Racehorse Syndicate Agreement Formula In San Jose

Category:
State:
Multi-State
City:
San Jose
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

The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. This may be a council or body or association of people or an association of concerns, officially authorized to undertake a duty or negotiate business with an office or jurisdiction.

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.

Clubs tend to be open where anyone can join - you effectively share the costs and fish from there. There can be limits on numbers, but mostly not. Syndicates tend to be limited numbers of places to fish 'special' venues usually containing some very big fish.

More info

The syndicate manager should provide all potential investors with a detailed business plan and proposed syndicate agreement asking them to come up with cash. Essentially, they have an agreement to be coowners with fractional interests in a horse, such as a racehorse, breeding stallion, or show horse.This is an advisory publication providing direction to staff administering the Sales and Use Tax Law and Regulations. Although. Stallion Syndications. We are pleased to present the 2022 Edition of the California Alcoholic Beverage Control. Act. A horse syndicate is a group of people who purchase shares in a horse as an investment with the intention of making a profit on what the horse produces. The colt was the most expensive. Thoroughbred ever sold at public auction in the state of. Richmond willever be the" child of the Fraser. While not the complete answer, hockey, football, and basketball are television sports.

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Racehorse Syndicate Agreement Formula In San Jose