In the case of horse syndication, a group of people are involved together to purchase a horse, which they think is good enough to perform well at a professional event. This ownership not only covers the initial actual cost of the horse but also recovers the annual amount of money needed for the maintenance of the horse. You can indulge 10 of your friends in the syndicate and buy a share in a racehorse for 10% investment, 1% for each. You maintain the cost of the horse on annual basis. The good thing is that syndication comes in different affordable price ranges and all these prices are predetermined. The horse syndicates are created because they allow you to afford a racehorse. You can share the experience of a racehorse competing at the highest level with a group of friends. That makes it even more exciting.

                In fact, the Horse syndicates offer you an affordable and reliable way of investing. First of all to create a syndicate you should be able to decide or select a specific horse which you think is good enough to compete in an event. Before selecting your racehorse certain attributes like age, price range etc. must be kept in mind. After this has been done, you need to calculate the amount that you will need to raise through your syndicate.The next thing that you need to do is to contact your lawyer and ask him to create a limited liability company (LLC) for your syndicate. You should also draft a syndicate agreement for your horse, owners and yourself as well. Later on, you can put forward the terms of reference to your owners and promote the benefits of your syndicate.

Annual maintenance fee:

                In actual the annual maintenance fee is divided between all the syndicate members and helps to cover the expenses related to the horse. You should determine the fee and must take your owners into confidence in order to make sure that they are well aware of their annual financial obligation. The annual maintenance fee can also be tax deductible in the case of individual owners if their payment is made through either of these two organizations. i.e.

  • American Horse Trials Foundation.
  • Southern California Equestrian Sports.

Legal aspects:

                One thing which is of supreme importance is that you should pen down your contract by an experienced lawyer, which is to be signed by every member of the syndicate. The lawyer should be proficient enough regarding these legal matters because it is very important to protect both you and your syndicate members.

Maintaining your Syndicate:

                Maintaining your syndicate efficiently is very important to get the maximum output from your investment. To do so you need to make sure that you are regularly updating your fellow syndicate members regarding thehorse. You should indulge them in different activities to make sure that sense of excitement is always there around your group.Meanwhile, horse syndicates allow you to balance out annual expenditure of competing and keeping your racehorse in the sport

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