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  1. #1
    Join Date
    Aug. 4, 2002
    Location
    Munster, Germany / Wellington, FL
    Posts
    631

    Default Syndicate Ownerships

    Can someone explain how they have set up a syndicate for horse ownership? I am interested in doing this with show jumpers, but I imagine this is very much the same as with racing, which as I understand does this more often.

    How did you set it up, etc, etc, etc...



  2. #2
    Join Date
    Feb. 13, 2007
    Location
    Down on the Farm
    Posts
    3,056

    Default

    It has been done with show horses before.

    First you have to establish what the horses worth is, then decide what percent you are willing to sell, and divide into shares from there. You can set things up so that owners pay a flat fee every month to cover expenses, or divide those up evenly also. There should be an iron clad contract with a manager of the partnership making important decisions such as when and where the horse is to compete and when to sell. Too many voices in a partnership will lead to discontent somewhere along the line.

    You should also look into tax write offs and the managing partner usually takes care of the forms at the end of the year.

    Hope that helps some!



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