Unlock Hidden Enterprise Value: Investor Andy Lee’s Expert Guide On Leveraging Tax Receivable Agreements (#360)
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“Sales is the single most important skill in life. Master the art of sales.” -Andy Lee
In this episode of the Deep Wealth Podcast, Andy Lee, founder of Parallaxes Capital, delves into his journey from Citigroup to founding his own firm specializing in tax receivable agreements (TRAs). He discusses the importance of understanding taxes for both buy and sell-side transactions, providing insights on how to unlock hidden value in tax assets. The conversation also explores the role of tax advisors, the significance of clean books in transactions, and real-world examples like Shake Shack.
03:14 Andy Lee's Early Life and Career Journey
04:11 The Fascinating World of Tax Receivable Agreements
08:36 The Role of Secondary Markets in Business
11:49 Understanding Tax Receivable Agreements (TRAs)
15:07 Case Study: Shake Shack and Tax Assets
24:40 Negotiation and Incentives in Business Deals
28:30 Importance of Diligence and Addressing Skeletons
31:43 Factoring Solutions and Market Strategy
33:39 The Role of Tax in Business Success
37:37 Life Lessons and the Importance of Sales
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SELECTED LINKS FOR THIS EPISODE
TRAilblazing on Apple Podcasts
Andy Lee - Parallaxes Capital | LinkedIn
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