Session I – Foundations of Equine Law: Regulatory Landscape and Practice Essentials – Peter Sacopulos
Until December 2020, thoroughbred, quarter horse, and standardbred racing were governed and regulated by state race commissions. On December 27, 2020, President Trump signed into law the Horseracing Integrity and Safety Act (HISA). The result being that thoroughbred horse racing is now governed by a federal set of rules. Quarter horse and standardbred racing remain governed and regulated by state racing commissions/authorities. Both HISA and state regulatory programs provide for an adjudication system that utilizes an administrative adjudication process coupled with a right of judicial review. This session will review HISA, its constitutional challenges, the Absolute Insurer Rule, and the federal and state administrative and judicial adjudication process.
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Session II – Structuring the Equine Enterprise: Entity Selection and Tax Planning Considerations – Robert Webb
This session will explore how the legal and tax structure of an equine enterprise can significantly influence its long‑term financial outcomes. Drawing on federal tax principles and practical industry experience, we will examine how choosing the appropriate entity, whether an LLC, partnership, S corporation, or sole proprietorship affects income reporting, self‑employment tax exposure, depreciation opportunities, and loss utilization. We will also discuss the IRS’s heightened scrutiny of horse operations and the importance of running the enterprise in a genuinely businesslike manner, with proper recordkeeping, budgeting, and operational discipline, to avoid reclassification as a hobby under the §183 “hobby loss” rules. Using real‑world guidance the session will highlight how entity choice and documented profit motive can help protect deductions, withstand IRS challenges, and position a horse business for tax‑efficient growth.
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Session III – Negotiating and Drafting Equine Industry Agreements – Jennifer Guidea
This session examines the transactions and contracts most common in the equine industry, including purchase and sale agreements, leases, boarding contracts, and breeding agreements. It focuses on the core deal terms and drafting architecture that make these agreements enforceable and workable in real operations, covering ownership and registration transfer, trial and installment structures, care obligations, insurance and indemnification provisions, and clear remedies when things go wrong. Attendees will learn practical approaches to allocating risk and drafting dispute-ready provisions for common contingencies such as health and soundness disclosures, hereditary conditions, foal guarantees, risk of loss, and payment, deposit, or refund disputes, while accounting for key state-specific considerations.
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Session IV – Equine Business Protection: Crafting Waivers, Rules, and Risk Management Plans – Allison Ecklund
This session will focus on essential legal and operational considerations for equine businesses, covering the drafting of waivers and releases in boarding, training, and event contracts to mitigate liability. Attendees will also explore the development and enforcement of stable rules, practical risk management strategies, effective crisis management and emergency response planning to ensure safety and compliance in the event of accidents or emergencies. The session offers valuable insights for equine professionals aiming to protect their businesses and clients.
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Session V – Equine Liability in Practice: Real Estate Issues and Insurance Strategies for the Equine Industry – Peggy Hosking and Heather Wright
In this session we will discuss some legal considerations that are unique purchasing and leasing real estate intended for equestrian use. We will touch on items to investigate during due diligence such as zoning, permitting, licenses and environmental requirements such as storm water and runoff water management, manure management and dust management. Then we will discuss additional considerations when leasing property for equestrian use, including repair and maintenance responsibilities, arena maintenance, landscaping maintenance, biosecurity, evacuations, employees, liens, abandonment of animals and waivers of liability. We will close this section with a brief outline to insurance for equestrian operations which will be covered in the next segment.
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This course is co-sponsored with myLawCLE.
Date / Time: February 12, 2026
Closed-captioning available
Peter J. Sacopulos | Sacopulos, Johnson & Sacopulos
Peter J. Sacopulos is a Terre Haute, native whose practice includes equine law and who is admitted in Indiana and multiple federal courts, including the Seventh Circuit and the U.S. Supreme Court. He is active in industry organizations, including the American College of Equine Attorneys, and has served in leadership and advisory roles within the thoroughbred community.
A frequent national presenter on racing regulation, Mr. Sacopulos has delivered multiple programs focused on HISA, including constitutional challenges, enforcement, and defense strategy (e.g., WVC Annual Conference; Saratoga Racing & Gaming Conference; ROAP continuing education; National HBPA; National Equine Law Conference). His publications likewise address core issues in this session’s regulatory landscape covering HISA adjudication and due process, evidentiary issues (including HISA/HIWU expert testimony), and liability standards such as the Trainer Responsibility/Absolute Insurer Rule. He has also written on notable disputes and litigation affecting racing participants, including commentary tied to Serpe v. FTC, et al. and the Jerry Hollendorfer litigation.
Robert Webb | Frost Brown Todd
Seasoned veteran attorney, Bob Webb, applies savvy strategies when dealing with IRS matters to help you achieve your best outcome.
