Salim U. Shaikh's answer It appears your purchase deal has already been completed and you are owning that plaza now. Whatever was quoted prior to your purchase should have been assessed and verified at your end, which you probably did not. To undo your deal or to claim the loss that you foresee would be a long and complex litigation. In absence of documentations specific advice cannot be rendered. However, you may consult Attorney of your local jurisdiction for a specific advice.
Linda Simmons Campbell's answer Your boyfriend needs to set up a consultation with a tax attorney. Most of us offer a free consultation. Unfortunately there is not enough detail here to give you an accurate answer. This would likely be a very difficult matter to resolve on his own particularly if, as I suspect, this is due to the business owing trust fund penalties (which may have been accrued prior to him ending his business association with his uncle.
Matthew A. Wiley's answer You can have an agreement with someone from out of state. You can pick any law you would like to avail yourself too. It is not necessarily bad to use CT law. Many national business agreements tend to be in NY or DE. It is also possible to change the state at a later date. For most people it comes down to convenience should their be a dispute between partners. In some cases such as national stock companies DE is a significant advantage.
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