-based compensation plans of multinational corporations. He led studies, performed research and calculations to determine competitive executive compensation practices and plan design. He also designed, researched and evaluated compensation plans for Chapter 11 companies.

While completing his undergraduate studies at Northwestern University, Doug was a varsity letterman player in baseball. He also had a career as a professional baseball player with the Houston Astros' and Kansas City Royals’ minor league teams.

RELATED NEWS

• Aronberg Goldgehn Represents EMCO Chemical Distributors in Sale to Lindsay Goldberg

• How to Prepare Your Business for a Successful Sale: A Guide from Aronberg Goldgehn Business Attorneys

• Doug C. Murray Presents to DePaul University Tax Research Class

• SEC Proposes New Rules Regulating Registered Investment Advisers' Use of Service Providers

• Business Law Alert - Paycheck Protection Program Update

• Business Law Alert - Paycheck Protection Program Update

• Business Law Alert - Guidance Brings Clarification On PPP Loan Certification Requirements

• Business Law Alert - Paycheck Protection Program Extended

• Update - The Paycheck Protection Program Under the Historic CARES Act

• Business Law Alert - The Paycheck Protection Program Under the Historic CARES Act

• Business Law Alert - The Business Tax Provisions of the Coronavirus Aid, Relief and Economic Security Act

• Twelve Aronberg Goldgehn Attorneys Author Chapters in "Disputes Involving Closely Held Companies 2020 Edition"