Thread: Nicely bred 2 year old Smarty Jones fillies available: 5% shares
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Old 04-28-2010, 10:46 PM
Scav Scav is offline
Saratoga
  
Join Date: May 2006
Location: Northwest of The Chi
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Originally Posted by phystech View Post
What is the set-up of the business entity? LLC? GP? Inc?

Will the business be insured?

Thanks for the breakdown of costs! Nicely done!!!

I've always got some partners that are interested in babies so I'll run it by them. We've got some cash lying around so it might be interesting to jump in on a couple shares.......
The horses will most likely be run under "Charles Simon, Paul Harte, and Paul Harte's Friend" but I will have to confirm that with Chuck. There is no reason for everyone to pay for licensing on a 5% share,when some states, like KY, are over $100 to get licensed.

We are not setting this up as an LLC or partnership, just a bunch of people jumping in on small shares on some nicely bred fillies
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