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.
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
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...
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...
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...
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...
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...
Equine events, such as races and horse shows, provide excellent opportunities for horse enthusiasts to do what they love. However, those who put on such events take a significant risk. Horses can be dangerous, and they present a risk to participants and spectators alike. Therefore, as an equine event organizer, it is...
When purchasing a horse, you expect it to be healthy and fit for your intended use. Unfortunately, however, some horse sellers are less than honest when conducting business, and they sell horses with known medical defects. In addition, others may unknowingly sell horses with medical problems. In this article, we discuss what...
The equine industry is growing in popularity, which means that more people than ever are buying and selling horses. Unfortunately, however, many of these equine sales lead to disputes—some of which result in litigation. So, whether you are a buyer or seller, it’s important that you takes steps to avoid such disputes....
