Are horse syndicates worth it?

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

Are horse racing syndicates worth it?

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

US Legal Forms
Spec Forms
North Dakota
Horse or Stallion Syndication Agreement

North Dakota Horse or Stallion Syndication Agreement

Q: How much is a syndicate horse?

A 100% syndicated horse at $120,000 means you&#039;re up for $6,000 for a 5% share. This equates to $1,200 for each member of a 5% syndicate group. Yearly costs will vary between $40,000 and $60,000 depending on where the horse is based and where it races.

Category:

Animals - Horses

State:

Multi-State

Control #:

US-00039DR

Format:

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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How to fill out Horse Or Stallion Syndication Agreement?

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Form popularity

FAQ

Horse syndication is now the most common way for new owners to get involved in racehorse ownership. A licensed syndicator will sell shares in horses they own, with individuals buying different portions of that horse (2.5%, 5%, or 10% shares being the most popular).

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

Typically, a share in a stallion syndicate entitles the share owner certain breeding rights to the stallion; principally, the right to breed to the stallion without paying stud fees. Modern stallion syndicates offer more options.

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

Horse Racing Syndicates Explained. Horse syndication is now the most common way for new owners to get involved in racehorse ownership. A licensed syndicator will sell shares in horses they own, with individuals buying different portions of that horse (2.5%, 5%, or 10% shares being the most popular).

A syndicate allows multiple people to purchase equal shares in a horse which cuts ownership costs, allowing more people to take part in the ownership. For example, five people decide to form a group to purchase 5% in a racehorse. Each member owns 1% of the horse and also 1% of the horse's upkeep during its career.

A 100% syndicated horse at $120,000 means you're up for $6,000 for a 5% share. This equates to $1,200 for each member of a 5% syndicate group. Yearly costs will vary between $40,000 and $60,000 depending on where the horse is based and where it races.

North Dakota Horse or Stallion Syndication Agreement

Description

Related forms

Viewed forms

How to fill out Horse Or Stallion Syndication Agreement?

Form popularity

FAQ

What is horse syndication?

How does horse syndication work?

What is a stallion syndicate?

Are horse syndicates worth it?

What is a horse syndication?

How does a horse syndicate work?

What is stallion syndication?

What is a stallion share?

How much is a syndicate horse?

Are horse racing syndicates worth it?

Trusted and secure by over 3 million people of the world’s leading companies

North Dakota Horse or Stallion Syndication Agreement

Description

Related forms

Viewed forms

How to fill out Horse Or Stallion Syndication Agreement?

Form popularity

FAQ

What is horse syndication?

How does horse syndication work?

What is a stallion syndicate?

Are horse syndicates worth it?

What is a horse syndication?

How does a horse syndicate work?

What is stallion syndication?

What is a stallion share?

How much is a syndicate horse?

Are horse racing syndicates worth it?

North Dakota Horse or Stallion Syndication Agreement Related Searches

Trusted and secure by over 3 million people of the world’s leading companies