There are many advantages to incorporating your business, including liability protection, legal separation between you and your business, and more. Therefore, incorporation is generally recommended for most businesses. And although incorporating your business can help you avoid many problems, filing your business formation paperwork incorrectly can create new ones. Fortunately, by...
Florida has a thriving equine industry that plays a significant role in the state’s economy. However, despite its many advantages, those in the industry face several potential legal risks. Owners, breeders, event hosts, trainers, and others may be held liable for a variety of issues. Fortunately, those in the equine industry can...
Public companies typically raise money by selling shares to investors. A shareholder is an individual or entity that has an ownership interest in a company. And although shareholders don’t typically engage in the day-to-day operations of the organization, they do have some rights and obligations. In this article, we examine shareholder right...
If you are a serious equine competitor, it may benefit you to obtain a sponsorship. In the equine industry, competitors and companies both benefit from sponsorships. From the company’s viewpoint, sponsoring an equestrian athlete can mean increased exposure and goodwill. For the sponsored party, benefits may include increased credibility, free gear, and...
Commercial contracts bind two or more parties to the terms of the agreement. However, for a variety of reasons, parties sometimes seek to terminate such contracts early. A party who terminates a commercial contract early often faces penalties. However, depending on the situation, it may be possible to terminate a commercial...
A joint venture is a type of business arrangement in which two parties or more make an agreement to pool their resources to accomplish a specific task. Each of the parties in a joint venture is responsible for the costs, profits, and losses of the project. However, a joint venture is considered...
As a horse owner, you understand that your horse requires regular medical care. Most equine veterinarians do a great job at caring for horses. However, everyone makes mistakes, including veterinarians. And, unfortunately, mistakes made by veterinarians can have serious consequences. In this article, we discuss proving veterinarian malpractice in an equine dispute.
Regardless of the reason for a horse purchase, one thing is for sure: a horse is a major investment. Therefore, when selling a horse, sellers are required to disclose certain information. This serves to protect both the seller and buyer. In this article, we discuss equine health disclosures in horse sales.
A buy-sell agreement is a document that reallocates the ownership of a business if one or more specified events occur. This type of agreement is commonly used when the owner of a business no longer wishes to own the business or is no longer capable of doing so. A buy-sell agreement can...
Whether those involved realize it or not, many relationships in the equine industry are partnerships. In most states, including Florida, the intention to conduct business together for profit is enough to create a partnership. In this article, we examine partnerships in the equine industry.
Examples of Equine Partnerships