Cartwright Thoroughbreds invites you to become part of the thrilling world of owning and racing thoroughbreds without assuming the full financial risk and administrative responsibilities of sole ownership.

Are you ready to enjoy the benefits of ownership? Here's what to do next:

1. Contact manager Bill Cartwright now by calling 773-255-7666 or CLICKING HERE to email.
   
2. Request an LLC Operating Agreement and setup a face to face or phone meeting with Bill to discuss.
   
3. Review Agreement and work with Bill to determine customized terms for your ownership group.
   
4. When the group is formed and funds collected, Bill will proceed with the horse purchases.

And you're off to the races!

Here are some Frequently Asked Questions for prospective owners:

What will it cost to get started?
How will the operating expenses be paid?
How are the horses chosen?
How many horses are there in a group?
What types of horses will be purchased?
How many members will be in each group?
Why should I be a part of multiple horses instead of having sole ownership of one?
Where will the horses be stabled?
What happens on a day a horse runs?
How will I be updated on the progress of the horses?
How will I be updated on the purse money and expenses?
How will the taxes be reported?
Why the choice of an LLC (Limited Liability Company)?
What happens if the money in the business account is exhausted?
Will I be able to leave the partnership before it is dissolved?
Do you take out insurance on the horses?
How does the partnership conclude?
Do members have a say in the decision making process concerning the horses?
How does Cartwright Thoroughbreds receive compensation?
Will I need to be a licensed owner?

• Q: What will it cost to get started? Top
  A: There will be offerings ranging from $15,000 to $50,000 per share; the level at which you choose to participate is up to you.
  

• Q: How will the operating expenses be paid? Top
  A: Each LLC will have $20,000 of the initial investment put into a business account to cover approximately 6 months of costs.
  

• Q: How are the horses chosen? Top
  A: The horses will be evaluated according to confirmation and bloodlines along with the manager's overall assessment of their racing potential. They will be purchased at either public auctions or private sales. The horses resale value, as a broodmare or stallion prospect after their racing careers, will also be taken into consideration. We will look primarily for 2-3 year olds that have at least one start or have a solid foundation of work that shows promise as a racehorse. We will try to diversify the stable with a mix of turf/dirt breeding along with sprint and route capabilities, although our main objective will still be to buy horses with the best racing potential.
  

• Q: How many horses are there in a group? Top
  A: Anywhere from two to four horses will be in each group consisting of a quarter to half interest in each.
  
  
• Q: What types of horses will be purchased? Top
  A: We will look primarily for 2-3 year olds that have started or that have a solid foundation of training. We will try to diversify the stable with a mix of turf/dirt breeding along with sprint and route capabilities, although our main objective will still be to buy horses with the best racing potential.
  
  
• Q: How many members will be in each group? Top
  A: Most LLC’s will consist of four shares, giving each investor the opportunity to buy more than one share if available.
  
  
• Q: Why should I be a partial owner of multiple horses instead of having sole ownership of one horse? Top
  A: Multiple ownership increases your chances of getting a horse you own to the races and getting wins, while decreasing the risks associated with having your entire stake on only one horse.
  
  
• Q: Where will the horses be stabled? Top
  A: The horses will primarily race in the Midwest, stabled in Illinois in the summer, and in Kentucky in the spring and fall. Then it's off to Florida during the winter.
  
  
• Q: What happens on a day a horse runs? Top
  A: This is where the real fun starts! Upon request, you will be provided with race day seating, a picture in the winners circle if your horse wins, and the opportunity to go back to the barn to see your horse after the race.
  
  
• Q: How will I be updated on the progress of the horses? Top
  A: You will be updated weekly from the manager on training, race scheduling, and all other circumstances concerning the horses through our website via The Owner's Box, a private section for owners only. Videos of the horses during workouts, photos, and manager comments will be available for your viewing. You are also encouraged and welcomed to call Bill Cartwright at anytime at 773-255-7666 or email him with any questions you may have.
  
  
• Q: How will I be updated on the purse money and expenses? Top
  A: Each month you will receive a personalized account statement detailing all account activity.
  
  
• Q: How will the taxes be reported? Top
  A: Each member will receive a K-1 for each calendar year.
  
  
• Q: Why the choice of an LLC (Limited Liability Company)? Top
  A: The LLC has become a popular choice due mainly to the fact that each of the members personal assets will not be at risk and will not be mingled with the assets of the LLC.
  
  
• Q: What happens if the money in the business account is exhausted? Top
  A: In the event the business account funds approach exhaustion, there will be a capital call covering an estimated 3 months of expenses to meet ongoing operational obligations. The capital call for each member will correlate with the amount of shares each member is involved in.
  
  
• Q: Will I be able to leave the partnership before it is dissolved? Top
  A: If you choose to leave the partnership, your share must be offered first to the existing members and manager. Only if they pass on purchasing your share will you then be able to sell your interest to an outside buyer. Said sale to an outside buyer will still need to be approved by the remaining members and manager. In the event you are unable to find a suitable buyer the company may call that ownership’s interest for a nominal amount as outlined in the operating agreement. Cartwright Thoroughbreds encourages all members to be prepared to be involved for the entire life of the investment.
  
  
• Q: Do you take out insurance on the horses? Top
  A: Mortality insurance is not offered by Cartwright Thoroughbreds, although each member may purchase insurance on their own.
  
  
• Q: How does the partnership conclude? Top
  A: Since Cartwright Thoroughbreds is designed for the interest of racing, once the career of its runners are over, they will be sold to begin the next phase of their careers as a stallion, broodmare, hunter, jumper or pleasure horse.
  
  
• Q: Do members have a say in the decision making process concerning the horses? Top
  A: All decisions concerning the campaigning of the horses will be made by manager Bill Cartwright. Of course, each member will always be kept abreast of these decisions during the frequent, normal updates.
  

• Q: How does Cartwright Thoroughbreds receive compensation? Top
  A: At this time we do not mark up the prices of our horses to our members at the time of purchase. There is a nominal administrative/management fee to cover operational costs, but only after each member recoups his/her initial investment shall Cartwright Thoroughbreds collect a 20% share of all profits thereafter.
  
  
• Q: Will I need to be a licensed owner? Top
  A: Yes. Each owner will be responsible for becoming a licensed owner in each state the horses run. Fingerprints and a photo will be needed along with a fee of approximately $65. Information concerning licensing will be provided by Cartwright Thoroughbreds when ownership groups are formed.