If your CPA has told you that you need to invest profits from a successful venture, you have a good problem. You might consider putting the money into something you have enjoyed watching for years but have never actively participated in before. For those who love to attend major thoroughbred racing events, this could be the time to try race horse partnerships as a way to get a tax advantage. The investment and partnership must be recognized as a business by the IRS though.
Even if you only own a percentage of a thoroughbred, you will probably end up making a substantial investment. You want to go into partnership with people who have past experience in this business. If you have never purchased this type of animal, you need to work with others who have. Picking a world class racing thoroughbred requires knowledge and good instincts.
Along with experience, you also need to choose a partner who has expertise when it comes to the racing industry. It helps if the person you partner with knows horses, and how racetrack politics work. You and your partner may both love horses, racing, and high stakes gambling, but this venture is first and foremost a business. You should choose a business partner who is serious about the bottom line.
Since this venture is a business, you want it to be successful. When selecting the best partnership, you need individuals with proven track records, and that means experience winning races. No one can possibly pick a winner every time, but the partner you choose should be adept at sensing good horseflesh and picking thoroughbreds with potential. When you invest your money in racing, you expect to see your horse at the most prestigious racetracks around the world.
Everyone involved in thoroughbred ownership has a lot of money at stake. It is imperative that horses prove their worth by winning races. While this is extremely important, you and your partners must have your horse's best interests as a top priority at all times. The best trainers, jockeys, and staff always keep the thoroughbred's health and safety in the forefront.
As a money partner you can expect a number of perks when it comes to being welcomed at auctions, stables, and at the track. You can reap the rewards without having the responsibility of daily operations and decisions. Over time, most partners develop lasting friendships with the trainers, groomers, and exercise personnel involved in their horse's care.
Some of the other benefits you can depend on when you become a money partner are preferred track seating and paddock passes. You will be invited to share in the glory of the winner's circle on the occasions your thoroughbred claims first prize. Most partners now have online portal access to privileged information about their horse's training, race placement, and health.
Horse racing is an exciting sport that has fascinated participants for centuries. It can be even more exciting if you have some ownership in the one of the horses on the track. Investing in a thoroughbred is a great opportunity to become actively involved in what is known as the sport of kings.
Even if you only own a percentage of a thoroughbred, you will probably end up making a substantial investment. You want to go into partnership with people who have past experience in this business. If you have never purchased this type of animal, you need to work with others who have. Picking a world class racing thoroughbred requires knowledge and good instincts.
Along with experience, you also need to choose a partner who has expertise when it comes to the racing industry. It helps if the person you partner with knows horses, and how racetrack politics work. You and your partner may both love horses, racing, and high stakes gambling, but this venture is first and foremost a business. You should choose a business partner who is serious about the bottom line.
Since this venture is a business, you want it to be successful. When selecting the best partnership, you need individuals with proven track records, and that means experience winning races. No one can possibly pick a winner every time, but the partner you choose should be adept at sensing good horseflesh and picking thoroughbreds with potential. When you invest your money in racing, you expect to see your horse at the most prestigious racetracks around the world.
Everyone involved in thoroughbred ownership has a lot of money at stake. It is imperative that horses prove their worth by winning races. While this is extremely important, you and your partners must have your horse's best interests as a top priority at all times. The best trainers, jockeys, and staff always keep the thoroughbred's health and safety in the forefront.
As a money partner you can expect a number of perks when it comes to being welcomed at auctions, stables, and at the track. You can reap the rewards without having the responsibility of daily operations and decisions. Over time, most partners develop lasting friendships with the trainers, groomers, and exercise personnel involved in their horse's care.
Some of the other benefits you can depend on when you become a money partner are preferred track seating and paddock passes. You will be invited to share in the glory of the winner's circle on the occasions your thoroughbred claims first prize. Most partners now have online portal access to privileged information about their horse's training, race placement, and health.
Horse racing is an exciting sport that has fascinated participants for centuries. It can be even more exciting if you have some ownership in the one of the horses on the track. Investing in a thoroughbred is a great opportunity to become actively involved in what is known as the sport of kings.
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Find out about the best race horse partnerships by touring our official website right now. To know more about our available horses and to check out our image gallery, use the links at http://www.mogerracing.com .