As NIL compensation and professional sports earnings continue to expand, athletes are increasingly required to operate like businesses. From endorsement deals and appearance fees to licensing, investments, and brand partnerships, modern athletes manage complex income streams that demand proper legal and compliance infrastructure.
For this reason, forming an LLC or multiple legal entities early in an athlete’s career has become a standard best practice—particularly during onboarding with agents, managers, CPAs, attorneys, and wealth advisors.
Athletes today are not just individuals receiving compensation—they are operating commercial enterprises.
An LLC (Limited Liability Company) is the most common entity structure used by NIL athletes and professional athletes because it provides:
During onboarding with an agent or wealth management advisor, it is common to establish multiple LLCs, each aligned to a specific function or risk profile. This structure supports liability separation, clearer reporting, and scalable growth as an athlete’s career evolves.
Athletes frequently conduct business across state lines due to competitions, endorsements, appearances, training facilities, and investments. These activities may trigger foreign qualification requirements, annual report filings, registered agent obligations, and other state compliance responsibilities.
FileForms works with NIL athletes, professional athletes, agents, CPAs, attorneys, family offices, and owners of professional sports teams to support:
If you are an NIL athlete, professional athlete, agent, manager, or advisor, FileForms provides the entity formation and compliance technology needed to operate confidently nationwide.
Sign up now or book a call with our team to learn how FileForms supports athletes, advisors, and professional sports organizations across all 50 states.
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