Partnership
Overview
We believe in our proven ability to raise equine athletes to the extent that we are not trying to sell you a horse. HMDC will retain 50% of each horse that is offered, with our offerings bred by Duncan Farm, Mapleton Thoroughbred Farm or Smokin’ C LLC. By broadening our partnership, we get to continually re-invest in the quality of our broodmare band and exceptional care that is in large part the cornerstone of our breeding philosophy. Our broodmares are selected specifically on the merits their proven bloodlines that match exceptionally with the stallion they are bred to. To take full advantage of the process, all of our partnership horses are bred by either HMDC, Duncan or Mapleton Farms.
Annual Partnership Offerings
Each summer HMDC starts with 6 to 8 yearlings selected for racing from our broodmare band. It is our intention to race in competition exclusive to Ohio Accredited or Ohio-bred horses for the benefit of competing for added-money and eventually the lucrative Ohio Stakes program.
For our horses that prove exceptional ability, we have the option to race against open company where additional funds are set aside for Ohio-breds or in rich out-of-state opportunities. Our primary focus though, first and foremost, is to take advantage of the monies made available through the Ohio Program.
Ownership Percentages
Each partnership consists of your choice of 12-15-30-45 % of our horses. These will be filled the year before when the horses are yearlings or up to April of their 2-year-old season. In support of our belief in our offerings, HMDC retains a minimum of 50% of the shares. The horses we select are expected to run for three years at which time the partnership is dissolved. Horses displaying exceptional ability and soundness will allow the racing partnership to extend their participation in 12-month increments going forward each year. The fillies that have established breeding value at the end of their racing careers will be sold and the remaining profits distributed among the partners.
Transparency
We take pride in our transparency of all of aspects in this offering. Unlike many partnerships we have no management fee. Our partnerships are set up as a business LLC with a 1099 form to every partner at the end of the year to reflect any taxable profit or loss. If a member would like to opt-out prior to the 3-year plan, they would be required to place their percentage interest with another shareholder before dissolving their share.
Rewards of Ownership
We want you to enjoy all aspects of horse ownership. By partnering with HMDC you will be doing more than making an investment with a proven group of veteran horsemen. We want you to enjoy every level that this affords you, starting with visits to our facilities. You can’t pet a stock portfolio on the nose or watch it as it grows in a lush paddock. HMDC will alert you to all workouts, progress reports and race entries. Licensed owners can watch their horses prepare in the mornings and go back to the barn to talk about their development with our trainers. On race day you’ll be a part of the event and welcome to come in the paddock to meet the jockeys prior to getting a leg up on your horse. Of course, we expect to see you in the winner’s circle for the photo.