Hello! Welcome to your Wednesday Deep Dive. Before we begin, the time to purchase your Sleuthy Detective hat is NOW.
We won’t be doing another run of these for a while, so if you were procrastinating, this is your only chance.
I mean, it's one LLC, Michael. What could it cost?
When I started FOIAball last summer, the first thing I did was create an LLC. It was annoyingly expensive.
I did mine in New York. It’s pricier than some states, but I live here, and it has extremely strong legal protections for journalists. All told, between filing fees and myriad associated costs, it ran me over $1,000.
Which is a steal compared to what universities are spending to start LLCs for their own athletics departments.
Those cost a lot more. These LLCs are being spun up by high-priced consultants and lawyers who are charging a mint as schools scramble to shift management models on the fly.
But it’s not just the money. It’s cover, too. In one instance that FOIAball found, a school set up its LLC in a completely different state.
Want to see how much schools are paying to build these new athletic ventures?
Want to know which university set up in Delaware to avoid scrutiny?
FOIAball has the contracts and filings. Upgrade today to read the rest.
