I need a waiver and loan agreement for my LLC

Budget

Posted: 5 years ago

Opened

Description: I invested £410k into a new company. My brother created and runs the company. It's nature is real estate development.

We've been running for around 2 years now and he admitted the other day he's 'borrowed' 70% of the companies capital aka my investment. I signed no loan agreement or shareholder agreement

I threatened to sue him but now I want him to sign a loan agreement which stipulates if he pays back the money on the designated dates I won't push legal action.

He's stated he won't engage into any negotiations without a waiver saying I'm not planning on suing him, so I'm thinking I need a waiver in combination with the loan agreement.
Skills:
design,development,real estate

Source: peopleperhour.com