Buying A Show Horse

People often spend a huge amount of money purchasing show horses. Some buy for investment purposes, while others merely for pleasure. Regardless of your reason for purchasing the show horse, the purchaser wants to ensure they get what they pay for. In order to protect your investment, several steps can be taken prior to the purchase of the show horse.

When to Call an Equine Lawyer

Armand Leone is an attorney by trade and no stranger to the court room, but when he leased a horse in 2012 that became injured, he was involved in a lengthy and expensive arbitration for which he hired a lawyer. After giving endless “horses 101” lessons to his counsel before any progress could be made on his case, Leone realized there was an opportunity for him to help his fellow horsemen. As a result, Leone Equestrian Law was born in 2014.

Dealing with Injuries to Children

If you're in the horse business, you're probably also in the kid business. A child (minor) is a person under the age of 18. Children occupy a special place in the eyes of the law. Dealing with the Child. A child cannot enter into a legally binding contract for the purchase of goods or services unless the goods or services are regarded as "necessaries."

Operating your horse business as a partnership

The manner in which a taxpayer carries on a horse racing or breeding activity is one of the most important factors in determining whether the activity qualifies as a business rather than a hobby for tax purposes under current IRS regulations. An increasingly favorite form of doing business is the general partnership, which is the subject of this article.The manner in which a taxpayer carries on a horse racing or breeding activity is one of the most important factors in determining whether...

Equine Activity Statutes: 3 of 4

In a previous HorseLaw article, I discussed the questions what persons and organizations are protected by Equine Activity Statutes and what are equine activities. Each of the 44 states with an Equine Activity Statute limits the protection of the statute to injuries resulting ...In a previous HorseLaw article, I discussed the questions what persons and organizations are protected by Equine Activity Statutes and what are equine activities. Each of the 44 states with an Equine Activity Statute...