when you need a lawyer for horse business financing

What Type of Trouble Do Horses Get Themselves Into?

Horses are good at getting themselves into trouble and sometimes, getting others in trouble.

What is an Equine Lawyer?

An equine law firm can be defined as a law practice that works with all types of horses, horse-related professionals, activities, organizations, businesses, and facilities.

Why Might Your You and Your Horse Need an Equine Law Firm?

Horse owners have been doing business with one another on the honor system for years, where, when it comes down to it, is nowhere to be found when a dispute comes to fruition.

Great Horse Lawyer Qualities

Having an team that understands your equestrian lifestyle and habits, the financial obligations, the personal time and work spent, the potential issues of the horse’s body, the dangers of horse sports, the positives and negatives of horse ownership, is a must.

Does the Small Business Administration offer horse loans?

Small Business Administration. The federal Small Business Administration does not actually offer loans directly to horse businesses, but does offer guarantees on loans provided by other loan providers.

Is FSA good for horse business?

FSA loans are especially good for people who can't obtain loans from more traditional sources, such as banks. There is also a Rural Development program for those who are wanting to start horse businesses in rural areas.

Does AgSouth offer horse loans?

Farm credit providers such as AgSouth are also willing to offer loans to horse businesses. These loan providers can offer specialized loans in the areas of equipment, livestock and farm improvement, as well as mortgages for purchasing real estate.

What is a horse statement?

A statement providing for specific disclosure of known (current or historical) health issues, temperament issues, quirks or requirements of the horse, to prevent a purchaser from claiming that you didn’t tell them about these issues.

What happens if a horse is not described?

If that is the case, then you are technically required to “repair” the issue or “replace” the horse. If those are not possible, you are required to refund the buyer. 7.

How long can you reject a horse?

However, buyers may try to argue that if they have bought a horse “unseen”, these regulations should apply and they can reject the horse in the first 14 days for no reason.

Do you own a horse when selling it?

Where you are selling on behalf of someone else, you should make it very clear to the purchaser that you are acting as an agent, that you do not own the horse and that if they decide to purchase, they will be making a contract with the owner of the horse, not you. This should protect you from the majority of claims.

Can you return a horse?

In most cases, a buyer should only be able to return a horse if there is a problem with it . However, increasingly, buyers are trying to rely on the so called “cooling off period” in the distance selling legislation.