- We Help Equine Businesses
Al Yazia Saeed Omeir Al Meheiri
Al Yazia Saeed Omeir Al Meheiri - UAE
What is the minimum buy in?
For the Spring 2000 partnership, the minimum buy in is $1,000 which constitutes 5% of the horse to be claimed.
Are their management fees?
Never. There are no costs other than those of the horses. There are certain costs of running a stable such as tax prep, etc., but the managing partners receive no salary.
Why has the stable been inactive since 1998?
Well actually, it hasn`t been. The breeding end of the stable has been quite active. Suana will have her third foal this spring and will be bred to Wavering Monarch. Our "babies" are now two and three-year-olds and SILENCE AND RAGE should start soon. The reason for the lack of claim activity has been due to the absence of managing partner Jeff Allen. He has been splitting time in Brisbane, Australia and Dundee, Scotland as he pursues advanced surgical technique in Laparoscopic Surgery. He returns this spring.
What about taxes?
The stable is a partnership. K1 forms are prepared by our accountants (Mulligan Hill, and Clemmons in Louisville). The share of loss or profit forms are sent to partners in March. These forms are included in preparing each partner`s personal income tax.
Can I buy into one of the horses that the stable currently owns?
No, not through this webpage. You are free to contact any of the partners and inquire into buying their interest in the partnership, though.
Do I get owners passes when I buy in?
By becoming a member of a partnership, you are eligible to buy your owners license in Kentucky or any of the states that the partnership`s horses compete at. See also benefits.
Will my name be on the program when the horse runs?
No. The horses run in the name Post Call Stable. Sometimes a name is required when a stable name is used. In that case the horse will run under the name Jeff Allen, MD, et.al. It would be impossible to list all owners of the syndicate and, for accounting purposes, only 3 names may be listed in the program. To rotate these names would be labor intensive and has caused tremendous accounting errors in the past.
Will I need to continue to contribute money to the partnership?
There is certainly that possibility. It really depends on how well the horses are running.
What is the minimum buy in?
For the Spring 2000 partnership, the minimum buy in is $1,000 which constitutes 5% of the horse to be claimed.
Are their management fees?
Never. There are no costs other than those of the horses. There are certain costs of running a stable such as tax prep, etc., but the managing partners receive no salary.
Why has the stable been inactive since 1998?
Well actually, it hasn`t been. The breeding end of the stable has been quite active. Suana will have her third foal this spring and will be bred to Wavering Monarch. Our "babies" are now two and three-year-olds and SILENCE AND RAGE should start soon. The reason for the lack of claim activity has been due to the absence of managing partner Jeff Allen. He has been splitting time in Brisbane, Australia and Dundee, Scotland as he pursues advanced surgical technique in Laparoscopic Surgery. He returns this spring.
What about taxes?
The stable is a partnership. K1 forms are prepared by our accountants (Mulligan Hill, and Clemmons in Louisville). The share of loss or profit forms are sent to partners in March. These forms are included in preparing each partner`s personal income tax.
Can I buy into one of the horses that the stable currently owns?
No, not through this webpage. You are free to contact any of the partners and inquire into buying their interest in the partnership, though.
Do I get owners passes when I buy in?
By becoming a member of a partnership, you are eligible to buy your owners license in Kentucky or any of the states that the partnership`s horses compete at. See also benefits.
Will my name be on the program when the horse runs?
No. The horses run in the name Post Call Stable. Sometimes a name is required when a stable name is used. In that case the horse will run under the name Jeff Allen, MD, et.al. It would be impossible to list all owners of the syndicate and, for accounting purposes, only 3 names may be listed in the program. To rotate these names would be labor intensive and has caused tremendous accounting errors in the past.
Will I need to continue to contribute money to the partnership?
There is certainly that possibility. It really depends on how well the horses are running.
