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I think you need to rethink those numbers. As I see it, that gives you $1,300 a month, and that's not enough. To save up enough fo pay a $10k stud fee, you're going to have to save $600 a month or so, leaving $700 to pay all the other expenses. You can sqeak by giving her cheap care, but you have no room for foaling fee, vet (outside of vaccines), extraordinary vet, repository films, vanning, sales nominations, etc.
If I was doing this, I'd collect $1,000 each up front for a vet fund that will be distributed back at the end of the partnership if any money is still in the fund. If the mare or foal collicks or has another emergency, you can go through $10k in a week, and you don't need to worry about how to pay. I'd collect more per month, maybe paid quarterly, with the first quarter up front (unless you know everyone and know they're good pay) to keep my bookwork down, and I'd also figure in at least a small amount for my own work paying all the bills, giving the quarterly accounting, keeping all the partners up to date, and providing year-end accounting for everyone's taxes.
Good luck if you do this. It should be fun and a learning experience, and if you're lucky, maybe even make a profit. The dream is why everyone that does it does it.
Last edited by Fager Fan; 10-23-2017 at 12:07 AM.
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