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Official Course
Description: MCCCD Approval: 5-25-2004 |
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EQS130
2004 Fall – 2011 Summer II |
LEC
3.0 Credit(s) 3.0 Period(s) 3.0 Load Occ |
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Equine
Business and Law |
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Practices
and records used in the equine business. Includes record keeping systems and
basic accounting principles; taxes; personnel management practices; computer
programs for record keeping and operations management. Addresses legal
aspects and laws unique to equine businesses. Prerequisites: None. |
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Go to Competencies Go to Outline
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MCCCD
Official Course Competencies: |
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EQS130 2004
Fall – 2011 Summer II |
Equine Business and Law |
1.
Identify
and describe the methods of conducting an equine business. (I)
2.
Explain
the differences between a horse business and a hobby operation. (II)
3.
Identify
the nine factors used by the IRS to show profit intent. (II)
4.
Describe
employer requirements related to hiring employees and independent contractors
(III)
5.
Identify
and describe various components of an effective equine record keeping. (IV)
6.
Identify
and describe various equine accounting principles and practices. (IV)
7.
Describe
various debt collection practices and procedures. (V)
8.
Identify
and describe the specific components necessary to develop each type of equine
contract and outline the legalities associated with each. (VI)
9.
Identify
and describe major insurance and liability issues in the equine industry. (VII,
VIII)
10.
Identify
and describe brand laws and other legal requirements that affect the equine
industry. (VIII)
11.
Identify
and describe customer services policies and practices of a successful business.
(IX)
12.
Develop a
marketing plan for a specific segment of the equine industry. (X)
13.
Identify
and describe the major components needed to develop an effective business plan.
(XI)
14.
Draft a
viable business plan for an equine business. (XI)
Go to Description Go to top of
Competencies
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MCCCD
Official Course Outline: |
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EQS130 2004
Fall – 2011 Summer II |
Equine Business and Law |
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I. Types of Equine
Businesses A. Sole proprietorship B. Partnership C. Limited liability
company D. Corporation E. Syndication II. Equine Business vs.
Hobby A. The legal environment B. 1986 tax reform C. Two profit years out of
seven D. Nine determining IRS
factors III. Employer Requirements A. Determining employee vs.
contractor B. Unemployment insurance C. Worker's compensation IV. Equine Records and
Basic Accounting A. Equine records and
record keeping practices B. Accounting periods C. Cash accounting D. Accrual accounting E. Balance sheet and income
statement F. Assets and liabilities 1. Current 2. Non-current V. Debt Collection A. Fair Debt Collection Act
B. Debt collection
requirements C. Obtaining judgment D. Collection procedures VI. Equine Contracts A. Elements of an equine
contract B. Bill of sale C. Equine liability waiver D. Breeding contracts E. Boarding /Training
contracts VII. Equine Liability A. Liability waivers B. Concerns and potential
hazards for equine enthusiasts C. Equine legal protection VIII. Equine Insurance and
Brand Laws A. Laws B. Parameters in Arizona
and beyond C. Insurance protection for
business owners IX. Customer Service A. Keys to operating a
successful business B. The importance of
'customer service' X. Marketing and
Advertising Equine Businesses A. Marketing theories in
the horse business B. Methods of marketing an
equine business C. Understanding the equine
marketplace D. Identifying a niche
clientele within the industry E. Advertising wisely XI. Developing a Business
Plan A. Components of a
successful equine business plan B. Preparing an equine
business plan |