Bob was President of the Tax Bar Association, he has spoken at the American Bar Association Criminal Tax Institute for many years, and he is one of the top advisors on how to litigate and resolve complex hobby loss cases in all different types of businesses. Growing up in Kentucky, Bob has particular expertise in resolving multi million-dollar tax cases involving the thoroughbred and quarter horse industries.
Bob deeply understands how to work with the IRS based on his experience working for the Department of Justice Civil Tax Division, where he had an insider’s view of how the IRS and the Department of Justice pursue taxpayers for criminal and civil tax violations. Armed with this knowledge, Bob knows how to prevent taxpayers from being audited by the IRS and how to litigate and resolve complex tax disputes across a wide variety of situations.
Bob attended Georgetown University Law Center where he obtained his Master of Law and he also taught federal taxation of entities for Bellarmine College. Additionally, Bob authored the first criminal tax practice monograph for the University of Kentucky College of Law.
Jennifer Guidea | Gordon Rees Scully Mansukhani, LLP
Jennifer A. Guidea is Assistant Managing Partner of Gordon Rees Scully Mansukhani’s Livingston, New Jersey office and serves as Chair of the firm’s Equine Practice, advising equine professionals on both day-to-day risk management and high-stakes disputes. She is admitted in New Jersey and New York and has appeared in state and federal courts in jurisdictions across the United States.
Jennifer also leads GRSM’s national Equine Law Practice Group, supporting horse owners, breeders, trainers, stables, and equestrian businesses with equine-related transactions and litigation nationwide. Her published work includes Equine Liability Acts: Managing Unpredictability (Equine Business Magazine), addressing how Equine Activity Liability Acts vary by state, common statutory exceptions (e.g., faulty tack, participant ability, latent property hazards, negligent disregard), and practical steps such as signage and contract/waiver strategy.
In addition to her equine-focused work, Jennifer’s broader commercial litigation and counseling background including franchise and business disputes, brings a pragmatic lens to business protection and growth strategy.
Allison Eklund | Eklund Law
Allison Fabyanske Eklund has been practicing law in Minnesota since 1998. After almost a decade in litigation and a national practice in Federal Indian law, she started Eklund Law, PC in 2007 to combine professional experience with personal interest in horses and contacts in the horse industry. Her exposure to a broad variety of legal issues supports a diverse solo practice focusing on equine public policy and business law as well as estate planning and legacy lands. Since 2006, Ms. Eklund has offered award-winning estate planning presentations for landowners in collaboration with the University of Minnesota Extension. Her experience in equine land use issues has led to successes in Minnesota tax court, zoning and conditional use permit disputes. As attorney for the Minnesota Horse Council, Ms. Eklund has been instrumental in passing property tax, land use, and agricultural legislation favorable to horse owners and equine businesses. She has formed numerous equine nonprofit organizations, including the Minnesota Stable Owners Association, MQHA Foundation, and MHC Foundation. On behalf of the Minnesota Horse Council and its related nonprofits, Ms. Eklund works to encourage best practices as well as to educate and inspire the public about the benefits and enjoyment of working with horses.
Peggy Hosking | Buchalter
Peggy Hosking is a partner in the Orange County California office of Buchalter LLP and serves as an outside general counsel to her clients. In the role of outside general counsel she advises business owners on a topics such as acquisition and disposition of real estate, leasing, business operations and preparing for the successful M&A transaction. Her clients cover myriad industries and are manufacturers, distributors, retailers, investors and contractors. In addition, Ms. Hosking is a lifelong equestrian, co-chair of the Equine Law practice group at Buchalter and the owner of a boutique warmblood breeding farm in Southern California.
Heather Wright | Buchalter
Heather Wright is a Partner in the Nashville office of Buchalter LLP. Ms. Wright helps a broad variety of commercial clients identify operational risks and manage risk through insurance. She helps policyholders maximize insurance recovery under a variety of commercial insurance policies, including property, general liability, professional liability, directors and officers, and cyber liability policies. In addition, she represents commercial property owners and asset managers, as well as real estate developers and general contractors, in the negotiation of insurance and indemnity provisions in purchase and sale agreements, debt service agreements, leases, management agreements, and construction contracts.
Session I – Foundations of Equine Law: Regulatory Landscape and Practice Essentials | 1:00pm – 1:30pm
Session II – Structuring the Equine Enterprise: Entity Selection and Tax Planning | 1:30pm – 2:00pm
Break | 2:00pm – 2:10pm
Session III – Negotiating and Drafting Equine Industry Agreements | 2:10pm – 2:40pm
Session IV – Equine Business Protection: Crafting Waivers, Rules, and Risk Management Plans | 2:40pm – 3:10pm
Break | 3:10pm – 3:20pm
Session V – Equine Liability in Practice: Real Estate Issues and Insurance Strategies for the Equine Industry | 3:20pm – 4:20pm