What does it mean to syndicate a racehorse?

In the horse world, a syndicate is generally a group of people who pool their funds to invest in a horse together and share the horse's annual costs. Everyone who buys in is a shareholder and owns a portion of the horse for a set period of time, or until the horse is resyndicated or sold.

US Legal Forms
Horse or Stallion Syndication Agreement

Horse Racing Syndicate Contract For Deed In Phoenix

Category:

Animals - Horses

State:

Multi-State

City:

Phoenix

Control #:

US-00039DR

Format:

Instant download

Description

The Horse Racing Syndicate Contract for Deed in Phoenix outlines the agreement between owners and a syndicate manager regarding the fractional ownership of a thoroughbred stallion. It establishes equal undivided interests among owners, detailing rights, obligations, and how interests can be sold or transferred. The form specifies management responsibilities, including the stallion's breeding and care, and outlines the roles of the syndicate manager and members. Filling out the contract requires users to complete specific sections with details about the stallion, owners, and management processes. This contract is particularly useful for attorneys, partners, and paralegals involved in forming or managing horseracing syndicates, as it provides a clear framework for ownership rights and operational guidelines. Additionally, it addresses tax elections and conditions for transferring fractional interests, making it practical for legal assistants and associates who assist in drafting or managing syndicate agreements. Overall, the standardized nature of the form promotes clarity and facilitates easy edits as membership or ownership changes occur.

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FAQ

In the horse world, a syndicate is generally a group of people who pool their funds to invest in a horse together and share the horse's annual costs. Everyone who “buys in” is a shareholder and owns a portion of the horse for a set period of time, or until the horse is resyndicated or sold.

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.

BG Racing Syndicates With both flat and national hunt options, 1% shares start at £250 per year.

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.