Talking from the perspective of a business owner: Firstly, on the face of it, it looks like you are taking all the risks of equity without the possibility of a

Talking from the perspective of a business owner: Firstly, on the face of it, it looks like you are taking all the risks of equity without the possibility of a payday. Secondly, if the business is owner-managed you’re in a strong position to ask for an equity stake in lieu of cash payment. That might be preferable to you. But as suggested above, legal advice would be useful at this point.