NIL Island

Posts filed under: NIL Finances

NIL Finances

Not sure what to do with your NIL finances? This collection of posts and resources can guide you to successfully manage your NIL earnings and set you up for financial success.

Do I need to pay quarterly taxes as an athlete?

PSA for all athletes doing NIL deals: you may need to pay quarterly taxes. This post will tell you when and how to pay your quarterly taxes.... Read More

The ultimate guide to NIL finances & managing your money as a student-athlete

As a collegiate athlete receiving NIL deals, it is important to have a solid understanding of how to manage your money as a student-athlete. While having this newfound financial freedom can be exhilarating, if you’re not used to handling your... Read More

Investment basics for student-athletes

The basics you need to know before you start investing. Start investing early. Diversify. Buy low and sell high! ... Read More

Do I need an LLC for NIL Deals?

Filing an LLC for NIL deals may sound scary, but it can actually be easy and beneficial. This post will cover… Disclaimer: This information is made available for educational purposes. It provides general information and is not intended to provide specific... Read More

When and how to open a business bank account for your NIL deals

If you hope to make money from NIL deals, follow these steps to open a separate bank account. ... Read More