The equine industry presents unique challenges to business owners. Unfortunately, many of these challenges involve potential liability. Therefore, when forming an equine business, it is imperative to seek the guidance of an attorney who understands the complexities of the horse industry. A corporate and business law attorney with experience in the equine industry will help you limit risk, advise you on potential liability issues, assist you with employment and business planning matters, and more. In this article, we discuss why you should hire an attorney when forming your equine business.
Liability Risk Reduction
Horse barn operators face significant liability issues from several sources. To reduce this liability risk, it is advisable to establish a business structure that protects your business assets. In most cases, this entails the formation of a limited liability company or corporation. In addition, the development of liability waivers can provide protection when working with boarders, trainers, riders, and the public. However, attempting to undertake these tasks alone can be difficult. Therefore, to reduce your liability and protect your livelihood, it is advisable to work with an experienced attorney to structure your business and draft necessary legal documents.
For equine businesses that offer boarding, written boarding agreements are imperative. Beyond issues like payment, duration, and boarding services, they should address issues such as emergency treatment, remedies for non-payment, and emergency contacts. An experienced attorney can assist you in the creation of effective boarding agreements.
Most equine businesses must address employment issues. For example, it is important to distinguish whether persons who work for your business are employees or independent contractors. Not only is this important for the purposes of complying with employment laws, but it can greatly impact your business’s liability risk. Therefore, when hiring people to work for your business, you should seek the guidance of an experienced attorney.
Purchases, Sales, and Leases
Finally, starting an equine business requires the use of written lease or purchase agreements. Essential terms in such agreements include details on horses and their performance capabilities, price and financing, transportation, trial period terms, pre-purchase examinations, veterinary history, insurance, and more. Given the complicated nature of such agreements, anyone forming an equine business should seek the assistance of a Florida corporate and business law attorney.
Contact a Florida Corporate and Business Law Attorney
At Gueronniere, P.A. we provide personalized legal services and solutions to equine industry clients throughout Florida. Founding attorney Grace de la Gueronniere has years of corporate, business, and equine law experience. So, when you come to us for assistance, you can rest assured that we have the experience and knowledge necessary to assist you with your unique corporate and business law needs. Please contact us today to arrange a free initial consultation with our talented corporate and business law attorney.