With Name, Image, and Likeness (NIL) deals, student-athletes now have the opportunity to earn money while still in school. However, without proper financial planning, NIL earnings can disappear quickly, leaving little for future expenses like college tuition, investments, and post-sports career opportunities. As a parent, you play a crucial role in helping your child develop
Should Your Student-Athlete Form an LLC? By Pat Brown, MBA www.parentsofstudentathletes.com With the rise of Name, Image, and Likeness (NIL) opportunities, student-athletes are now earning income through endorsements, sponsorships, and personal brands. This raises an important question for parents: Should your son or daughter form a Limited Liability Company (LLC)? Let’s explore the pros and
Written by Pat Brown, MBA As Name, Image, and Likeness (NIL) deals continue to expand in the world of college sports, student-athletes are presented with exciting opportunities to monetize their personal brand. However, with these opportunities comes the challenge of protecting the intellectual property (IP) rights associated with their name, image, and likeness. NIL
Written by Pat Brown, MBA As NIL (Name, Image, and Likeness) opportunities continue to expand for student-athletes, many are finding themselves with substantial income from endorsement deals, brand partnerships, and sponsorships. With this new revenue stream comes the need to establish a solid business structure to handle the financial, legal, and tax aspects of these
Written by Pat Brown, MBA As Name, Image, and Likeness (NIL) deals continue to transform the college sports landscape, many student-athletes are finding themselves with new sources of income, sometimes significant ones, from brand partnerships, sponsorships, and endorsements. While NIL offers lucrative opportunities during their athletic careers, it’s important for both parents and athletes to
The Importance of Understanding Exclusivity Clauses in NIL AgreementsWritten by Pat Brown, MBA As the world of college sports continues to evolve with the introduction of Name, Image, and Likeness (NIL) deals, student-athletes are presented with exciting opportunities to profit from their personal brands. While NIL deals offer substantial financial rewards, they also come with
As Name, Image, and Likeness (NIL) deals continue to grow in the college sports landscape, student-athletes now have the chance to monetize their personal brands by partnering with sponsors and brands. However, navigating this process can be overwhelming, especially for athletes who are new to the business world. As a parent, your role in guiding
Written by Pat Brown, MBA With the rise of NIL (Name, Image, and Likeness) deals, student-athletes have an unprecedented opportunity to profit from their personal brand while continuing their collegiate careers. However, this new landscape also comes with significant financial and business considerations that parents need to understand to help their children navigate this evolving
