Business Entity Formation

Protect Your NIL Earnings with the Right Business Structure

As an NCAA athlete generating income through sponsorships, appearances, and brand deals, you’re no longer just a student—you’re also a business. That’s why Business Entity Formation is one of the most important steps you can take to protect your NIL income. At PMG PRIVATE NIL, we help you establish the proper legal structure to separate your personal and business finances, reduce tax liability, and prepare for long-term financial growth.

Whether you’re earning $5,000 or $150,000, creating an entity like an LLC or S-Corp provides legal protection and unlocks key tax benefits. Our team handles every step, ensuring your business is set up correctly, compliant with the law, and aligned with your personal goals.

What Is Business Entity Formation?

Business Entity Formation is the legal process of creating a formal business structure such as a Limited Liability Company (LLC), S Corporation, or partnership. For student-athletes earning NIL income, forming a business is more than a formality—it’s a smart financial move. It enables you to receive payments through a company, take advantage of business deductions, and shield your personal assets from legal and financial risks.

At PMG PRIVATE NIL, we guide you through the entire process, including entity selection, registration, EIN setup, and proper tax classification. Our goal is to make sure your NIL brand is protected and positioned to grow.

Why Athletes Should Consider Business Entity Formation

At PMG PRIVATE NIL, we believe forming a business entity isn’t just a smart move—it’s a strategic one. Creating an LLC or S-Corp helps NCAA athletes take control of their NIL earnings, limit personal liability, and unlock meaningful tax benefits. Whether you’re managing one deal or building a full brand, your business should be structured as professionally as your game.

By setting up the right entity early, you not only protect your name and income but also gain tools for long-term growth. We handle the paperwork, guide the setup, and ensure you stay compliant at every stage.

Our Business Entity Formation Services Include:

Types of Business Entities for NIL Athletes

Choosing the right structure is critical. PMG PRIVATE NIL evaluates your income, state laws, and long-term goals to help you choose the best entity for your NIL brand. Here are the most common options:

Limited Liability Company (LLC)

An LLC is often the best starting point for most student-athletes. It offers simplicity, liability protection, and flexibility when it comes to taxes. You can choose to be taxed as a sole proprietor or elect S-Corp taxation for added savings once your income increases.

S Corporation (S-Corp)

An S-Corp can reduce self-employment tax on NIL income once earnings pass a certain threshold. It allows you to pay yourself a salary and take additional profits as distributions—potentially saving thousands in taxes each year.

Sole Proprietorship (Not Recommended)

If you do nothing, the IRS considers you a sole proprietor. This exposes your personal assets to risk and limits your ability to plan effectively for taxes. It’s rarely the best option once NIL income becomes consistent.

Ready to take control of your NIL journey?

Let PMG PRIVATE NIL help you protect, grow, and manage your earnings—on and off the field.

Book Your Free Strategy Session Now

PMG PRIVATE NIL’s Formation Process

We make Business Entity Formation simple, fast, and stress-free. Our step-by-step approach ensures nothing is missed and your business is fully compliant.

Here’s what we handle:

Initial consultation to determine the right entity
Business name search and state registration
EIN (Employer Identification Number) application
Operating agreement preparation
Banking setup guidance
Tax election filings (if needed)
Ongoing support for annual filings and compliance

PMG PRIVATE NIL manages the paperwork so you can stay focused on your sport and your future.

Why Choose PMG PRIVATE NIL

PMG PRIVATE NIL isn’t just a service provider—we’re your long-term business partner. As a division of PMG Private CFO Services, we bring the same trusted financial expertise used by top-tier athletes and entertainers to the world of collegiate NIL. Our sole mission is to help student-athletes protect their earnings, grow their brand, and operate like professionals from day one.

We know how fast-paced your life is. That’s why our process is built for your schedule, your goals, and your future. From LLC setup to ongoing compliance, PMG PRIVATE NIL delivers clarity, structure, and confidence with every step.