I thought I remember hearing about one in the cotton district.
WVU (and others) have a great idea that would be awesome for our NIL
WVU (and others) have a great idea that would be awesome for our NIL
Do we have any breweries in Starkvegas?
- Thread starter ChinaDogSunflower
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There was one called Mayhew Junction but I think it shut down during 'rona.
There is one in Spring Street Cigars, where mugshots was originally. Great cigar shop.
I’m here to see what clintoninhelen would do to Danielle Boone up there.***
Brings up a question, when the concessions business is competed by the university can a company pitch an NIL % donation as part of their bid? Assume state laws might come into play and it might be tied to the overarching food service contract for the university, but if the university were to contract concessions to the NIL, then maybe the NIL can sub it out?
Need an accountant or tax advisor to answer how a business can give revenue to a “for profit” like an NIL collective entity and not show the revenue as a gain? How do they show this as an operating expense?
Yeah, Boise State did this back in the spring.
Horseshoe Collective
It's a novel idea, but we're all 17d when Texas A&M starts getting $5 from every barrel of oil being sold in the US.... Wait, being told they already are getting it. Carry on, they'll continue to suck big hairy bollocks.
Horseshoe Collective
It's a novel idea, but we're all 17d when Texas A&M starts getting $5 from every barrel of oil being sold in the US.... Wait, being told they already are getting it. Carry on, they'll continue to suck big hairy bollocks.
They probably call it a marketing/advertising expense.
If the NIL collective is a 501c3 organization, a business can write off up to 25% of taxable income as a "charitable contribution" not sure if the Bulldog Initiative is that type of organization or not though.
It's an advertising expense. Like paying someone to be in an Ad.
Good try ATF.
They aren't. Most of them are LLCs. NCAA recently just clarified that too, the 'gifts' are not tax deductible.
My question is do the collectives pay tax on the money they receive? Not sure how they get around that.
I don't do cigars but went in Spring Street to at least try some of their beer. I had to leave w/ it, I just can't take the smoke it was awful. Beer wasn't good either
Are they really LLC’s? Wouldn’t that put the tax burden on an individual? If there is a tax burden. I figure most are managing to a zero profit.
Yes. The BI is definitely a LLC. But the individual isn’t getting a membership interest in the LLC so the income would not K-1 out to them. It’s a unique tax question though.
I worded that terrible but I meant the owner of the bulldog initiative has the tax burden. No idea who that is but given Charlie Winfield seems to run it, I’m guessing he is.
That's actually a pretty good beer from Buffalo Bayou in Houston. Too bad their distribution network is relatively small. Have any of ya'll found More Cowbell in Mississippi?
Well if it’s single member they will just pay the liability from the funds of the collective. But I reiterate I dont completely understand the taxability of it.
Couple that with a 5% "Beer Old State" lager for the light beer drinkers and concession market is cornered.
Oh it's real? Fantastic
It would be awesome if they got a little more backing and Selmon made a deal for them to supply events/games
Yes, it’s real (just not made by “Starkvegas Brewery”. It’s my go to for watching football games:
Our Beers — Buffalo Bayou Brewing Co.
www.buffbrew.com
Buffalo Bayou has a pretty big following in Houston and all of SE Texas. I don’t think they do much nationally, though.
During my days, big Al had all us ChEs brewing beer. It should have happened a few times over for public consumption.
1817 Brewery is in Okolona MS and they make some good beer. Bulldog Burger has it on draft ,they don't bottle or can yet but I'm sure that coming. I see the guy who owns it fairly regular. Next time I see him ill ask if he's ever considered doing something like this.