Racehorse trainer biography of william knight

Co-ownership

Co-ownership of a racehorse involves the participation of more than one owner. It is effectively any type of racehorse ownership other than sole ownership.

Entering into co-ownership of a racehorse can lead to a number of different variations in how you the owner are involved.

Types of Co-ownership

There are 4 types of co-ownership:

Company Ownership

The horse is owned by the company’s shareholders.

The company must appoint a Registered Agent to act on its behalf.

Joint ownership

Can consist of between 2 and 12 individuals.

The horse(s) can run in either a joint ownership’s name or the name of a joint owner.

Leasing

Leasing a racehorse involves ownership of a racehorse for a set period of time, perhaps for one race or for its racing career

Costs that the horse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the ownership of the lessee

At the end of the lease the ownership of t