An important decision to make when operating an equine venture is which business structure to use. There are several things to consider when choosing a business structure for your equine venture, including number of owners, control, liability, and other factors. In this article, we discuss how to choose the right business structure...
As a business owner, it is important to take steps to protect your organization from liability. Unfortunately, however, legal disputes sometimes arise despite your best efforts. And when this happens, you may require the assistance of expert witnesses to strengthen your case. In this article, we discuss the role of expert witnesses...
Horse leasing is common in the equine community, and it can provide benefits both to lessees and lessors. For a horse lessee, leasing is often a more affordable choice than purchasing and caring for a horse. In addition, leasing can allow a lessee to “test run” horse ownership without having to make...
For a business deal to work, the contracting parties must provide each other with accurate and truthful information. Unfortunately, this doesn’t always happen. Sometimes, a contracting party, either on purpose or inadvertently, misrepresents one or more materials facts to the other party. This practice is called misrepresentation. Depending on the circumstances, an...
As a business owner, it is important to always remain cognizant of the possibility of fraud. To put it simply: fraud can wreck your profitability, reputation, and more. Therefore, not only should you have a system in place to identify fraud, but you should also take steps to prevent fraud from...
A new horse is a major—and expensive—investment. Therefore, before purchasing a horse, it’s imperative to obtain a full horse purchase inspection, which is also commonly called a pre-purchase exam. Not only does a horse purchase exam help ensure that the buyer is receiving a healthy, sound horse, but it also protects the...
A non-compete agreement, also commonly called a restrictive covenant or a covenant not to compete, is an effective way to protect employers from unfair competition by their ex-employees. Fortunately for Florida employers, courts in the state routinely enforce such agreements. In this article, we discuss the essential elements of non-compete agreements and...
Horse breeding can be extremely lucrative and rewarding. However, it is not without its risks. Therefore, it is beneficial to both parties to a breeding transaction to solidify their business relationship with an equine breeding contract. Equine breeding contracts provide significant protection to all parties involved in a breeding arrangement. In...
Contracts are the backbone of the business world. Without contracts, parties in business relationships would be unclear regarding their expectations and responsibilities, thereby making the conducting of business extremely risky. So, as a business owner, it’s important to understand the basics of contracting. In this article, we discuss some important things to...
If you board your horse, you should have a written contract in place—even if you have a good relationship with the stable owner. The primary reason for this is that once you agree on a boarding arrangement for your horse, you have entered into a business relationship. As such, you must ensure...
