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What do you mean? Can you rephrase?
Are you asking what kind of asset to ask for?
Are you asking what type of asset to require from them for you to be the guarantor?
Any asset will do. What most people do is require that the person they are serving as guarantor for either 1) get a bond or 2) deposit cash in that amount into a trust account to reimburse you if they default. A bond works the same way and requires less money up front for them. Most independent insurance agents can locate a bonding company who will put up the bond.
If the person taking over the business has some CDs, then these can be used as well. You would want a lawyer to draft the agreement between you so that it isn't necessary to sue them and go through the entire court proceeding before you can collect.
No, unfortunately we're not allowed to.
You can find a lawyer to assist you by going to www.lawyers.com and in the section for Area of Practice enter Business Law or Contract Law. Either of those will have the skill set you need.
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Of course, please feel free to ask any follow up questions in this thread. I want to be sure that all of your questions are answered.