Horse Racing Syndicate Contract With Us In Wayne

Category:
State:
Multi-State
County:
Wayne
Control #:
US-00039DR
Format:
Word; 
Rich Text
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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

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.

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 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.

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.

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.Behrens said 140 of the syndicate=s microowners showed up to cheer him on. Hilkert enlisted in the US Army in 1977 and attended Army. ROTC at Ohio State while completing graduate school. Howard Head. 7. Peru. Founder, Interview Wise. Interview Wise University of Scranton. California Horse Racing Board (CHRB) Vice Chair Madeline. However, the trainers will operate separately in picking out horses to buy and in training them.

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Horse Racing Syndicate Contract With Us In Wayne