Group Type Do the owners (and riders) operate as an incorporated Yes: continue business (Ltd Company or LLP)? No: go to 1.5. Are the parties involved operating a business? Yes: continue Do you anticipate submitting a tax return (corporation Yes: continue tax or income tax return) for the profits of the business? Is it preferable for the business to have its own legal Yes: Please speak to Ellen Moran of Knights labiality and accounts because of the anticipated regarding incorporation of a company: turnover? Do the parties involved intend to identify specific roles Yes: You may need to create a Partnership for each other and agree how costs and profits are Agreement, please complete part B. shared between them annually? No: go to 1.6 All the parties involved agree they are not in business Yes: A Co-ownership Agreement may suit so but wish to formalise the arrangements between them please complete part B. for the ownership of a horse(s). No: go to 1.7 Is this a group of supporters who wish to be involved in Yes: This is probably a club membership for supporting specific horses or a rider for an annual fee? which a constitution or set or rules will be required. No: go to 1.8 Does the arrangement include one or more horse Yes: this is a Syndicate Agreement which will and/or riders backed by a group who wish to have a require a manager and written terms stake in their prospects? No: your proposal is quite unique! Are you a rider wanting to ride other people’s horses Yes: You should discuss with us the without the financial burdens of horse ownership? implications of being employed by the owners, being self employed or under contract. Be careful to get this right for tax, insurance and pension purposes. Get advice on the arrangement and have it in writing on terms to protect you and your staff. Do you or your group or organisation wish to acquire a Yes: Horse Loan Agreement horse for a specific purpose on agreed terms? PART B Group Details What will the group's name be to be recorded on
Group Type Do the owners (and riders) operate as an incorporated business (Ltd Company or LLP)? Yes: continue No: go to 1.5. Are the parties involved operating a business? Yes: continue Do you anticipate submitting a tax return (corporation tax or income tax return) for the profits of the business? Yes: continue Is it preferable for the business to have its own legal labiality and accounts because of the anticipated turnover? Yes: Please speak to Ellen Moran of Knights regarding incorporation of a company: Do the parties involved intend to identify specific roles for each other and agree how costs and profits are shared between them annually? Yes: You may need to create a Partnership Agreement, please complete part B. No: go to 1.6 All the parties involved agree they are not in business but wish to formalise the arrangements between them for the ownership of a horse(s). Yes: A Co-ownership Agreement may suit so please complete part B. No: go to 1.7 Is this a group of supporters who wish to be involved in supporting specific horses or a rider for an annual fee? Yes: This is probably a club membership for which a constitution or set or rules will be required. No: go to 1.8 Does the arrangement include one or more horse and/or riders backed by a group who wish to have a stake in their prospects? Yes: this is a Syndicate Agreement which will require a manager and written terms No: your proposal is quite unique! Are you a rider wanting to ride other people’s horses without the financial burdens of horse ownership? Yes: You should discuss with us the implications of being employed by the owners, being self employed or under contract. Be careful to get this right for tax, insurance and pension purposes. Get advice on the arrangement and have it in writing on terms to protect you and your staff. Do you or your group or organisation wish to acquire a horse for a specific purpose on agreed terms? Yes: Horse Loan Agreement PART B Group Details What will the group's name be to be recorded on
Guidance-and-Checklists-EQU84_EQU84_0_7029012.docx