Should You Have Any Questions Not Addressed Here Please CONTACT US And We Will Add It To The List
How Do You Structure Your Partnerships?
Each of our horses is set up under a separate LLC - the LLC itself owns the horse
What Do I Actually Own?
As an owner you have full ownership (to your %) of the horse and everything the horse does including your % of purse earnings, sale proceeds and breeding rights
How Much Is The Quarterly Maintenance?
Although costs can vary, a good assumption is approximately $170 per 1% ownership per quarter
Are There Any "Perks" To Being an Owner
As a licensed owner (we can assist in getting you licensed) you are entitled to all benefits including admission, race day paddock entry, parking, barn visits and more
Is My Ownership Transferable or Saleable?
In the unforeseen circumstance you want to either sell or transfer your ownership of your % of your horse we will work with you to find a buyer within the partnership
Who Makes The Decisions On The Races?
While we value all partners input on the career path of a horse and welcome all ideas, our team is in constant contact with our trainers and typically rely on our them to make the decisions as they are the ones with your horse day in and day out
Why Do You Buy New York Bred Horses?
While we like to joke and say "Because we want to go to every race" - that is only partially true. NYRA tracks aren't only beautiful and carry some of the sports highest purses, New York has one of the most lucrative awards program in the sport as well as restricted stakes races and an enhanced purse structures. New York bred horses are also eligible for additional purse $ when entered against open company in certain races. You can learn more about the New York Bred program HERE
What Do Partners Think Of The Stable / Experience?
We strive to make each partner experience as great as possible. You can read some partner testimonials HERE
How Do The Taxes Work?
Each horse is structured as a separate LLC and will file a K-1 which you will receive via our CPA group by mid to late March. You will get an email with an invitation to create a client access account from the Green Group ([email protected] or [email protected]) The subject of the email will be the entity name and 202X k-1 (keep in mind the entity name is not always the name
of the horse herself) where you will be able to find and download all the tax information you will need to file your taxes via their secure server. We do not email any sensitive tax information to partners directly. The link to the portal is www.clientaxcess.com
of the horse herself) where you will be able to find and download all the tax information you will need to file your taxes via their secure server. We do not email any sensitive tax information to partners directly. The link to the portal is www.clientaxcess.com
How Do I Get Started?
We would love to chat with you before you make any final decisions on purchasing your horse, but you can simply reserve your % of the offering through the secure checkout by clicking the "become a partner" link on the offering page. We will then generate a partnership agreement and email it to you to fill out and sign. If you prefer to do things the "old fashioned" way we can mail you the agreement and you can return it with a check
A Copy of an agreement (for an example) can be found HERE
A Copy of an agreement (for an example) can be found HERE
