Coordinated tax, banking, and optional business entity support for athletes earning NIL income — at any level, in any sport, with no minimum income requirement. Keep your existing bank and agent.
Tax preparation and planning
Tax support is delivered through Withum's sports and entertainment practice — experienced professionals who understand athlete income.
Optional banking relationship
An optional banking arrangement for enrolled athletes. Athletes are never required to change banks to work with nil.financial.
Three services, one point of contact. Delivered by the relevant professionals and institutions — coordinated by nil.financial.
Coordinated tax estimates, set-asides, and year-end filing through Withum's sports and entertainment practice.
An optional Bank of America arrangement with program-specific benefits — or we work with the bank your athletes already use.
Optional entity formation (LLC or S-corp) when professionals recommend it for the athlete's circumstances.
A nine-step coordinated process. Partners deliver the professional services; nil.financial keeps it all moving.
Review income, residence, and potentially deductible expenses.
Professionals assess an appropriate structure and coordinate entity formation where needed.
Arrange optional Bank of America banking or work with the athlete's current bank.
Estimate federal and state tax obligations based on available information.
Coordinate tax set-asides and estimated payments with the appropriate providers and athlete authorization.
Coordinate transfers and agent-fee payments with athlete authorization.
Gather income records and allowable expense documentation.
Coordinate preparation and filing of applicable federal and state returns and authorized payment of taxes due.
Year-round tax consultation and service coordination.
Simple annual service fees. Entity formation is optional and based on your circumstances and professional guidance. If your school sponsors nil.financial, discounted school-sponsored pricing may apply.
| Filing/service structure | Annual service fee | One-time setup |
|---|---|---|
| Individual | $2,500 per year | No separate entity setup fee listed |
| LLC | $2,500 per year | $750 one-time setup |
| S-corp | $5,000 per year | Additional setup fee; contact the team for a quote |
Athletes enrolled through the special Bank of America arrangement receive these program-specific benefits, regardless of account balance. Banking with Bank of America is optional — athletes can keep their existing bank.
Submit the inquiry form and our team will contact you to arrange a consultation.