Athletes and Entertainers

EisnerAmper understands the rapid pace and unique aspects of highly talented athletes and entertainers. As such, we take a custom approach to meet each client’s specific needs. Our service offerings include financial planning, tax minimization, personal budgeting and advisory services.

Our practitioners review your information through an objective lens, maintaining the highest level of confidentiality. Our ultimate goal is to enhance the quantitative and qualitative aspects of your personal brand.

EisnerAmper’s integrated team includes accounting, tax and other professionals with decades of experience providing financial advisory services to athletes and entertainers. These professionals hold a variety of advanced degrees and accreditations (CPA, CFP, JD, RIA, CFE, CIRA, and NFLPA-Registered Player Financial Advisor.) Our services include:

Contract Review

Our professionals can review the business objectives within various contracts, including player, performance, personal service, licensing and endorsement. Taking a long-term view we:

Assist in contract structure
Advise on licensing, joint venture and profit-participation proposals
Conduct royalty contract compliance audits and protect intellectual property
Review expense reimbursements and income opportunities from endorsements, personal appearances and awards
Review tax minimization provisions
Review state and international tax credit optimization and utilization

Financial Planning

We understand that the length of an athlete’s or entertainer’s career can be less predictable than of someone in a more traditional profession. It requires we take a holistic, proactive approach to financial planning:

Manage cash flow and debt
Establish and monitor annual budgets
Create a long-term retirement and asset-accumulation plan
Provide risk management and asset protection via an insurance strategy
Advise on life and health insurance planning and long-term disability
Review estate and inheritance plans
Advise on power of attorney

Investment Advisory

EisnerAmper analyzes your portfolio to maximize returns and identify cost- and risk-reduction opportunities. We then implement an investment strategy tailored to your financial goals and risk tolerance. To maintain a cycle of excellence, we regularly analyze performance and rebalance portfolios when prudent.

Investment Proposal Review

Athletes and entertainers often have business opportunities offered to them, many of which are unsolicited. Our practitioners carefully review proposal documentation including cash outlay, loan covenants, rate of return, personal risk exposure, transaction structure and entity formation (limited liability company, partnership, corporation).

Forensic, Litigation and Valuation

With higher risk exposure than the average person, athletes and entertainers can be targets for litigation. Our advisors will:

Assist your legal counsel on litigation issues
Assess the economic impact of proposals or settlements
Provide forensic accounting, discovery and expert testimony
Monitor and provide strategies in cases of financial distress or bankruptcy

Tax Planning

EisnerAmper can develop a 360-degree tax strategy to maximize deductions in order to minimize tax exposure, as well as maintain compliance with taxing authorities:

Advise on multi-state issues including tax domicile and state tax reciprocity, duty days for athletes and other consideration
Prevent global double-taxation for non-U.S. athletes and entertainers
Suggest business structure for greatest flexibility and protection, (e.g., limited liability company, partnership or corporation)
Examine deductions such as agent and professional fees
Minimize tax attributable to retirement income and deferred compensation
Create tax strategies for philanthropy, foundations or charitable trusts