Thoroughbred Partnerships

Thoroughbred racing syndication offers you the opportunity to participate in the excitement and thrill of the racing industry by acquiring an ownership or becoming a shareholder in a racehorse.

Over the last 20 years syndication has become a popular and affordable way to share involvement in racehorses. Increasing purses continue to drive this growth industry.

It allows the total cost to be shared over a number of owners and has therefore meant that many new people are able to participate in the racehorse ownership.

Syndication services are designed to make racehorse ownership affordable for everyone.

LLC or Limited Liability Corps seem to be the most popular and appropriate way of thoroughbred racing syndication. This allows fractional ownership and can limit liability to future debts.

A limited liability corporation is a separate business entity that combines the various characteristics of partnership and corporation to form an entirely distinct legal unit. A limited liability corporation is an exclusive business structure which provides the personal liability shield or limited liability protection found in a corporation.

In short it provides the advantages of a partnership or corporation, while being shielded from the disadvantages of these business structures.

Some LLCs are set up to incur further expenses. Some thoroughbred racing syndication operators bill you on a monthly basis for your share of the expenses.

Just remember horseracing can be an expensive hobby.

It also is incredibly rewarding.

Horseracing partnerships are also set up to share in the monthly expenses. Every month the racing syndicator will bill all the "partners" owning thoroughbreds that month.

Your earnings may or may not cover the operating expenses in any given month.