Episode 169 - Inside the ESOP Journey with Kris den Besten
Discover what it means to make your employees part-owners of the business with Kris DenBesten, President and CEO of Vermeer Southeast
Faith Driven Entrepreneur · Henry Kaestner, William Norvell, Kris DenBesten, Rusty Rueff
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Show Notes
Today, we’re talking about ESOPs, which stands for employee stock ownership plan. For businesses looking to transfer ownership of their business, many are looking to ESOPs as a way to keep the culture they’ve created within their company.
We invited Kris DenBesten, President and CEO of Vermeer Southeast, to share his experience of turning his business into an ESOP. He gave us the full scoop on what he and his company walked through, the questions they asked when making the decision, and the reasons they made the move.