A partnership consists of 2-4 people, each of whom must be registered owners in their owner right. A partnership is lodged for a particular horse, then racing under all the partners' names or a chosen collective name. As all partners are registered owners, one of the partners (Partner 1) must have colours registered and this set will be used for the overall partnership. Partnerships allow those involved to divide up their debits (cost of running) and credits (prize-money) depending on the shares nominated on the form. While not allowing the number of people a syndicate allows for, the partnership is a good way of sharing the costs between a smaller group of owners. When registering a partnership there are two accounting options available on the form:
Click For More