Horse Racing Syndicate Contract With Us In Georgia

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State:
Multi-State
Control #:
US-00039DR
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Word; 
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Description

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Syndication refers to a co-ownership of a horse, also known as a “co-ownership agreement” when made between two or more people. Each owner owns a fractional interest in the animal and the original owner is the syndicator and the manager.

For a syndicator to be approved by the BHA they must themselves be registered as a sole or company owner. SYNDICATE MEMBERS: Any person who has shares in the ownership, or lease, of racehorses through a syndicate should be listed a syndicate member.

Horse Racing Syndicates: How to Share Costs and Own a Racehorse Keep the partnership simple and get everything in writing. Find a horse you like and a great veterinarian you trust. Decide how many shares will be offered in a horse. Choose your trainer wisely. Map out a plan and consult with your partners and trainer.

Horse Racing Syndicates Horse Racing Syndicates Checklist. Define your Syndicate. Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate. Pick your Members wisely. Set up a Management Plan. Ensure Everyone is On Board. Make it Happen. Conclusion.

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Call us at or fill out the form below to find out more about how you can become a partner. Own a Piece of the Excitement.A syndicate generally refers to a group of people who come together to purchase shares in a horse. These ownership structures offer benefits and risks. The funds held in the Horse Racing for Georgia Account shall be used. Many invest in a syndicate (a method of sharing ownership for a racehorse or group of horses) for the social elements and community sensibility it provides. A syndicate is a great starting point. It allows you to purchase a share of a horse, to the value you are comfortable investing. To amend Title 50 of the Official Code of Georgia Annotated, relating to state government,. Contact Us. PLEASE FILL IN THE FORM BELOW IF YOU WOULD LIKE TO MAKE AN ENQUIRY.

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Horse Racing Syndicate Contract With Us In Georgia