In what cases does the attorney have to enter the state of MA and represent me? How can we assess the value of the business in MA is worth the amount of money i'm investing? How can i protect myself if the other party files for personal/business banruptcy? Can we add any guarantees in the contract that would help me in getting back some of the assets in the event of bankrupt situation? I'm investing 50K to get 20% stock of this business. Business owner will be paying me $1000/month in cash for the investment i made irrespective of profits/loss. He would return the investment with 45days written notice at any point of time.
Can this be done and how to ensure that i get my investment back when i need it?
Its a new business.. so not sure if we can assess properly.. Also whenever they return my investment ($50k) back, i would prefer taking a personal check to avoid paying tax on the amount returned. Is that legal and how can we put that in MOU? Also how can we put in the MOU that other party will be paying me $1000 cash every month on so and so date. And if they do not pay on that date, what can i do?
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