Kevin Hohe has taken 60 calls from private equity firms wanting to buy Complete Fence. He's turned every one of them down.In this episode of Better Questions, Kevin sits down with an advisor from FMI to get a real education on ESOPs — employee stock ownership plans — and whether selling equity to his own people makes more sense than selling to outside investors.They cover the full mechanics of how an ESOP works, the tax advantages that can make it more lucrative than a private equity sale, governance and board structure post transaction, and what it actually means for the people on the ground when their company becomes employee owned.Kevin is 36, doesn't need the money, and is asking the one question that actually matters to him: what do I owe the people who helped build this thing?If you run a trades business or any small to mid size company and you've ever wondered what your exit options actually look like, or whether you even want one,  this is the episode to listen to.