Withum’s professionals who work closely with celebrities are true trusted advisors, helping manage their clients’ finances efficiently, legally, ethically, and profitably, with the utmost confidentiality.
In the accounting profession, CPAs are typically in a position of trust and loyalty with their clients. For many high-profile or “celebrity” clients, the trust and loyalty placed in their CPAs is even greater. Withum’s professionals who are dedicated to this type of clientele can assist during contract negotiations, by reviewing the contract and focusing in on their client’s best interest.
In addition, they are also there to assist with estate planning, insurance protection, entity selection and structure, asset protection, budgeting and planning, state tax compliance, offshore investments, organizing and controlling the athlete’s cash flow —even on a daily basis, if needed. In order to help extend their short-lived careers, CPAs can provide assistance in generating lasting value by effective brand creation and management.