23 min
#493 Tax Strategies For NIL Athletes Main Street Business
-
- Entrepreneurship
In this episode of the Main Street Business Podcast, host Mark J Kohler welcomes Main Street influencer, Max Merritt, to unpack how student athletes can manage NIL income by forming an LLC. Together, they break down the key strategies and tax advantages available for NIL athletes into four easy sections.Here's what you can look forward to:Mark and Max highlight the importance of structuring yourself as a business entity, such as an LLC, for tax planning purposes.They emphasize the need for pr...
In this episode of the Main Street Business Podcast, host Mark J Kohler welcomes Main Street influencer, Max Merritt, to unpack how student athletes can manage NIL income by forming an LLC. Together, they break down the key strategies and tax advantages available for NIL athletes into four easy sections.Here's what you can look forward to:Mark and Max highlight the importance of structuring yourself as a business entity, such as an LLC, for tax planning purposes.They emphasize the need for pr...
23 min