Horse Racing Syndicate Contract Format In New York

Category:
State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
Rich Text
Instant download

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.

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.

When choosing a Syndicate for the first time, the player will be asked to make a sacrifice, or pledge to the Syndicate, offering a small of friendship in return for a badge of their order - a Sigil. This will place the player at neutral Rank 0 with the chosen Syndicate.

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.

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.

More info

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.Edit, sign, and share Horse or Stallion Syndication Agreement online. No need to install software, just go to DocHub, and sign up instantly and for free. This bulletin explains how sales and use taxes apply to racehorses in New York State. Racehorses include thoroughbred, standardbred, and quarter horses. Creating a Syndicate or Racing Club is a great way to get involved in shared ownership. Here are 6 steps to get started! Form H should be completed in full. The ownership of the Syndicate Horse is divided into one share per person, who must have an active Racing TV subscription and has opted into the syndicate.

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Horse Racing Syndicate Contract Format In New York