limited as defined in the contract.
considered a Passive participant.
worries but no voice in decisions.
fame come with liability.
||You are liable
for things and must insure to be safe.
usually considered an active investor.
decisions and can become a famous hero because of the horse, with the rest
of the team doing most of the work.
||You are never
really a big hero if you made a proper, great decision, because the horse
will always be the hero.
||It is never
the horse’s fault. You can always blame the Jockey or the Trainer. It helps
pass the buck.
||If you can
agree with the other Co-Manager, it is fun and two heads are better than
can be enormous.
horse and a good team actually manage the horse.
Co-Ownership Non Managing
||You just sit
back and, however it turns out, you can enjoy this wonderful business.
||You may wish
you were the manager because the one in charge is dumb.
sometimes much better to let the ones who know what to do, run the show.
|You enjoy the
business as an owner and are treated as a king for less than it cost you to
little say and may be paying a large portion of the overall costs of the
is nice to be a big shot and if you have a famous horse it is even nicer.
||You put in a
small investment and relax enjoy the business as an owner.
||You may not
like the way the management is doing things and you have little or no say.
||You may be
judged a Passive Investor by the IRS.
||They have a
track record to judge their ability.
||They may have
been lucky and used up their luck.
||The group may
have industry contacts you could never have.
enjoyable because you are with people you like.
||A horse can
ruin a friendship, especially a good horse.
||The places you
can go, the fun you can have and still write it off are perks.
||It is a great
way for friends to get together and to meet new people.
bring out a side of people in general that you never imagined possible.
||You may get
your children married off to some very nice and very rich folks.