{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Teaching Tax Flow: The Podcast","title":"Ep. 202 | Future Athletes (NIL) / Entertainers","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/8eac3f63\"></iframe>","width":"100%","height":180,"duration":1313,"description":"In this eye-opening episode, John Tripolsky and Chris Picciurro welcome Jimmy Strong to discuss essential financial considerations for parents of talented minors. As children with unique abilities transition into high-earning scenarios in sports, entertainment, and other fields, understanding the financial implications becomes crucial. The episode clarifies the need for parents to have a strategic plan to safeguard their children's income and future.\nJimmy Strong, equipped with years of experience advising high-profile clients, emphasizes the importance of structuring finances right from the start. Key discussion points include establishing a manager-managed LLC, understanding potential income streams, and the need for proactive tax planning to minimize liabilities. This episode also delves into the specifics of navigating landscapes like NIL (name, image, likeness) revenue for young athletes, offering unique insights and actionable steps for parents to consider.\n⸻\nSTUDIO SPONSOR\nStrategic Associates\n👉 www.teachingtaxflow.com/studio\nEPISODE SPONSOR\nLegacy Lock\nBook a 30-minute complimentary discovery session at www.teachingtaxflow.com/legacy\n⸻\n👉 Spotify https://bit.ly/3KdmtJL\n👉 Apple Podcasts https://apple.co/3ZkyEtX\n👉 Amazon https://amzn.to/4qmdqa5\n👉 iHeart https://bit.ly/iheart-TTF","thumbnail_url":"https://img.transistorcdn.com/Qy7TCSKet4tlFzMYt_Syq_LGJX4F5KyjKLVj24DOF2k/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQwMjkyLzE2ODAw/NTEyNzQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}