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...

Your Horse, Equine Inffectious Anemia and the Law

Owners and operators on about one-third of farms, ranches, and private residences with horses have not even heard of equine infectious anemia. About another 20 percent have heard of the name of the disease ...Owners and operators on about one-third of farms, ranches, and private residences with horses have not even heard of equine infectious anemia. About another 20 percent have heard of the name of the disease ...

Business or Hobby – IRS guidelines help

Horse owners, whether their involvement is because of their love of the sport or purely for investment purposes, must be aware of the federal tax laws. The cost of owning a horse is ...Horse owners, whether their involvement is because of their love of the sport or purely for investment purposes, must be aware of the federal tax laws. The cost of owning a horse is ...

Liability Insurance
Better Safe than Sorry,
Part II

Anyone that operates their horse operation as a business needs to seriously consider obtaining a liability insurance policy. Because of the inherent dangers present when interacting with horses, the liability insurance policy will protect the equestrian from ...Anyone that operates their horse operation as a business needs to seriously consider obtaining a liability insurance policy. Because of the inherent dangers present when interacting with horses, the liability insurance policy will...

The successful lease

Leases are a common part of the equine industry. People lease horses for all different uses, including breeding, showing and pleasure, just to name a few. Like many horse transactions, leases often go undocumented, without addressing many of the critical ...Leases are a common part of the equine industry. People lease horses for all different uses, including breeding, showing and pleasure, just to name a few. Like many horse transactions, leases often go undocumented, without addressing many of...

Equine Activity Statutes: 4 of 4

Equine activity statutes protect equine providers from liability for injuries that have resulted from an inherent risk of an equine activityÑunder some circumstances and with certain exceptions. There are now equine activity statutes in 44 states.Equine activity statutes protect equine providers from liability for injuries that have resulted from an inherent risk of an equine activityÑunder some circumstances and with certain exceptions. There are now equine activity statutes in 44 states.

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...