why would lawyer invest in horse

Why invest in a racehorse?

The one sure thing about investing in a horse is that nothing will go according to plan, so the business plan should also include details on managing foreseeable setbacks such as injuries that require extensive rehabilitation, fertility issues, failure to perform as expected (or at all), market declines that cause horse prices to plummet, and even death.

Why do I need a lawyer to form a horse Syndicate?

Add in vet and travel costs, and the tab rises significantly from there. That's why the savvy investor may want to consider buying a yearling, a horse …

What happens if one horse is injured during an investment?

Apr 07, 2022 · Access to exclusive events with industry leaders. Race winnings paid directly to your online account. Updates, race entries, and recaps in the palm of your hand. Visits to racing stables, farms & training facilities. One Time Investment - No …

Where can I find an equine attorney?

May 21, 2016 · Bloomberg writer David Papadopoulos writes that one should seek finding “value” in a horse. He says: “You’re not necessarily looking for the most likely winner, so much as a horse whose odds are longer than they ought to be.” Venture capital is the extreme case in that the better betting value is determined by how cheaply one can buy optionality.

Are horses good investments?

“That horse can be worth $12 million to $40 or $50 million, depending on how good its blood lines are.” It is important to note that there is a difference in the value of male and female horses—and not because one can run faster; a stallion can father 150 foals a year; a mare can birth just one.Oct 18, 2010

Is a racehorse a good investment?

It's never a good idea to invest in a racehorse expecting to make money, but if done right, you can have fun, and there is a possibility for financial reward.Apr 3, 2022

What does equine mean in law?

Basically, it can be defined as the practice of law that involves all types of horses, horse-related activities, horse businesses, horse organizations, and horse facilities. Many attorneys with equine law practices serve horse owners or professionals by, for example, preparing or reviewing equine-related contracts.Jun 9, 2011

What does it mean to syndicate a horse?

syndicationWhat 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.Feb 9, 2016

How much should I invest in a racehorse?

Investors can get in for as little as $500 and as much as $100,000 per interest. At Team Valor, the entry level investment during a year is as low as $3,500 and usually runs between $7,500 and $25,000.May 7, 2016

Is it profitable to own a racehorse?

"Overall, from the time they buy a horse until they sell, they can make a healthy profit, about 20% or 30% - provided they listen to my advice." He says his biggest success story was an owner who invested £70,000. The prize money and profits from selling his horse came to more than £1.5m.Apr 9, 2011

What is the equine inherent risk law?

The Equine Activity Liability Act, in the majority of the states [5] that have adopted it, stipulates that an equine sponsor or equine professional, or any other person, including corporations and partnerships, are immune from liability for the death or injury of a participant that resulted from the inherent risks of ...

What equine activities mean?

The “activity” in equine activity is broadly defined to include horse shows, fairs, competitions, performances, or parades, including all breeds and all disciplines, such as dressage, hunter and jumper shows, grand prix jumping, three-day events, combined training, rodeos, driving, pulling, cutting, polo, steeple ...

What is an inherent risk law?

Inherent Risks. by Charles R. Gregg. 1) Inherent risks are those so integral to an activity that, without them, the activity loses its basic character and appeal. These are risks of injury or loss which cannot be reduced or avoided without changing the basic nature of the activity.

What is a syndicate ownership?

Syndicates are a form of shared ownership where the Syndicate members own, or lease, an interest in racehorses. A Syndicate is managed and administered by the Syndicator(s) and only the syndicator(s) must register as a Sole/Company owner. It isn't necessary for members of the Syndicate to register as owners.

What is a horse breeding share?

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.

How do horse racing syndicates make money?

Some syndicators take a cut of the prize money, while others keep it and distribute after deductions, and others have prize money transferred directly from the relevant racing body to each individual owner or syndicate in the horse. This should be recorded in the PDS or Deed of Sale documents.Sep 26, 2021

Invest in a Thoroughbred & Make Your Dreams a Reality

At Victory Racing, we offer thoroughbred racehorse partnerships at an affordable price. Driven by a common love for horses and a passion for the industry, investing in a racehorse has become one of the best decisions many of our partners have ever made.

Affordable

Because you can choose how much you invest, owning a horse can be within your price range.

Current Racehorse Partnership Prospects

If you are interested in racehorse partnerships, we at Victory Racing would like to welcome you into this exciting and invigorating industry. Our thoroughbred horse racing syndicate allows investors to buy horses or to buy a share that is proportional to their investment goals. Investors can also choose to invest in multiple horses.

Gallop into the Racehorse Industry

Our founders grew up around horses and the track, igniting a passion for horseracing at an early age. Because of this upbringing, we share the same love for horses and the horseracing industry that our investors do. By investing with Victory Racing, you will become an owner without having to deal with the expenses of tending to your horse.

What is ordinary and necessary business expense?

The phrase “ordinary and necessary business expenses” is not explicitly defined in the Internal Revenue Code, and what is “ordinary and necessary” is relative to each industry. For example, an ordinary and necessary business expense for a stable obviously differs from what is an ordinary and necessary business expense for an attorney.

Is an ordinary expense deductible?

In other words, an expense is generally deductible if it was incurred on ...

What is expected value?

Expected value, in turn, is a function of potential value outcomes and the probability of each outcome coming to pass. Investing is fundamentally a probabilistic exercise. Investing is the constant search for asymmetric payoffs, where the upside opportunity exceeds the downside risk.

Who is Steven Crist?

Steven Crist is the editor and publisher emeritus of the Daily Racing Form, a newspaper that reports on the past performance of race horses. Crist has had a number of jobs in the horse racing industry over the years, including writing about horse racing and the gambling generally as a reporter and columnist for The New York Times from 1981 to 1990. ...

Who is Warren Buffett's partner?

Buffett’s partner Charlie Munger is another example of someone who learned a lot from poker, including: “Playing poker in the Army and as a young lawyer honed my business skills.

How many spaces are there in roulette?

This is such a crucial and fundamental difference, and it is lost on the general public. The house is not setting the odds. In roulette, there are 38 spaces on the wheel, and if you pick the correct one, the house will pay you off at 35-to-one, and they will keep the difference.

Who is the founder of West Point?

West Point founder Finley checks in on Flashy's workout, then spends the morning mingling with an assortment of horse owners, trainers, jockeys and riders. His cell phone rings constantly. Finley 's job -- organizing all the moving parts that make up a partnership -- depends heavily on networking.

Where is Gulfstream Park Racetrack?

All eyes at the Gulfstream Park racetrack in Hallandale Beach, Fla., are on the 12 towering thoroughbreds filing into the starting gate. As the jockeys, resplendent in colorful silks and white pants, guide their companions into position, the sky opens up and douses the already muddy track.

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