Do we have any breweries in Starkvegas?

[ChinaDogSunflower]

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

 

[Chesusdog]

There was one called Mayhew Junction but I think it shut down during 'rona.

 

[jethreauxdawg]

There is one in Spring Street Cigars, where mugshots was originally. Great cigar shop.

 

[WilCoDawg]

I’m here to see what clintoninhelen would do to Danielle Boone up there.***

 

[Bulldog45]

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

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?

 

[Allday.sixpack]

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

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?

 

[T-TownDawgg]

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?

 

[Jeffreauxdawg]

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.

 

[8dog]

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?

They probably call it a marketing/advertising expense.

 

[WrightGuy821]

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?

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.

 

[ChE1997]

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?

It's an advertising expense. Like paying someone to be in an Ad.

 

[LordMcBuckethead]

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

Good try ATF.

 

[OG Goat Holder]

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.

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.

 

[The Peeper]

There was one called Mayhew Junction but I think it shut down during 'rona.

This was their last Facebook post.......nothing since then

 

[The Peeper]

There is one in Spring Street Cigars, where mugshots was originally. Great cigar shop.

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

 

[The Cooterpoot]

Even poor *** USM gets it done

 

[ronpolk]

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.

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.

 

[8dog]

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.

 

[The Cooterpoot]

 

[ronpolk]

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.

 

[TXDawg.sixpack]

View attachment 375242

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?

 

[8dog]

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.

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.

 

[Boom Boom]

I'll have a Tyrus Wheat, please.

 

[ChinaDogSunflower]

View attachment 375242

Couple that with a 5% "Beer Old State" lager for the light beer drinkers and concession market is cornered.

 

[ChinaDogSunflower]

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?

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

 

[TXDawg.sixpack]

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.

 

[BulldogBlitz]

During my days, big Al had all us ChEs brewing beer. It should have happened a few times over for public consumption.

 

[ClintonInHelen]

I’m here to see what clintoninhelen would do to Danielle Boone up there.***

I’d hit it…

 

[Dawgbite]

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.

 

[ChinaDogSunflower]

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.

Report back if you remember.

Please and thank you